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Financing Information
Equipment Financing Options Each customer has a unique profile and financial need. For that reason we offer many financing programs to fit almost every situation. We can structure the following programs: Equipment Loan: An equipment loan is used to purchase business equipment that is secured by the asset itself. The customer repays the amount borrowed with interest over a specific period of time. Equipment Finance Agreement (EFA): Is like a loan, security agreement, and a promissory note all packaged together in a single document. This features make EFA one of the most popular and versatile equipment financing options. The business will record the asset on its balance sheet and depreciate it over its useful life. the lease payments are allocated between interest expense and principal reduction, and the the interest portion is tax-deductible. Fair Market Value (FMV): This lease allows our customers to obtain the equipment they need to run their businesses for a designated number of months. At the end of the lease term, our customer may purchase the equipment for its fair market value, or, depending on his credit status, continue to lease the asset or return it and upgrade to a new unit. |
Buying a truck? We can help!
Do you already own equipment?
Unlock significant capital for your company using the equipment that you already own. We can structure working capital loans using the assets of your company. The assets must have an active, proven secondary market and a Liquidation Value of at least $20,000 per asset. Potential collateral could be:
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