We specialize in
Equipment Loans
Definition: Regardless of the industry, most businesses rely on some form of equipment to keep operations running smoothly. Equipment can be anything from fleet vehicles, printing presses, and industrial freezers to supercomputers, server clusters, or expensive software programs. When that equipment breaks down, however, rapid repair or replacement can be impossible without the cash flow to cover the expense. Equipment loans mitigate this problem by providing fast cash that covers purchases, leases, refinancing, or sale-leaseback.
Overview
When it’s time to replace outdated equipment, most businesses can’t afford to shut down while old machinery is sold to generate cash for its replacement. However, traditional forms of financing can take too long to come through. With an equipment loan, the business can get fash cash that goes toward major equipment purchases.
Purchasing equipment isn’t always the answer. Ownership comes with the responsibility for repairs and upgrades. If equipment needs to be replaced often, leasing could be a better solution. When a business leases its equipment from a vendor, the vendor is normally responsible for covering these costs.
In a sale-leaseback, a business sells its existing equipment to generate cash. Then, the equipment is leased from the new owner via monthly payments. The business is still able to use its equipment but may have to relinquish it if the lease isn’t renewed.
LOAN HIGHLIGHTS
– Equipment can be accessed or leveraged through purchases, leasing, or sale-leaseback of equipment.
– Many types of equipment qualify for financing.
– Equipment financing keeps business moving when it needs to replace outdated machinery.
– Leases and sales-leasebacks generate initial cash flow paid back in regular installments.
Access Business Equipment and Technology
↓ Let us beat your dealer’s financing offer to keep your business moving
↓ Save on interest, time and monthly cost
↓ Let us be your advocate from start to finish.
Contact JBartolo Today To Get Started!
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