EQUIPMENT FINANCING
EQUIPMENT LEASE FINANCING
Equipment loans allow you to finance the equipment your company needs to gain more business. This allows you to get ownership of your equipment today, use it to generate increasing revenue tomorrow, and then pay for the equipment with the income you generated.
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The equipment you are purchasing serves as the collateral for the loan, which makes this financial vehicle perfect for small business owners who have been denied for a business loan from another lender. We understand that many companies would be unable to deliver their products or services without this financing so we take it very seriously.
A significant benefit of equipment purchase loans is that many times – and for all non-recourse financing – there is no collateral required.
In addition to equipment loans, there tends to be much faster approvals than many other asset-based loans, allowing companies to move quickly on getting the trucks, computers, and other equipment that they need to keep their doors open.
TELL US MORE ABOUT YOUR BUSINESS FINANCIAL NEEDS
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Our team of equipment leasing specialists offer a full range of commercial lending solutions, including equipment loans, sale leaseback loans and equipment financing throughout Texas and Nationwide. Funding amounts range from $50K – $50M, with packages customized to each company’s unique needs. With approval often happening within 48 hours, our funding timeline for equipment financing is highly flexible with .
EQUIPMENT LEASING MCALLEN, TX
Leasing can be a great solution to enhance a company’s liquidity, help manage cash flow, and optimize your balance sheet.
There are variety of leasing options like; Early Buy-Out Leases, Terminal Rental Adjustment Clause (TRAC) Leases, True Lease or Fair Market Value (FMV) Leases and Rebate Leases. While it isn’t right for all businesses, leasing can have many benefits over purchasing your equipment directly.
True leases avoid any down payments by financing 100% of the equipment. Leasing also uses the equipment itself as collateral for the financing. This helps eliminate the need to put additional personal or business assets on the line.
Finally, leasing an equipment significantly decreases a company’s risk exposure to failure. Business Owners do NOT need to worry about non-functioning equipment, because when the lease ends they are not stuck with obsolete equipment that is difficult to sell.
EQUIPMENT SALE LEASEBACKS
A sale with leaseback loan could be the best financial option for companies that need to secure funding quickly. If your company owns equipment (such as vehicles, heavy machinery, manufacturing tools, and so on); then use these assets to get financing in a few days.
Searching for a buyer to purchase your equipment outright is much more difficult than securing the cash that comes through an equipment sale leaseback.
This approach allows the business owner to continue using the equipment in its daily operations, more importantly. As you sell the title to the equipment and receive immediate cash from the sale, your business still retains the full right of using the equipment through an ongoing rental agreement.
Equipment Sale Leaseback combines all the advantages of quick funding with longer terms, low payment options, and lower rates.
EQUIPMENT REFINANCING
Equipment Refinancing Loans will be calculated based on the condition and value of the equipment currently owned by a business and are commonly 12 months in length.
Refinancing equipment that is currently owned by a business can provide lower rates or better terms. In addition to refinancing equipment, you will find improved cashflow with ability to finance other projects or purchases.
With this type of financing, the equipment can only be used as collateral if the account goes into default, hence, the company still owning the equipment. As a result, they can continue using it as they normally would in the course of their business.
HARD MONEY EQUIPMENT LOANS
You many already know that a hard money loan typically lasts a few months or a few years in length and is almost always secured by real property such as equipment or machinery. While a business is waiting for long-term financing, a hard money loan is mostly acquired to provide temporary funding for the business.
Many times a hard money loan can be acquired even if money is still owed on the property or equipment. Funding is usually up to 75% of the value of owned property and can be used for most business operations including the purchase of new equipment, employee wages, inventory, and construction projects.
The Payment, for hard money loans, is usually only the interest on the loan. It includes the final balance due at the end of the term usually in the form of a balloon payment.