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

How to Get Funding for Restaurant Expansion

Restaurant Expansion Financing

Funding for Restaurant Expansion Business must be good if you’re seeking funding for expanding your restaurant, so congratulations on your success! We’re excited to help you keep growing. When looking for a business loan, it’s important to get familiar with your options – and you have quite a few choices! It’s easy to get overwhelmed at this stage, but don’t worry – we’re here to help. First Capital Business Finance offers a wide variety of programs, from equipment leasing and Read More


Can I get heavy equipment financing with bad credit?

Bad Credit Equipment Financing

Heavy equipment financing with bad credit: does it exist? Yes! Is heavy equipment financing with bad credit affordable? Absolutely. Most business owners, at some point or another, need heavy equipment to start their business or need upgraded equipment to continue growing and improve their service quality. Do any of these sound like you? You’re ready to start your trucking business, and you have everything you need except one thing: a truck. Buying a new semi truck isn’t exactly cost-friendly, and you Read More


What Medical Equipment Financing Rates Can I Expect?

Medical Equipment Financing Rates

Your general medical practice is booming. You’re booking so many new patients you may have to expand! So now you’re wondering, “What medical equipment financing rates can I expect?” If you’re looking to expand your general medical practice or are just starting up, First Capital Business Finance can help. Read to learn about medical financing rates and what to consider when shopping around. Find Out What Your Medical Equipment Financing Rates Could Be! Figure out what equipment you need and research where Read More


Financing a Semi Truck Without a CDL

Financing a Semi Truck Without a CDL

Lately we’ve been receiving more and more calls from first-time semi truck buyers looking to finance a class 8 truck (semi-truck/tractor trailer) that do not hold a CDL (commercial driver’s license). Our industry refers to these type of buyers as “investor buyers.” As you might have guessed, there are some programs available for non-CDL business owners. Later in this post we’ll discuss the available programs and what to expect when trying to finance a Class 8 truck without a CDL. Read More


Box Truck & Sprinter Van Financing Made Easy

If you’ve been wondering how to finance a box truck for your transportation business, you can rest assured you’ve found the right place! At First Capital, we offer a wide variety of financing programs for box trucks, sprinter vans, step vans as well as any other commercial vehicle. Don’t worry – even if you are just starting your business and/or you might have challenging credit, we have programs that can get you the financing! There are several pre-qualifying questions we Read More


How to Get Cement Silo Financing

Cement Silo Financing

If you’ve been in the construction business a while you might be wondering about cement silos and if Cement Silo Financing is right for you. Before we talk about how to get cement silo financing, let’s first look at the different types of silos available. Are You Interested in Cement Silo Financing There are several types of cement silos to suit your needs. Different Types Are Available There are several types of silos available. The main three types we’ll be talking about Read More


How Section 179 Could Save You Money

Equipment Financing

If you’ve been in business awhile you may have some questions on tax code Section 179 and how it can help your business. In this post, we’re going explain everything a small business owner like yourself needs to know about Section 179 and what it can do for you. Are You Looking For Equipment Financing? Section 179 gives you a chance to invest in yourself and get the funds they need. It’s An Investment In Yourself There’s a reason many people get Read More


Get Grapple Boom Truck Financing with First Capital!

Grapple Boom Truck Financing

Have you rented grapple boom trucks in the past and want to know if you can buy? Do you have questions about grapple boom truck financing and wonder whether your credit is an issue? If you have these questions and more, don’t worry. First Capital Business Finance is here to help. Call Us Today about Grapple Boom Truck Financing Why Finance a Grapple Boom Truck? One question you no doubt have is why finance? If renting grapple boom trucks has worked for you in the past, financing one might seem unnecessary. This is Read More


How to Get Restaurant Financing

restaurant financing

Restaurant financing can be an issue, and unless you’re a well-established chef with extra cash laying around, you’re going to need help with your finances. Today, a lot of chefs dream of opening their own unique restaurants to share their take on food with the rest of the world. No matter your credit score or financial situation, First Capital Business Finance is here for you. First Capital offers programs for everyone, from excellent credit to bad credit. Even if you have Read More


Ritche Bros Auctions Heavy Equipment

heavy equipment financing

Heavy equipment financing is a great way to get your business the equipment it needs to complete jobs and grow.  Once you contacted us at to get the heavy equipment financing to buy, you may be wondering where to buy from. Ritchie Bros may have the answer. Get Heavy Equipment Financing Today! Ritchie Bros. Hosts Impressive 6 Day Auction This past February Ritchie Bros held their premier annual auction. It lasted from 19th-24th.  The Vancouver, B.C. based industrial auctioneer sold a Read More