Equipment Leasing & Financing
Your business can’t move forward if you don’t have the right equipment. From heavy equipment like forklifts to large medical equipment, having the equipment you need is a necessary part of your business. Don’t be deterred by the huge cost of equipment. With equipment financing and leasing, you can get funding for financing your new or used business equipment. Our dedicated Funding Specialists will work to get you a quick approval on virtually any type of equipment. They will then find the payment option that’s best for you.
How Does Equipment Financing Work?
Interest Rates for Equipment Financing
More Detail on the Benefits of Equipment Financing
Equipment financing is one of the most popular loan options. It is used by many small businesses as well as Fortune 500 Companies. Let’s take a closer look at why equipment financing is so popular:
Unlike most traditional loan types and financial institutions, you may be able to arrange 100 percent financing of your new equipment (no down payment).
Equipment financing often enables you to acquire more and better equipment than you could have without financing. Certain financing programs can also allow for technology upgrades and/or replacements within the term of the lease or financing term.
Having new equipment generally means a fresh warranty and service contract. New equipment can also save your company thousands in costly repair bills.
When done correctly over the proper term, equipment financing can help your company run more efficiently with less downtime due to old or outdated equipment.
Frequently Asked Questions
No matter what industry you’re in, we understand that you need equipment for your business. With a friendly, custom-tailored approach for your unique business, we deliver the equipment financing you need.
Qualifying for equipment financing can actually be easier than SBA loans or other business financing options because the lender uses the equipment as collateral.
Equipment financing helps you scale your business without depleting your cash reserves. Plus, the eligibility requirements are easier to qualify for since there’s physical collateral attached to the funding.
Yes, we do – with a guaranteed purchase option.
Many business owners find they can save money both on the cost of business equipment and taxes by financing equipment and taking the Section 179 deduction. Using the Section 179 deduction in combination with equipment financing can have added value. If your equipment qualifies, you could save money now on your taxes by deducting up to 100% of your equipment cost. You’ll also be protecting your cash reserves by making periodic payments for the equipment instead of purchasing outright. Depending on the equipment, combining financing with the Section 179 deduction could greatly help your bottom line.
An approval is usually issued in as little as 2 hours. Your dedicated Account Manager will keep you informed throughout the entire process.