Why Finance?
What Are The Benefits To You?
Equipment financing is a tool used by more than 80% of businesses to acquire capital equipment. The flexibility and low out-of-pocket costs that equipment financing affords are two major reasons so many businesses turn to this solution as a means to acquire equipment.
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Equipment financing programs can be customized to match seasonal fluctuations in cash-flow and used to cover nearly any piece of new/used equipment, across nearly every industry. Options are available for both traditional business entities, as well as for freelancers and self-employed business professionals.
Benefits of Equipment Financing​
100% Financing
Equipment allows traditional "soft costs" such as installation, freight, training, and licensing to be included in the financed amount. This helps to further reduce initial out-of-pocket costs.
Minimal Cash Outlay
Lets face it... cash is king! Equipment financing allows you use of capital generating equipment, without the huge cash outlay associated with a cash purchase. Typically, only the first and last month's payments are required at contract signing and equipment delivery. Compare this with the traditional 15%, 20%, 25%, or even more down payment requirement, or compensating balances often required by banks to initiate loans and credit lines.
Stay Current With Technology
In today's fast-paced business world, the ability to stay one-step ahead of the technology curve is a must! Equipment financing allows for some of the most flexibly equipment financing terms available, allowing your business to upgrade equipment at set intervals down the road. You'll be better able to manage cash-flow, while staying current with constantly changing technology.
Fixed Payments
Given the current economic environment,
the luxury of having long-term fixed payments can give you and
your business much needed peace of mind. Equipment financing
payments are fixed for the entire term and will not change with
constantly fluctuating interest rates.