Working Capital Loans
Provides equipment on credit or cash on equipment
Equipment financing or lease buyback are funding methods that are used by both buyers and sellers to acquire or dispose of new or used equipments either on a short or long-term basis, generally without significant cash outlay.
How does it work?
When a business needs equipment, they usually acquire it in one of three ways: Buy it outright with company funds, borrow funds to buy it or lease it. If you need equipment but do not have sufficient funds or credit to buy it, or maybe you simply would like to hang on to your cash or raise additional working capital, our equipment financing and lease buy-back might be a good option for you. It is easy to get started.
Step 1) Complete and submit a lease or buyback application.
Step 2) Our representative will contact you to discuss your application and finance options.
Step 3) If approved, arrangements will be finalized to obtain and deliver your equipment or funds.
Costs and benefits:
In order to decide which of the option is best for you –to lease, buy, or borrow, it helps to know the costs and benefits of each option.
When you buy equipment, you own it outright. Unfortunately, you also own all the risks of loss, damage, repair, depreciation and being out of date. However, with leasing you not only can transfer these risks, you will have greater flexibility to upgrade and be current with technology. When you purchase equipment outright, you may not have such protections and it may even be costlier in the long-run.
Leasing will allow you to maintain a stable cash position even as you acquire new equipments to enhance production capabilities. It will also allow you to conserve and build up lines of credit. There could even be enormous tax benefits as well. Surveys have shown that 8 out of 10 businesses lease all or some of their equipments. Leasing is one of the most widely used forms of asset-based financing and acquisition..
To finance or lease your equipment, please complete and submit an equipment finance/lease buyback application along with the appropriate information or call us at 866-717-2274.