What is Equipment
financing?
Businesses utilize equipment financing to purchase business-related equipment. Obtaining these assets can be through equipment leasing or equipment financing, which doesn't require businesses to pay out of pocket large amounts of cash. Ultimately freeing up working capital within the business. Equipment Financing is based on the value of equipment and the business's affordability.
How to Finance Heavy Equipment
About
Businesses utilize equipment financing to purchase business-related equipment. Obtaining these assets can be through equipment leasing or equipment financing, which doesn't require businesses to pay out of pocket large amounts of cash. Ultimately freeing up working capital within the business. Equipment Financing is based on the value of equipment and the business's affordability.
Benefits
Monthly payments
Multi-year
Longer terms
Low or NO down payment
Tax benefits (section179)
Qualification
No minimum time in business
580+ FICO score
No minimum in annual gross revenue
LOAN AMOUNTS: $10,000 - $5 Million
TERMS: 1 - 5 Years
FUNDING: 1 - 5 Days
What is an SBA 504 loan?
The SBA 504 loan primarily intends businesses to purchase real estate, machinery, or other fixed assets. It promotes economic development and job creation by offering businesses long-term, fixed-rate financing. This program is especially beneficial for businesses looking to: