Equipment Financing

78% of companies in the United States finance equipment for their business.  This includes equipment loans, equipment leasing and business lines of credit (not including credit cards).  But how do you know which option is best for you?  It's important for the finance company to ask questions, understand how the equipment will help your business, and then help educate you so you can make the best decision when it comes to financing that purchase.

Vendor Programs

If you sell equipment, you know cash isn't always an option for the customer.  Some companies simply may not have the cash to pay for a piece of equipment that costs thousands of dollars, while other companies may have the cash but may wish to finance for tax purposes.  Whatever the reason, having a finance partner on your team can be helpful to both of you.  You still get paid in full for the equipment and your customer makes monthly payments over a set term.

Working Capital

Small business loans, merchant cash advance, collateral loans, short term business loans: with so many options, how do you know which one is right for you?  It can become overwhelming when trying to find the best form of working capital for your business.  A good finance partner will help by discussing your needs with you, learn about your business and filter out the programs that won't work for you.  They then show you the programs that can work for you.


Did You Know?

You may be eligible for a tax deduction when you purchase equipment this year.  When you combine either an equipment lease or an equipment finance agreement with a Section 179 deduction, the taxes you save with the deduction will almost always exceed your cash outlay for the year.  This can be extremely beneficial when you purchase equipment, vehicles and/or software for your business.

Start-up Companies

Some equipment finance companies refuse to work with any business who has less than two years time in business, also known as a "start-up".  The reason being, start-ups have a high failure rate, making them sometimes difficult to get approved.  If the start-up is able to get approved for equipment financing, the rates will likely be through the roof, which could scare the customer off, resulting in a huge waste of time for the finance company.  That's why it's important to speak with a finance company who frequently works with start-ups, can help you understand your options as a high-risk business, and help you figure out if the higher payments can be off-set by higher earnings.  The bottom line is this... no finance company should help you finance equipment for your new business if the business is going to make less than the monthly payment.


We Would Love to Work With You

If you think we may be a good fit for you and your equipment financing needs, call us at 888-224-9940 or email us via the Contact Us button on this page.