Equipment
LOANS
Whether your business relies on traditional tools or technology that advances by leaps and bounds, equipment financing helps you get it in the door and put it to work. Try it, buy it, or upgrade it so you can stay ahead of the competition. You can even get cash for your equipment while it keeps working for you.
EQUIPMENT
What is Equipment Financing?
Equipment financing can either help your business get equipment or get cash for the equipment it already has. You have choices when it comes to onboarding new tech and machinery. Everything from medical devices to commercial ovens can be financed with a range of options that make owning them more affordable. Get an equipment loan to help you manage substantial upfront costs.
Technology moves faster now than ever before. But keeping up with new tech every year or two can be expensive. Leasing lets you stay flexible without breaking the bank. You can try out new software, tractors, or machine presses for a short term. Decide if you like it or want to change it up when your lease term ends. If it’s the type of equipment that needs frequent upgrades, keep your lease going. Want to onboard the machinery for the long term? Switch to an equipment loan to make it happen.
Sometimes you have the vehicles and tools already but need a boost to your cash flow. Selling your equipment would bring in the cash, but how do you keep business moving without it? The answer is a sale-leaseback. Think of it as a hybrid between a hard money loan and an equipment lease. Sell your equipment to a lender based on its fair market value. Then, make regular payments to keep it under your roof and running. If you want to learn more about all of the equipment financing options available, contact our brokerage today.
ADVANTAGES
Keep up with the latest tools and technology.
Improve production without breaking the bank.
Get cash for the equipment you already have.
Try equipment before you make a big investment.
READY TO GROW YOUR BUSINESS?
Equipment Financing
Options
LOAN
Every business needs equipment of some kind to function, whether it’s software or industrial technology. When that equipment costs too much to replace, finance it with a loan instead. You can get the equipment you need now and pay over time. It’s easy to onboard new equipment when you have the right loan. Let us show you what’s out there.
LEASE
When you’re not sure if the new upgrades will work for your business, try it before you buy it. Equipment leasing lets you experience the performance of new equipment without the commitment. Pay a monthly or quarterly rate to borrow equipment for short-term use. Any upgrades, maintenance, or repairs can be covered under your lease so you avoid these headaches.
SALE-LEASEBACK
Do you already have reliable equipment in your arsenal? Learn how to leverage it for a financial boost. In a sale-leaseback, you transfer ownership, but not the equipment itself. You get a cash deposit and keep using the equipment in exchange for regular payments. When the lease is up, buyback, renew, or cancel the contract.
READY TO WORK TOGETHER?
Let’s connect and explore financing solutions
that align with your goals.
FAQ
Q. When is an equipment loan not a good fit?
While an equipment loan is a great tool to have in your financial toolbox, it’s not always the best solution. If the equipment you need wears out quickly or frequently becomes outdated, taking out long-term financing will leave you paying for equipment you no longer use. Let us show you leasing options that let you upgrade with ease.
Q. Can small businesses qualify for equipment financing?
Q. How much is my equipment worth to a lender?
If you’re considering a sale-leaseback or a hard money loan, your lender will look at the equipment’s current market value. Then, they’ll offer you a percentage of that value. For example, a $50,000 vehicle will depreciate from its original value. After several years and some wear and tear, it may be worth less than the purchase price.