Access Equipment
To keep your small business performing at its best, you need the right equipment for the job. Whether you rely on earth-moving vehicles or MRI diagnostic machines, equipment financing helps make them affordable. Choose a loan for long-term needs or find an equipment lease to handle your short-term requirements. If you already have equipment, we’ll show you how to leverage its equity to boost your working capital.
Equipment Loans
If your company owns valuable equipment and needs to boost cash quickly, a sale-Whether your equipment needs to be replaced or you’re trying to gain a competitive edge with the latest technology, equipment loans make bringing in new tech and equipment affordable. Vehicles, conveyors, ovens, kilns, and freezers can all be financed with an equipment loan, but so can vacuums, printers, and high-performance software. If you need it, we’ll help you get it.
Have you been turned down for an equipment loan before? No matter your credit score, our brokers will help you identify financing that fits. We work with the SBA to give small businesses a second chance to get the funds they need. Compare rates between banks, credit unions, and private lenders side-by-side without being pressured to take a loan you can’t afford. We’ll make sure you have all the answers to your questions before you sign anything. Once your loan is approved, we’ll help you invest the cash you save back into your business.
Equipment Lease
Taking on an equipment loan only makes sense if you plan to utilize throughout the equipment throughout the loan term, or that you are able to sell at a profit before the conclusion of the loan. Otherwise, you might end up paying for equipment you are no longer using. If your equipment needs are short-term, consider an equipment lease instead. Leasing lets you decide if new technology fits into your workflow before you make a long-term investment. Some leases include maintenance and repair costs for one easy payment each month or quarter.
When you no longer need to utilize the equipment, you can upgrade to newer equipment or let the lease run out. You may also have the option to buy the equipment if you want to make it part of your long-term plans. Not sure which equipment financing is right for your small business? Let our brokers show you the available options and get a great deal on equipment financing that works with your terms.
If your business needs don’t include new tech or equipment, try one of these options:
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SBA Loans
Working Capital
Sale-Leaseback
A sale-leaseback works when you already have equipment, but need to bring in extra cash. Get a lump sum of cash based on the value of your equipment. Then, keep the equipment working in place in exchange for monthly or quarterly payments back to the buyer. Leave maintenance and repair worries to the buyer while you continue to use the equipment for your business. At the end of the lease, explore options to buy back, upgrade, or end the lease.
Don’t waste time looking for a buyer online. Save yourself the hassle by working with our professionals. We have connections to local buyers who can offer you high value for your equipment. Our brokers will help you compare to get the most competitive deals and find a lease that fits into your budget. When you’re ready to change your lease, we can help you negotiate a great offer. Call us about a sale-leaseback today!
Hard Money Loans
Hard money loans work to help you buy equipment for your business or use existing equipment to get cash. Lenders look at the value of the equipment you want to finance, not your credit score. Even if your credit is damaged, a hard money loan helps you afford the equipment you want. A hard money loan uses a business’s “hard assets” as security instead of past history. You can leverage the equity you’ve built in equipment, real estate, and other assets to get financing for whatever your business needs.
Since hard money lenders don’t have to jump through the same underwriting hoops as banks and credit unions, your loan could be approved in 24 hours or less. Hard money loans are short-term, so you won’t have to pay interest on your loan ten years down the line. If your equipment is broken, outdated, or just taking up space, ask us about a hard money loan now.
Lending Overview
When an equipment lease is more suited to your needs, our brokers will help you find a lease at a competitive rate. Use a lease to upgrade your equipment or try out something new before you consider making it part of your regular workflow. A sale-leaseback is an attractive option when you have equipment but need extra cash. It lets you keep your equipment running and get a lump sum payment at the same time. Ask our brokers to help you find the right equipment financing today.
The Process Is Simple
Step 1:
Decide if you’re looking for an equipment loan, equipment lease, sale-leaseback, or hard money loan. Can’t decide? We can help!
Step 2:
Find out how much your budget will allow. Our brokers and lenders want your loan to succeed. So, we’ll help make sure you’re not in over your head when it comes to your equipment financing.
Step 3:
Submit an application. One of the biggest reasons lenders will deny loans is because the borrower’s application is incomplete. Avoid delays and denials when you work with our brokers to submit an accurate and complete application the first time.