Equipment financing

Finance the purchase of expensive equipment to spread the cost over a period & reduce the strain on your cashflow

Upgrading or replacing equipment your business needs quickly and economically is very important in order to keep the business operating efficiently or to meet increasing demand. Any tangible asset other than property used in the operation of a business may be considered business equipment.

Purchasing the equipment outright can put a substantial strain on your cash flow so many businesses choose to finance expensive equipment to spread the cost over the useful life of the asset in order to make it more accessible. Other times, the business will want to use the capital to invest in other areas. Most of the time, the equipment itself is used as collateral for the loan.

Eligiblity

US corporations

Deposit

0-25%

Term

Typically 5 years

Purpose

Purchase new or used equipment

Speed

From 48 hours

Why equipment financing?

Maintain your working capital

Purchasing the equipment outright can put a substantial strain on your cash flow. Spread the cost of the equipment over the useful life of the asset in order to make it more accessible and retain your working capital for other expenses.

Stay efficient

Keep the business operating efficiently or meet increasing demand with the newest and most efficient tools.

Tax benefits

With each payment there is interest paid. For most equipment financing terms, the interest paid on the financing payments can be written off as tax deductible.

How equipment financing works

Did you know?

You can usually borrow up to 100% of the value of the equipment, but the amount may vary depending on the type and condition of the equipment, as well as the lender and your qualifications as a business

Don’t waste time, there’s plenty of funding and saving solutions to help your business grow

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