New Equipment

From front end loaders and haulers to code readers and supercomputers, we’ve got financing for the equipment you need. Buy, lease, or sell with a customized plan today.

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Your New Equipment Advantage

There’s no substitute for quality equipment, but high prices can put it out of reach for small businesses. That’s why we work with local and national lenders to help business owners bring in the equipment they need without breaking the bank. Buy new or used equipment to boost productivity. If you want equipment without the hassle of maintenance and repairs, consider leasing.

Our team will track down the right lender for your specific needs and advocate on your behalf for the best deal. All you need to do to get started is reach out via our short online application form. We’ll contact you with options that make sense for your goals. Got questions? Your dedicated broker will walk you through terms and conditions so you won’t be caught by surprise.

Equipment Loan

Upgrading your business’s equipment can enhance workplace productivity, efficiency, safety, and product quality. But, high-performing equipment often comes with a hefty price tag. To break that cost down into manageable payments, smart business owners look to equipment financing. Whether you’re looking at buying new or used equipment, we have the funding you need.

Buy the medical, industrial, construction, or agricultural tools that keep your business moving. Choose from short or long-term options with competitive rates. We’ll help you qualify for the loan you want, starting with a few short questions to get to know you and your business goals.

Equipment Lease

Not all equipment is built to last 10 or 20 years. Some equipment needs frequent upgrades and others wear down. Don’t get stuck with a long-term loan on equipment you’re no longer using. Instead, look at equipment leasing to get the tools you need. In most cases, regular maintenance, upgrades, and repairs are included in the leasing fee.

Lease brand new or used equipment when you have short-term needs. Use a lease equipment to try it out before buying or to stand in for equipment undergoing repairs. No matter what type of equipment you need, we can put it in your hands with affordable leasing terms.

SBA Loans

If your small business has been turned down for equipment financing in the past, you may qualify for an equipment loan backed by the Small Business Administration. The SBA works with local lenders to incentivize loans to small businesses. Use the SBA 7(a) or SBA 504 to get the equipment you need.

To qualify for an SBA loan, you must be a for-profit business in the United States with less than $15M in net worth. For a 7(a) loan, the SBA guarantees up to 85% of loans up to $150,000 and 75% above $150,000. The 504 can give you up to $5M for major assets like heavy-duty equipment and vehicles.

Sale-Leaseback

A sale-leaseback is for businesses that have equipment but need more working capital. The business sells their equipment to a lender that lets the equipment stay in operation for a monthly charge. It continues to perform for the business and the business gets cash for the sale. After the sale, a sale-leaseback works like a standard lease.

At the end of the lease, you may have the option to buy back your equipment, upgrade it, or renew the lease for another term. A sale-leaseback is a flexible way to get cash from your assets without having to let them go. If you need to take care of unexpected expenses but don’t want to say goodbye to your equipment assets, we have the answers you need.

Advantages:

Boost your company’s productivity with new or upgraded equipment today. We’ll help you match your equipment needs with the best financing available. Buy or lease new vehicles, ovens, scanners, and computers with ease with a loan from our network of reliable lenders. Contact our professional team to get started.

Get the equipment you need right away

Flexible buying and leasing options

Finance short or long-term equipment

Get financed, even if you’ve been turned down before

F.A.Q.’s

Frequently Asked Questions

We’re available for you any time you need adaptive, innovative financial solutions for your small business. Find out what we can do for you today.

Q. Should I lease or buy equipment?

Equipment loans and leases can both help you get the tools you need to run your business. Determining which is right for you will depend on your business goals and the type of equipment you want. As a general rule, you should buy equipment expected to last 10 years or more and lease equipment for shorter periods.

Q. Can I get an SBA loan if I’ve been turned down from other lenders?

Yes, you can. In fact, to qualify for an equipment loan through the SBA, you must have tried other financing options first. To find out if your business is eligible, reach out to our SBA loan experts.

Q. How much does it cost to lease equipment?

The answer depends on the type of equipment you’re leasing, how long you want to lease it, and your credit history. Tell us about your equipment needs and we’ll find a low-cost lease that fits.

Q. What is the interest rate on an equipment loan?

Rates vary by lender. Some rates are as low as 8% and others can be as high as 30%, depending on the terms of the loan. We can help you qualify for a low interest rate on your equipment loan. Get in touch through our contact form or give us a call!