Bring in New Tech & Equipment
If you need to quickly replace old machinery, outdated software, or bring in new major assets, consider applying for an equipment loan. Equipment loans give you cash upfront so you can purchase assets right away. Afterwards, you can repay the loan over time in small, manageable amounts.
Equipment Loans
Purchase what you need to keep your business running, when you need it.
Equipment Lease
Consider leasing equipment that requires frequent servicing or quickly goes obsolete.
Hard Money Loans
Utilize your firm’s existing assets to secure funding for a wide range of expenses.
Sale-Leaseback
Receive cash for your equipment without removing it from your operations.
Financing Details
Equipment Loans
Need to quickly make a serious investment in your equipment? Consider a loan to put high-value equipment within your reach. An equipment loan can be used to acquire a variety of assets. Everything from tractors and heavy machinery to server clusters, supercomputers, and valuable software systems all qualify for financing.
Equipment loans use the equipment being purchased as collateral, allowing firms to receive financing, even with new or damaged credit histories. If a business is unable to repay the loan, the lender can simply take possession of the equipment to satisfy outstanding debts.
Equipment Lease
Worried about your equipment going obsolete too quickly? If you expect your equipment to need frequent repairs, upgrades, or replacements, consider leasing your equipment instead. Leasing is often more manageable, allowing you to spread out your costs instead of having to come up with a large lump sum every few years. Additionally, since the owner is responsible for the leased equipment, you can save money on repairs and maintenance.
Lastly, leasing allows you to avoid responsibility for unusable equipment. Most standard equipment loans carry terms of about ten years. If your equipment fails before then, you could end up paying for something you’re no longer using.
Hard Money Loans
Having trouble securing a traditional loan from a bank? Consider a hard money loan instead. You can boost your liquidity by leveraging valuable assets like real estate and heavy equipment as collateral. Additionally, since a hard money loan uses the value of your business assets as security, you don’t have to worry about poor credit scores. Best of all, application turnaround times are much faster, allowing you to receive funds within 48 hours or less.
Sale-Leaseback
Do you want to boost your cash position without relying on real-estate assets? If your business uses construction, computing, or industrial equipment, you can sell them to a lessor while the equipment itself stays put. The lessor will give you an upfront lump sum, and you will send small monthly payments in return.
At the end of the lease, you may renew, repurchase, or simply hand over the equipment that you initially sold. Commercial ovens, printing presses, high-tech software, and vehicles are just a few examples of equipment that qualifies for this kind of financing.
Bring in New Tech & Equipment
Take The Next Step
Advantages Of Equipment Financing
Financing your equipment acquisition is a smart tactic that gives you access to multiple benefits. With our help, you can:
Rapidly fund a variety of critical purchases
Offload repair and maintenance responsibilities
Break down large expenses into manageable payments
Use your assets to quickly generate cash
F.A.Q.’s
Use your assets to quickly generate cash
What if I have equipment but I need cash?
Will my credit score impact my chances of getting an equipment loan?
Is there additional help for small businesses?
Bring in New Tech & Equipment
Get Started Today
Here’s how to get started:
Fill out a Short Questionnaire
Speak with One of our Brokers
Recieve Customized Financing
We will work with you to answer all of your questions. Once you are satisfied and ready, we will help you with an official funding application process.
Enjoy Continued Support
We understand that some forms of financing are complex, and may require advice beyond the initial application. Our team of professionals stands ready to help you along every step of the way.
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