Prefer not to take on debt for the equipment your business needs? Choose a lease and start benefiting straight away
Equipment leasing is similar to a loan, however, the lender is the owner of the equipment and the business pays lease (or rent) payments to the owner of the equipment over an agreed upon term. Leasing differs from a loan in that it does not appear on your company balance sheet and the lease payments are deductible expenses on the income statement.
Leases can provide much needed flexibility and can be structured depending on the cash flow cycle of your business.
For most lease programs, the business owner can write off the entire lease payment as a business expense, not just the interest paid. This means the entire amount paid for the equipment can be written off by deducting the monthly lease payments on the annual tax filing.
Keep the business operating efficiently or meet increasing demand with the newest and most efficient tools.
Depending on the size of the equipment purchase; usually under $200,000 can be very quick and easy. Small ticket items are driven by the type and value of the equipment, as well as the credit quality of the business, usually resulting in a 24 to 48 hour application process.
Disclaimer: Swoop Funding LLC (“Swoop”) is a financial technology platform and commercial finance broker, not a lender. Swoop does not provide loans or make credit decisions. We match US-based firms with third-party lenders, equity funds, and grant agencies. All financing is subject to lender credit approval and the specific terms and conditions of the funding provider.
Broker Compensation Disclosure: Swoop provides its platform and matching services to applicants at no direct cost. We receive compensation in the form of a commission or referral fee from the finance providers in our network upon successful placement. This compensation may vary by provider and product. In certain instances, the commission paid to Swoop may influence the interest rate or terms offered by the lender, which can affect the total amount payable under your agreement.
Credit Authorization & FCRA Notice: By submitting an application or registering an account, you provide “written instructions” to Swoop under the Fair Credit Reporting Act (FCRA) to obtain your personal and/or business credit profile from consumer reporting agencies. This information is used solely to evaluate your eligibility for financing and to match you with appropriate lenders in our network.
State-Specific Disclosures:
Florida & Utah: Swoop complies with state commercial financing disclosure laws regarding the transparency of terms for non-real estate secured commercial transactions.
Entity Information: Swoop Funding LLC is a Delaware limited liability company. US Headquarters: 43 W 23rd St, New York, NY 10010, United States. Contact: hello@swoopfunding.com
General Terms: Applicants must be 18 years of age or older. All firms must be registered and operating within the United States. SBA loans are issued by private lenders and guaranteed by the U.S. Small Business Administration; Swoop is not a government agency. Please review our Terms of Use and Privacy Policy for full details.
If you have a complaint, please refer to our Complaints Policy.
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