Equipment loans and leases are designed to help your business bring in the tech and machinery it needs to power workflow. Whether you’re looking to have equipment long-term or just a few years, we’ll show you how to manage the upfront expenses most businesses face.
Equipment Loans
Equipment loans and leases are designed to help your business bring in the tech and machinery it needs to power workflow. Whether you’re looking to have equipment long-term or just a few years, we’ll show you how to manage the upfront expenses most businesses face.
Understanding
Equipment Loans
When you have liquidity tied up in equipment assets, equipment financing can help you tap into that value without saying goodbye to valuable machinery. Not all businesses work with earth-moving vehicles and heavy trucks. Some need high-tech software and computer networks to operate at their best. Equipment financing covers everything from industrial kilns to copy machines and makes bringing in new equipment affordable. Even if your business has been turned down by other lenders, our brokers will give you options that don’t require a high credit score. Talk to us about equipment financing today and get what you need to keep moving right away.
How to
Effectively Apply Funds
The type of equipment financing you need depends on what your equipment goals are. Equipment loans are best suited to equipment that lasts as long as ten years or more. Equipment leases work better if you plan to have equipment short-term or just want to try out the latest tech before you buy. There are also ways to use equipment you already have to get cash for your business. Look to a sale-leaseback to give you cash on the value of your equipment. Then, lease it back for a low monthly or quarterly payment. Only the money moves, not your equipment. A hard money loan will let you secure financing on the value of your existing equipment. Ask us about the many ways we can save you money on equipment financing.
Our Services
Loan
Break down the cost of getting new equipment when you finance with an equipment loan. Use a loan for long-term equipment needs whether your needs include construction trucks or high-tech software. We’ll help you find the most affordable financing available, even if you have bad credit.
Lease
Not ready to commit to a long-term equipment loan? No problem! We’ve got you covered with an equipment lease that lets you onboard equipment for short-term needs. Leasing can include maintenance, repair and upgrade costs, saving you money on recurring expenses. Ask us how to find your next equipment lease today.
Sale-leaseback
Use a sale-leaseback to get cash on the value of your equipment without pulling it from your production line. You’ll get a lump sum for the equipment and keep it in place under a lease contract. Cancel, renew, or upgrade at the end of your lease term. See a broker for details.
Ready to start your financing journey?
Our pre-application process is simple. Your information helps us position you for financing so we can provide an overview and some initial options on our first call. Click the button below, fill out the simple form (no hard credit pull required) and we will connect with you soon!
F.A.Q’s
Get Informed
Is a loan or lease better for equipment?
The answer depends on how long you plan to use the equipment. You wouldn’t want to pay on a 10-year loan for equipment you only use for five years. For long-term needs it’s best to look at loan options. For short-term needs, consider leasing instead.
Can I buy back equipment after a sale-leaseback?
Some lenders offer the option to buy back your equipment after a sale-leaseback, but not all of them do. Be sure to check the terms of the agreement before you decide on a lender. We can help you understand the terms before you sign.
Can I use an equipment loan to get used equipment?
Yes, you can get financing to buy used equipment. Let us help you find the best equipment lender in your area for the lowest rates on used equipment.
How do I find a lender for an equipment loan?
Equipment loans can come from banks, credit unions, private lenders, and government agencies. So how do you sort through all of the options to find financing that fits your needs? Save time and hassle by using one of our brokers. We’ll help you compare loans across lenders to find the best deals.