Category Archives for Equipment Financing

Equipment financing is a loan used for purchasing hard assets for a business. It works for businesses that can’t afford to buy expensive assets upfront. Also, if a company needs to replace its equipment frequently, it needs equipment finance or leasing to keep the business running. Leasing needs a small monthly payment over a multi-year period to use the equipment.

The Working of Equipment Financing:

Equipment finance includes a principal and interest for a fixed term. The lender may ask for a lien on the equipment to work as collateral against the loan. After the borrower pays the loan in full, the equipment becomes theirs. Sometimes, bad credit equipment financing may also need a personal guarantee or lien on additional assets. If in case, the borrower fails to repay the money in time, it can result in repossession of personal and business assets.

Benefits of Equipment Financing:

Financing the important equipment is a sensible option for any business. With this loan, the business owner will get the capital to buy an asset for long-term use. If they can pay the amount in periodic increments, the lender may agree to extend the capital. For example, medical equipment financing helps the healthcare centers to possess the latest equipment without heavy investments.

How to Get Equipment Loan?

When applying for equipment finance or lease, you may expect the following steps:
• The borrower must complete the application process for new or used equipment financing.
• They must check their credit score to anticipate the chances. The lenders use this information to decide if they can allow equipment loans for bad credit.
• Apart from credit rating, borrowers also need to make a business plan with a proposal for growth over years. It provides a comprehensive summary of operations.
• Also, prepare the right documents including the cash flow statement, personal financial statement, and a lender application.
• The lender will consider the application and will notify the approval if all conditions are met.

When looking to get an equipment loan, do the math and carefully examine the contract before signing on the dotted lines.

Equipment financing
Equipment loans
Equipment credit
Heavy Equipment leasing
Business equipment finance

The Beginner’s Guide to Semi Truck Financing

Semi Truck Financing

You’ve done it! After much hard work, you’ve decided to become your own owner/operator. But as you start to look through all the necessary steps to get going, you realize you’ll need semi truck financing. “There’s got to be a good way to do this,” you think. “But how?” If you’ve considered buying your own semi truck but need a financing guide, look no further. Below is the beginners guide to semi truck financing. Are You Interested in Semi-Truck Financing? Read More


How to Choose the Right Semi Truck for Financing

Commercial Truck Financing

You did it! After much consideration, you have decided to start your own company. But as you go through your business plan you start to wonder, “How do I choose the right semi truck financing for my company?” If you have been thinking about semi truck financing and want to learn more, read on. Are You Interested in Semi-Truck Financing? A Used Semi Truck Can Work Just as Good as New. Choose Between New or Used One of the first things you Read More


Where to Look for Medical Equipment Financing

As a busy doctor, dentist, or veterinarian, setting up a practice can be stressful. Apart from finding the right location, you also need the right medical equipment to set it up. So you think, “What kind of financing options do I have?” Well, there are various financing options available for professionals in the medical industry. Medical Equipment Financing Options  For one, you can opt for a working capital loan or business cash advance if you’ve been in business for a Read More


Kiosk POS Technology Takes Restaurants to the Next Level

Restaurant Equipment Financing

Your restaurant is doing well but you’ve been wondering about ways to take your eatery to the next level. “Is there some new tech out there can really help my business? And could I afford it through restaurant equipment financing?” If you’ve been wanting to up your restaurant game and boost business, read on to learn about Kiosk POS technology and how it could elevate your restaurant. Go Next Level Today! Kiosk POS technology could save you time and move lines Read More


Equipment Financing 101

You’ve been thinking about equipment financing lately and you’re excited to get started. But as you sit down to start Googling you realize there is a lot of information out there. “How do I make sense of all this? Should I lease? Should I finance? How do I know what’s right for me?” If you have a lot of questions about equipment financing, not to worry. Below we’re going to go over the basics of equipment financing and what you Read More


What Are My Options for Medical Equipment Financing?

Medical Equipment Financing

Your medical practice is going really well, but as you do your weekly review of the latest breakthroughs in the medical field you can’t help but think about medical equipment financing. “It might be time to upgrade,” you say to yourself. “But I don’t even know where to start. I mean, what are my options for medical equipment financing?” If you’ve been wanting to upgrade the medical equipment in your practice but don’t know your options, read on to find out Read More


Restaurant Equipment Leasing Makes Restaurant Upgrades Easy and Affordable

Restaurant Upgrades Easy and Affordable

You’ve just finished your mid-morning rush when you hear something you wish you hadn’t: The mixer is acting up again. As you look at the once working stand mixer you start to wonder if it’s time for restaurant equipment leasing. “Maybe we can finally upgrade some equipment around here,” you say. If you have a restaurant and are wondering if you can upgrade your kitchen staples, read on to learn the benefits of restaurant equipment leasing. Upgrade Your Restaurant Equipment Get Equipment With Read More


How to Get Financing for Your Business

Heavy Equipment Financing

Equipment financing is all you can think about, especially since you and your business partner just found the best location to get started. But as you think more and more about equipment financing, a question pops into your head: “How do I get equipment financing anyway? Should I just finance everything? Or rent?” If you’ve just started your own business and have questions on equipment financing, read on to learn the steps you need to take to get the equipment financing Read More


How to Avoid Restaurant Equipment Financing Scams

Equipment Financing Scams

You’ve just come home from your coffeehouse job when restaurant equipment financing pops into your head. You have to admit, the idea of restaurant equipment financing or even restaurant equipment leasing is sounding more and more appealing these days. Especially since with your own coffee shop you can build your own menu and make your own hours. But as you sit down to think about what it might take to open your own coffee house you wonder, “How do I avoid restaurant financing scams? Read More


Financing Programs for Restaurant Equipment

Restaurant Equipment Financing

Restaurant equipment financing has been on your mind lately. Especially since everyone at your last dinner party couldn’t stop gushing about the food. One guest even refused to leave until they had the recipe. But as you think more about opening a restaurant of your own you realize that you don’t know a thing about restaurant equipment financing, or the rates you can expect when you borrow. Well, you’re in luck. In this post, we’re going to explore all the possible ways an Read More