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Tech & Equipment Funding

Want to stay current with the latest technology but need a way to manage the upfront cost? We can help you put new equipment in place without breaking the bank.

For many businesses, equipment is the lifeblood of the operation. Without earthmovers and backhoes, construction slows down. A hospital without MRI machines, heart monitors, and x-rays can’t easily diagnose patients. Commercial ovens and industrial freezers make restaurants faster and more efficient.

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You can secure a loan using your business’s real estate
or equipment assets.

If equipment needs repair or replacement, it’s not always easy to come up with the cash to make it happen. Waiting to save up funds for new equipment can severely hamper sales and service. Get what you need now with equipment financing from our brokerage team.

When buying new equipment isn’t part of your game plan, we can help you find a lease, negotiate a sale-leaseback, or get cash from the value of your existing equipment.

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Equipment Loans

Businesses of all types utilize equipment loans to bring in high-performance equipment, even if they can afford to pay for it upfront. Equipment loans not only put expensive items within reach, but they also make good financial sense.

Making on-time loan payments can improve the business’s credit. Locking in a loan rate and term helps guard against inflation. Breaking down the upfront cost into monthly payments helps businesses keep a healthy cash flow.

Partnering with a brokerage for equipment financing has significant advantages over hunting for a loan on your own. Leverage our lender network to work for you by contacting our office today.

Equipment Lease

Financing equipment with a loan is only effective if the equipment your business needs will last five years or more. If your business uses equipment that needs frequent repairs or upgrades, an equipment lease is a better option.

Under an equipment lease, you pay a monthly or quarterly fee for using the equipment. For most leases, any maintenance or replacements are provided by the owner of the equipment.

Leasing allows you to bring in equipment quickly without being locked into a long-term loan. We’ll help you explore the options to decide on a lease that fits your business needs.

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Sale-Leaseback

A sale-leaseback lets you get cash from the equipment assets you already own. If you have valuable equipment, you can sell it to a buyer that will let you keep the equipment in place.

For a leasing fee, you continue to use the equipment for your business. The new owner is responsible for maintenance and upgrades just like they would with a standard lease.

Sale-leasebacks are a great choice for businesses that need to increase their working capital quickly. When the lease is up, you could have the option to buy back the equipment, renew the lease, or surrender it.

Hard Money Loans

A hard money loan can help your business get equipment or generate cash from your current equipment. These loans get their name from the “hard assets” used to secure the loan.

As an example, if you need to buy new equipment, you can take out a hard money loan based on the value of real estate holdings. Use that money to buy the equipment now and pay off the loan over a few months or a few years.

If your business has the equipment it needs already in place, a hard money loan can help you generate working capital. Use the equipment to secure the loan and get a percentage of its value upfront to put to use elsewhere in the business.

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Advantages

When you own the property that houses your business, you have an equity asset. You can also use the value of that real estate to secure loans for other areas of your business. Discover the benefits that real estate financing has to offer by speaking to our financial team.
Get the funds to buy or lease quickly.
Generate income sooner by getting equipment in place now.
Leverage your assets to get working capital.
Secure funding based on your equipment’s value.
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F.A.Q.’s

Q. How do I get an equipment loan with bad credit?
It’s possible to finance equipment, even if your business’s credit score isn’t as high as you’d like it to be. Offering additional collateral and providing a larger down payment can entice lenders to approve your loan application. We can share more techniques to make you attractive to the right lenders. Contact us today.
Q. Should I lease or finance equipment?
The answer depends on how long you need the equipment and what your business’s overall financial picture looks like. Our brokers can help you decide which road to take when you need to bring in vital equipment.
Q. Who owns the equipment in a lease?
The buyer, or lessor, is the legal owner of the equipment. At the end of the lease, you might have the option to buy back the equipment, depending on your lessor. It’s similar to renting a house, where the true owner is the landlord although you get to occupy the home.
Q. Can you deduct leased equipment?
According to the IRS, you can deduct rental payments. However, this only works under a lease, not under a conditional sales contract. What’s the difference between a lease and a conditional sales contract? Contact our brokerage to find out more.