New Financing Programs
Oct 15th
The latest in the line of offering solutions for your business, we have added property, or asset backed lending as well. This opens up so many possibilities that bridge the needs that banks and other lenders cannot provide. Funding to 60 months. Funds from $25k - $6M.
The latest in the line of offering solutions for your business, we have added property, or asset backed lending as well. This opens up so many possibilities that bridge the needs that banks and other lenders cannot provide. Funding to 60 months. Funds from $25k - $6M.
Latest Blog Post
Oct 13th
Buying and Financing New Equipment. There’s a good chance that you rely on equipment of some sort to do your job. If you’re in construction, you need cranes and trucks. If you’re a dentist you need X-ray machines. If you own a restaurant, you need commercial ovens and refrigerators. If you own a gas station, you need gas pumps and coolers for drinks and snacks. Equipment is required to run a business. But where does this money come from?
Financing Business Equipment. Consider various factors, but in general, many businesses use the ability to earn money and pay off their equipment in their normal operations. For many businesses, paying cash for all equipment isnt a viable option to match their growth and operational goals.
How to Finance Business Equipment Financing happens through financial institutions like banks or investment groups. In the typical financing process, you first have to figure out what your equipment needs are. Think of best case and worst case scenario. What is required to generate the most revenue- then figure out what will be the best return on investment. You will need to approach your loan broker, potential investor or financial institution with a total investment, and a business plan to demonstrate repayment. If you’re an established business looking to finance repairs, maintenance or updating, the process is more or less the same. You might not be looking at purchasing brand new equipment, but you will still need an idea of how much money you need to make the repairs or updates your business requires. A required step will be to demonstrate with past history or future contract that the business can support the additional payment.
I have tried but have not qualified. If your first stop is a bank and you are rejected on an application for an equipment loan, the game’s not up. In fact, banks are more limited now than they ever have been on the criteria businesses must meet to receive a loan. Your business has many needs, we have had many successful opportunities to help companies get equipment and expand.
Financing Business Equipment. Consider various factors, but in general, many businesses use the ability to earn money and pay off their equipment in their normal operations. For many businesses, paying cash for all equipment isnt a viable option to match their growth and operational goals.
How to Finance Business Equipment Financing happens through financial institutions like banks or investment groups. In the typical financing process, you first have to figure out what your equipment needs are. Think of best case and worst case scenario. What is required to generate the most revenue- then figure out what will be the best return on investment. You will need to approach your loan broker, potential investor or financial institution with a total investment, and a business plan to demonstrate repayment. If you’re an established business looking to finance repairs, maintenance or updating, the process is more or less the same. You might not be looking at purchasing brand new equipment, but you will still need an idea of how much money you need to make the repairs or updates your business requires. A required step will be to demonstrate with past history or future contract that the business can support the additional payment.
I have tried but have not qualified. If your first stop is a bank and you are rejected on an application for an equipment loan, the game’s not up. In fact, banks are more limited now than they ever have been on the criteria businesses must meet to receive a loan. Your business has many needs, we have had many successful opportunities to help companies get equipment and expand.