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Equipment

What moves your business? Whether you rely on trucks, tractors, heavy machinery, or software, we can help you finance it. With so many options at your fingertips, our knowledgeable brokers will help you separate the wheat from the chaff so you can get busy earning, not spending.

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What is
Equipment Financing?

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On the surface, equipment financing seems pretty basic. You borrow money to buy equipment.

But, there are a lot of options when it comes to onboarding equipment for your small business. For one, you can get new equipment without making a long-term investment. Not all equipment is built to last, and some need frequent upgrades. Why get a 10-year loan on a machine you’ll only have for five? We’ll show you short-term equipment leases to fit your budget.

Equipment financing can work for you even if you already have the equipment you need.

It can help you get cash for the equipment you have without having to give it up. Use a sale-leaseback to sell your equipment and keep it in place. Leverage your heavy-duty trucks and construction vehicles by using them to secure other loans. Securing a loan gives you the ability to borrow at a lower interest rate, even with a low credit score. To learn more about how equipment financing can work for you, speak with one of our dedicated brokers today.

Buy

New equipment can help you get ahead of your competition, but it’s not always easy to obtain. High-performing machines and software often come with high prices, putting them out of reach for small businesses. With equipment financing, you can manage the upfront costs now and pay them back in small monthly or quarterly payments.

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Lease

Cutting-edge technology is always advancing the way we do business. But how do you decide if the latest tools fit into your workflow? With an equipment lease, you can try new equipment before you make a long-term commitment. When your lease is up, renew, upgrade, or surrender the equipment, depending on your needs.
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Sale-Leaseback

If you’re happy with the equipment you own but need a boost to your working capital, consider a sale-leaseback. This financial tool lets you get a lump sum for the value of the equipment. Then, pay the new owner to lease it back. You get to keep the equipment in operation and get the cash you need.
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What Are The
Advatanges

Break down the high cost of new or used equipment.

Let someone else handle maintenance and repairs when you lease.

Use existing equipment to secure other business loans.

Try new tech without a full commitment.

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F.A.Q.’s

Q. Is it hard to get an equipment loan?
There are so many types of equipment financing out there that almost anyone can qualify for an equipment loan. Getting approved for loans secured on the equipment itself depends on the value of the equipment, not your credit score. We can answer all of your equipment financing questions. Just give us a call.
Q. What is an equipment sale-leaseback?
A sale-leaseback lets you sell the equipment you have without giving it up. A buyer gives you a percentage of the equipment’s value upfront, and you pay monthly or quarterly to continue using it. Some lenders give you the option to buy back or renew at the end of the lease.
Q. How do I get money without selling my equipment?
A sale-leaseback is one way to get cash on the value of your current equipment. You can also use the equity in the equipment to secure a hard money loan, term loan, and more. Offering the equipment as collateral gives you access to loans with lower interest rates and monthly payments.
Q. When is an equipment loan not the best option?
Equipment loans are meant to help you pay for equipment that lasts ten years or more. Some examples are trucks, tractors, MRI machines, X-ray machines, combines, and threshers. But if you use software or tech that advances by leaps and bounds, you may need to upgrade in a shorter time frame. With a loan, you could end up paying for equipment you no longer use. Instead, try leasing the equipment or buying a limited license. We can help you finance it, no matter which option you choose.

We help you stay in capital.

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