Finance the Equipment Your Business Needs to Grow

Equipment Loans

Equipment is crucial to nearly every type of business from medical diagnostics, to industrial fabrication.

Understanding

Equipment Loans

Equipment, machinery, and technology keep operations at their best.

Waiting to upgrade or replace equipment can slow down success and decrease revenue, but new equipment isn’t always affordable. Get help managing the upfront costs of new or used equipment with equipment financing so you can keep production flowing.

Equipment loans, leases, and sale leasebacks can help your business onboard the equipment it needs today or leverage your existing equipment to access working capital. You can try out new tech before you buy it with an equipment lease. Onboard the newest models with an equipment loan. When you have equipment but need extra cash, use a sale leaseback to get what you need. You can keep your equipment in place and get a cash flow boost today. Speak with a dedicated, professional broker now to find out more.

How to Effectively

Apply Funds

Whether you’re using commercial ovens, MRI machines, earthmovers, or high-tech drones, your equipment is important.

So when you need to replace or upgrade it, you need to do it fast. But some of the most vital equipment can be hard on your budget. Even if you can afford to purchase new equipment upfront, saving that money for investments may be a better move.

Equipment loans break down the cost of expensive equipment over time to make it manageable. Loans are ideal for equipment with a life expectancy of five years or more. Leasing equipment works best when you expect to upgrade or replace the equipment within a few years.

Funding Options

Loans

As equipment becomes more advanced, it can also become more expensive. To take advantage of the newest AI and Internet-enabled devices, you need to manage the upfront costs of the latest tech. An equipment loan lets you get what you need now and pay down the cost over time.

Lease

With the speed of developments in technology today, keeping up with the latest tools and tech requires flexible financing solutions. Equipment leases let you utilize the latest technology without a long-term commitment. Use a lease when you expect to repair or replace your equipment in the short term.

Sale-Leaseback

You can sell the equipment you already have to get cash without having to take it off the production line. A sale-leaseback gives you a lump sum of cash for your equipment upfront and lets you lease it back with a monthly or quarterly payment back to the buyer.

Still Have Questions?

We’ve Got The Answers

Q. Should I buy or lease equipment for my business?
If you need equipment but aren’t sure whether to buy or lease, consider how long you plan to use the equipment. Generally, if your equipment needs to be replaced in five years or less, leasing is the better option. If you expect the equipment to be in place for over five years, buying the equipment could be the right move.
Q. Where can I get small business equipment financing?
Equipment financing for small businesses can come from banks, private lenders, and the federal government. You want to get the most value for your money, which is why connecting with a broker is crucial. Your broker can help you compare loans across lenders and position your business’s application for approval.
Q. Is it hard to get financed for equipment?
Not every equipment lease or loan is right for every business. With a wide variety of equipment financing options, however, it can be easy to get your business’s equipment financed. Even if your credit score is low, there’s an equipment loan waiting for you. Talk to a qualified broker to find out more.
Q. How do I get approved for equipment financing?
The approval process will depend on your lender and the type of financing you choose. The better your business credit score is, the easier it will be to qualify for funding. Most lenders require at least one year in business and a score of 550 or higher to qualify. Get help from a broker to find the best fit for your needs.

Equipment Loan

Advantages

  • A variety of lenders are available. 
  • Leverage your existing equipment assets for cash. 
  • Manage large upfront costs with ease. 
  • Short and long-term options.

What We Do

Why Clients Choose Us?

Clients choose us for our commitment to delivering personalized financial solutions that align with their business goals. Our team’s dedication to transparency, speed, and exceptional service ensures a seamless experience from application to funding.

Get In Touch Today!