It’s Hard To Thrive On Yesterday’s Machining, Computers And Inefficient Technology
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If you need to replace old equipment, outdated software, or simply bring in new equipment, an equipment loan can make it happen. Equipment loans give you the money upfront so you can purchase equipment right away. Then, pay off the loan in small manageable payments over time.
Most businesses use equipment loans to purchase what they need to keep their business running.
Sometimes, purchasing new equipment isn’t the best answer. A lease empowers you with flexible terms.
Sell your current equipment and lease it back. Generate working capital without any disruption to productivity.
Find the resources to match your vision and drive as an entrepreneur.
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Most businesses use equipment loans to purchase what they need to keep their business running. That’s because they make buying new equipment more affordable. Loans put high-value equipment within reach of small business owners.
Equipment loans use the equipment being purchased as collateral. That way, they can offer financing to companies with new or damaged credit histories. If the business is unable to repay the loan, the lender can take possession of the equipment.
It’s not only tractors, vehicles, and machines that can qualify either. If your business needs server clusters, supercomputers, or valuable software systems, we can help you find the financing you need.
Sometimes, purchasing new equipment isn’t the best answer. If you expect your equipment to need frequent repairs or upgrades, leasing is a better option. When you lease equipment, the owner is responsible for any maintenance and repairs needed.
Leasing is often a less costly option as well. Instead of coming up with a large lump sum every few years, you can make reasonable monthly payments. Regular payments are easier to plan for and easier to manage.
Most equipment loans carry terms of about 10 years. If your equipment fails before then, you could end up paying for something you’re no longer using. This is one example of when leasing could be the wiser option.
A sale-leaseback is a great way to generate working capital when you need it. It lets you get money for your equipment while you continue to utilize it for your business. You can sell the equipment to a lessor who provides a lump sum for the purchase. Then, your business pays to rent the equipment back from them.
In some cases, the lessor will give you the option to buy back the equipment at the end of the term. You may also choose to renew the lease for another term. If it’s time for an upgrade, you can let the lessor have the equipment.
Hard Money Loans
Have you had trouble securing a loan from a traditional bank? Are you working on repairing damaged credit? If you answered yes to either of these questions, the solution could be a hard money loan.
Hard money loans use assets like equipment to secure financing for other projects. Since these loans are asset-based, lenders don’t rely on your credit score to determine if you qualify for funding.
Using our network of lenders, we can help you leverage the assets you have now to boost capital, acquire property, fund other equipment, and build. Best of all, wait times for approval are short, sometimes the next day.
Equipment loans are structured specifically for the tools and technologies you need, without leveraging your other assets:
Break down the high cost of buying new equipment
Offload repair and maintenance responsibilities
Use your assets to generate cash
Fund a variety of necessary equipment for your business
Bring in New Tech & Equipment
Loan To Value
As Short As
Equipment Lease Terms
Of Equipment Evaluation
Bring in New Tech & Equipment
Begin by filling out a short questionnaire. Your answers help us get an idea of who you are and where you want to go.
Here’s how to get started:
Our solutions help you keep your business moving forward.