Equipment Finance Simplified
When a critical piece of equipment fails, becomes outdated or you simply need more resources to support your growing business, the costs can add up — and quickly.
Through equipment financing, you can secure the tools you need without depleting your cash reserves.
100% of equipment value
Starting at 8%
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 up to $150,000 in funding for financing your new or used business equipment. With our Lowest Payment Guarantee and no down payment requirement, we cost you less. 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.
Loan vs. Lease: Which Type of Equipment Financing Program is Right For You?
Equipment financing is right for businesses that have an opportunity to grow through the acquisition of a certain resource or tool. But the question remains: Should you lease or buy your business equipment? The route you choose will determine how you finance the purchase.
When deciding if you should purchase or lease your business equipment, consider the following:
- How long will you need the equipment?
- What is your business’s current financial situation?
- Will the equipment become quickly outdated?
- Will you be able to maintain the equipment on your own?
Business equipment loans are used to procure equipment you want to own. Durable machines such as cash registers, refrigerators or commercial manufacturing tools — materials you plan to use for 3 years or more — are great examples of items you can get with an equipment loan.
You should consider leasing business equipment if the item you plan to finance will become outdated quickly, such as medical diagnostic tools, if you’re not in a position to provide a down payment or you will only need the equipment for a short amount of time or for a one-time project.
Customers who pay with cash will avoid the service fee, while customers who utilize all other forms of payment will be subject to a service fee. Our technology facilitates this and complies with regulations and guidelines per all major credit card brands.