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Equipment & Lease Financing

Get the job done right with equipment financing to access the right tools and technologies. If you need to upgrade your business’s equipment or want more working capital, we help you choose the right financial instrument to take the next step.

Access the technologies to increase productivity, break down barriers to production and perform at the top of your game.

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1 (408) 451-3993

01. Overview

02. Advantages
03. FAQ’s

04. Contact

Why Go Anywhere Else With Your Deals?

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TIER I Guidelines

  • Application up to $300K
  • 675+ FICO Score
  • Terms Up to 72 Months
  • $10K Average Bank Balance
  • 3+ Years Time in Business
  • No Law Suits or Judgements
  • No Liens or Bankruptcies
  • No Paynet Scoring
  • Attractive Early Payoff Options
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TIER 2 Guidelines*

  • Application only up to$150K
  • 600+ FICO Score •
  • Terms Up to 72 Months
  • 2+ YearsTime in Business
  • No Open Liens, Judgements
  • No Bankruptcies

*Additional hard collateral considered for non-qualified applicants

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TIER 3 Guidelines*

  • Application only up to $75K
  • 600 or Below FICOScore
  • Terms Up to 60 Months •
  • 2+ YearsTime in Business

*TIER III Credit Program is for transactions that fall outside ourTier I and II Programs, yet are deals that “makesense”

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OTR – Over-The-Road Tucking Program Guidelines

Qualify For Tier 1:

  • Verified Minimum of 10 Trucks in Fleet
  • $25k+ Average Bank Balance
  • 5+ Years Time In Business
  • Must qualify for TIER I credit conditions
  • Required 3 months bank statements

Qualify For Tier 2:

  • Verified Minimum of 1 Truck in Fleet
  • $10k+ Average Bank Balance
  • 2+ Years Time In Business
  • Must qualify for TIER II credit conditions
  • Required 3 months bank statements

Increase performance with the latest equipment

Equipment financing can help your business achieve two very important goals: onboard new equipment and generate working capital. Use an equipment loan to break the high price of tractors, commercial & construction vehicles, and medical equipment into manageable payments.

 

  • Easier Qualification Than a Bank
  • Quick Approvals to Start Off, Immediately
  • Easy & Simple Online Application
  • No Collateral Needed
  • Flexible Terms

Financing Options

Equipment Loans

Purchase equipment without creating a dent in your working capital with equipment loans.

Lease Equipment

For businesses that upgrade regularly, a lease may be the best option to give you access to the latest technologies.

Sale Leaseback

Sell existing equipment and lease it back for ongoing use in your operations. Get a quick cash infusion.

Equipment Leasing

 If you need to expand your fleet, bring on extra gear to fulfill a fixed contract, or aren’t ready to commit to an asset, leasing is an excellent option. When you lease, upgrades and maintenance responsibilities belong to the lender.

If you have the right equipment already in place, leverage its value to bring cash into other areas of your business. A sales-leaseback allows you to sell your equipment for a lump sum. Get the cash, and retain access to the equipment for business purposes under a leasing agreement.

Advantages of Equipment Financing

  • Put equipment to use right away.
  • Secure a loan for reduced interest rates.
  • Refinance to free up working capital.
  • Many loan options available.

Frequently Asked Questions

When is Equipment Financing not a good fit?
If the equipment you use has an expected life of five years or less, it may not be the best asset to finance. Don’t get stuck paying a loan for equipment that’s no longer in use. To explore other short or long-term financing options, contact our professional staff.
How much can I borrow?
There are many different types of equipment and many types of equipment loans. In some cases, you can get as much as 100% of the value of your equipment. Our lenders use fair market values and credit history to make LTV decisions.
Can I finance software?
Depending on the value of the software, lenders will offer financing for it. Pricy programs like Unreal Engine, VxWorks, Adobe Acrobat Capture, and AutoCAD do qualify for equipment financing. We’ll be happy to discuss your business’s software needs today.
What is the average interest rate for Equipment Financing?
That depends a lot on your credit history and the type of equipment you’re financing. Rates can range from 4% to 13%. If you have a target rate in mind, we’ll help you find a loan that matches.

Submission Requirements

Up to $300K

App Only

  • Signed Credit Application
  • Equipment Invoice
  • 3 Months Full Bank Statements

$300K - $500K

Light Financials

  • Same as APP ONLY requirements
  • One Year Financial Statements (Business and Personal)
  • Current Year Interim Financial Statements
  • Personal Financial Statement
  • Debt Schedule
  • Equipment/Purchase Justification

$500K +

Full Financials

  • Same as LIGHT FINANCIALS requirements

  • Three Years Financial Statements (Business and Personal)

  • Three Years Tax Returns

Additional
Questions?

For more information, contact one of our friendly and knowledgeable financing experts today. Give us a call at:

(408) 451-3993

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