Equipment Loans

When you hear “equipment” what do you think of? Is it trucks, earth-moving vehicles, and forklifts? Equipment loans cover all those, but they can also help pay for copy machines, computers, diagnostic devices, walk-in freezers, and even land-moving equipment. The tools your business relies on every day can take many forms. That’s why we help connect small businesses with flexible equipment financing that’s affordable. If you need it, we can help you fund it, no matter which industry you thrive in. Not interested in long-term financing for your equipment? Try an equipment lease. Wrap your maintenance, repairs, and upgrades into one monthly payment. We’ll help you explore your equipment options and find the best deals.

Loan

Equipment is crucial for most businesses, but it can also be expensive. It’s a potential barrier for startups too. Equipment loans break down the upfront cost of outfitting your business with the tools it needs to succeed. Whether you have great credit or are just starting out, there’s an equipment loan that’s right for you. Turned down for an equipment loan before? Try a loan through one of our SBA-approved lenders.

Lease

Equipment loans aren’t the only way to onboard new equipment. A lease lets you try out equipment before you buy it. Why take out a long-term loan for equipment you’ll only use in the short term? Equipment leasing is an easy way to get equipment repairs, upgrades and maintenance handled all in one payment. Let us help you find an equipment lease that’s right for you.

Sale-Leaseback

If it’s cash you need, but don’t want to sell off your equipment, a sale-leaseback can be the answer. A sale-leaseback lets you sell your equipment to a buyer for a lump sum. Then, the buyer leases the equipment back to you. You don’t need to disconnect or relocate your equipment. Simply keep it in place and working for your business. Talk to a broker about an equipment sale-leaseback today.

Refinancing

The credit you had when you started your business might not be the same credit you have now. If your credit outlook has changed, you may qualify for a lower interest rate equipment loan. Refinancing lets you replace your old loan with a new one that has better terms and costs. If rising interest rates are getting you down, try switching to a fixed-rate equipment loan to avoid changes in the market. We’ll show you how to cut the cost of borrowing and reduce your monthly expenses.

Equipment Loan Highlights

Highlights

– Loan and lease options help lower the cost of equipment

– Your equipment can help you get working capital with a sale-leaseback

– Most equipment leases include maintenance and repairs

– Refinance to replace your current loan with a lower-cost equipment loan

Benefits

– Reduce your upfront costs for equipment

– Get equipment, no matter your credit score

– Get money for equipment you already have

– Shrink your monthly costs when you refinance

– Increase production output and reach efficiency goals

Challenges

– If the loan outlasts the equipment, you still owe on the loan

– Leasing may not let you count your equipment as a company asset

– The lender may seize equipment if it was used as loan collateral

– Equipment loans are limited to equipment purchases

Alternatives

If leasing or borrowing equipment isn’t right for your business, consider:

– SBA Loans

– Lines of Credit

– Hard Money Loans

Take the next step toward financial access.

Our Firm

Learn more about our approach to financing small and medium sized businesses.

Get In Touch

Not sure about your next step? Talk with a financing expert today.