Equipment Financing

The Difference Between Equipment Financing and Traditional Financing

Equipment Financing Traditional Loans
Same-day Credit Approval Yes No
Ability to Finance Used Equipment Yes No
No Down Payment Yes No
Tax Benefits Yes No
No Additional Collateral is Needed Yes No
Soft Cost can be Financed (Installation and Delivery) Yes No
Funding within 24-72 hours Yes No
Application Only Programs Yes No
Limited Fees and Cost Yes No
Financing Troubled Credit Yes No
Payment Deferrals Yes No
Ability to Maintain Credit Lines Yes No
100% Financing Yes No
24 Hour Approvals Yes No
2-5 Year Terms (up to 84 months in some cases) Yes No
Doesn’t add additional personal debt (Report to business bureaus only) Yes No

Types of Equipment We Finance

Below is a brief overview of some of the industries/types of equipment we finance.  However, we can provide equipment financing solutions for virtually all types of equipment.

  • Heavy Machinery
  • Medical
  • Manufacturing
  • Welding/Medal Fabrication
  • Signage
  • Information Technology
  • Landscaping Equipment
  • Waste Removal
  • Trucking
  • Vending
  • Surveillance/Security
  • Logging Equipment
  • CNC Equipment
  • Agricultural Equipment

Not Just a Number

Unlike other financing options and finance companies.  We do not look at your credit score exclusively when making a credit decision.  We look at your overall credit history, business credit, time in business, years of experiences, payment history, and other considerations.

Interest Rate?!?!

Equipment financing is different than other types of financing.  The payments are not comprised of principle and interest.  Instead, monthly payments are based upon monthly payment factors (which are based upon risk).  The financing charges are built directly into the payment which is determined on a case-by-case basis.  The monthly payments are fixed and do not fluctuate.

Early Payoffs?

Early payoff is based upon the remaining stream of payments discounted at nominal percentage.  You can always pay more than the monthly payment.  This will be applied to the outstanding balance of the agreement.