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Everything You Need To Know About Equipment Financing.
Equip your mission; Conquer your market.
Acquire new or used equipment you need quickly, and keep your business running smoothly, without the financial burden. Requiring little to no money out-of-pocket, Equipment Financing allows you to protect your business' cash reserves by spreading out the cost of the overtime, with predictable, manageable monthly payments.
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Best Uses For Equipment Financing.
Equipment Financing is an easy and affordable way for business owners to secure the often expensive equipment that is needed to run their business', without putting the financial burden on their bank accounts.
Purchase Equipment
Acquire machinery or equipment
to replace outdated systems or operational process.
Repair Equipment
Maintain a smooth operation by repairing all damaged or broken
essential equipment.
Replace Equipment
Avoid obsolescence and swap out your existing equipment with new, state-of-the-art technology.
Upgrade Equipment
Stay current with modifications or new additions made to your existing equipment or machinery.
Unsure if it's a fit? Check out the Product Use Case Evaluation for more guidance,
or schedule a complementary Funding Consultation to go over your specific needs.
Unique Features Of Equipment Financing.
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Preservation Of Capital
Spread the acquisition cost out over time with manageable monthly payments, allowing you to conserve cash reserves for operations, unforeseen expenses, or strategic initiatives.
Build Business Credit
Establish a trade line, and by making timely payments, you have the opportunity to establish or build your business credit, and open doors for future financing opportunities.
Tax Incentives
The IRS Section 179 tax deduction caters to equipment purchase, allowing businesses to deduct the full cost of eligible equipment financed during the same tax year.
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Build Equity
Build equity with minimal to no out of pocket cost, affordable monthly payments, and full ownership upon payoff, which you can leverage as collateral for future financing, or sell for profit.
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Learn more about Section 179.
Get the Required Document Checklist.
Qualifying For A Equipment Financing.
These requirements are a general rule of thumb, but by no means, are they set in stone. Certain exceptions can be made, depending on the circumstances. If you're unsure if you qualify, contact us for personalized assessment.
Minimum Revenue
Minimum of $25,000 average monthly revenue
Minimum Time in Business
Minimum time in business of
2 years or longer
Minimum Credit Score
Minimum personal credit score of 650 or higher
Clean Credit History
No recent charge-offs or accounts in collections
Ready To Get Started?
Applying for a Equipment Financing is easy. Just complete your 1-page application and we'll take of the heavy lifting. Then in just a few hours, you'll be getting a phone call to review your approval terms. And by the end of today, you can have the funds cleared in your bank account, ready for use.
Giving businesses the gear to get ahead.
Or continue exploring your funding options.
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