EquipCash
Application Only up to $500,000
*Funding in 24 Hours
Up to $10 Million
Lowest Rates
New & Used Equipment
Sale Leaseback
App Only to $500K
100% Financing
Start Ups
Marginal Credit
Working Capital
* with approved credits
Why is financing a good idea?
- Start Making Cash Immediately
- No or Little Cash Down
- Make Profit Now, then pay for the equipment
- Upgrade Equipment and avoid technologically falling behind
- Conserve Your Working Capital
- Immediate Tax Benefit
Financing Rather than Cash
Cash Flow Management: Financing allows you to preserve your cash flow, enabling you to allocate funds for other essential business needs or investments.
Leverage: By financing, you can leverage borrowed funds to acquire equipment that can generate income or improve efficiency, potentially providing a return on investment greater than the cost of financing.
Tax Benefits: Depending on your location and the type of financing, you may be able to deduct interest payments on loans, which can lower your overall tax liability.
Access to Better Equipment: Financing can enable you to acquire higher-quality or more advanced equipment that you might not be able to afford outright, improving your business capabilities.
Fixed Payments: Many financing options come with fixed monthly payments, making it easier to budget and predict expenses.
Preserving Credit Lines: By financing, you can keep your cash reserves intact and maintain flexibility for other financing needs, such as lines of credit.
Opportunity Cost: Using cash for equipment means that money is tied up and can’t be used for other investments or growth opportunities that might offer higher returns.
Ultimately, the best choice depends on your specific financial situation, business needs, and the terms of the financing available.
Banks vs EquipCash
Application Process
Traditional banks may have a rigorous application process that requires comprehensive documentation. EquipCash offers a more streamlined online application process.
Collateral
Equipment lenders often use the equipment being purchased as collateral for the loan.
Payment terms
Banks, credit unions, and online lenders may have rigid payment structures and terms. Equipment loans are term loans with amortized payment terms.
Approval time
Banks may take a significant amount of time to process an equipment loan application and fund the transaction. EquipCash offers fast approvals and same-day funding.
Down payment
Some lenders may finance up to 100%, meaning you won’t be required to make a down payment.
Specialization
Banks are generalists that offer a range of services, while equipment finance companies specialize in commercial lending for equipment.
Advantages:
Preservation of capital: Leasing or financing equipment can help businesses keep their capital for other important expenses, such as hiring, marketing, and expansion.
Improved cash flow: Leasing or financing equipment can help businesses maintain a healthy cash flow by avoiding large upfront equipment costs.
Flexibility: Leasing or financing equipment can provide businesses with flexibility in terms of equipment usage and upgrades.
Tax benefits: Leasing or financing equipment can provide businesses with tax benefits, such as depreciation deductions.
Lower interest rates: Leasing or financing equipment can provide businesses with lower interest rates compared to traditional business loans.
Equipment upgrades: Leasing or financing equipment can provide businesses with the ability to upgrade their equipment more frequently.
Improved efficiency: Leasing or financing equipment can provide businesses with access to high-quality equipment, boosting efficiency and customer satisfaction.
Corp Only Financing...
No Personal Guarantee Needed
Minimum Qualifications:
- $10K to $250K application only
- 5 years TIB preferred
- (2 yrs for some)
- Paynet Masterscore of 680+
- No Outstanding liens or judgements
- No titled equipment
Examples of The Most Common Equipment Leased
Computers & laptops
Diagnostic tools
Telecom gadgets
Copiers
Construction equipment
Farm equipment
Medical & Dental Equip
Office Equipment
Communication Tech
Software
Security cameras
Tools
Vehicles
Audio & visual equip
Security equipment
Gaming equipment
Networking equipment
Storage equipment
Printing equipment
Point-of-sale equipment
Robotics equipment
Virtualization equipment
Data center equipment
Medical Imaging Equip
Laboratory equipment
Gym Equipment
Aviation equipment
Energy equipment
Mining equipment
Transportation equipment
Environmental equipment
Entertainment equipment
Furniture
Retail equipment
Food service equipment
Hospitality equipment
Restaurant Equipment
HVAC systems
Generators
Water treatment systems
Solar panels
Broadcasting equipment
Wind turbines
Excavators
Bulldozers
Cranes
Scientific equipment
Trucks
Trailer
