Equipment Financing
Equipment financing or asset-based financing is a more
conventional way to finance your big and expensive
equipment needs which will allow you to grow the business
or make it more efficient by increasing profits.
Equipment financing is always considered in these
situations where the cost of the equipment far exceeds the
monthly revenue. Due to its conventional nature, equipment
financing is usually better for a business owner with a
mature business who has great to excellent credit. This
would be the best route to go when an equipment does not
impact revenue right away but instead builds revenue over
time. Which is why the terms on these loans will be from 3
to 5 years and rate can be as low as single digit
rates.
If you are in an industry where an equipment investment
could start impacting your revenue right away by
increasing it, we normally would recommend that you read
about "Revenue based Financing" or fill out the
questionnaire to receive a call from one of our experts
who can advise on the best route to pursue.