Equipment Financing
Equipment Financing
Equipment Purchase
Equipment purchase loans finance the equipment your company needs to do business. This allows you to obtain ownership of your equipment and pay for it with the income you generate. Many companies would be unable to deliver their products or services without this financing.
A significant benefit of purchase loans is that many times there is no collateral required. The equipment you are purchasing serves as collateral for the loan, which makes them the perfect financing option for small business owners who have been denied a loan before. These loans tend to be much faster than many other asset-based loans, allowing companies to move quickly on getting the trucks, computers, and equipment they need to keep their doors open.
Equipment Leasing
Leasing is a great solution to enhancing a company’s liquidity, helping them manage cash flow, and optimize their balance sheet. We offer a variety of leasing options, from True Lease or Fair Market Value (FMV) Leases and Early Buy-Out Leases to Terminal Rental Adjustment Clause (TRAC) Leases and Rebate Leases.
While it isn’t right for every business, leasing can have a number of benefits. True leases avoid any down payments by financing 100% of the equipment, while also using the equipment itself as collateral for the financing, thereby eliminating the need to put additional personal or business assets on the line. Finally, leasing significantly decreases a company’s risk exposure by no longer requiring businesses to worry about non-functioning equipment, or being stuck with obsolete equipment that is difficult to sell.
Equipment Sale-Leasebacks
A sale with leaseback loan can be the right financial vehicle for companies that need funding quickly. If your company owns the equipment then you can use these assets to receive financing in days.
Funding through an equipment sale-leaseback comes faster than searching for a buyer to purchase your equipment outright. This allows your business to continue using the equipment in its daily operations, while you sell the title to the equipment and receive immediate cash from the sale. your business still retains the right to continue using the equipment through an ongoing rental agreement, combining all the advantages of the speed of funding with longer terms, low payments, and lower rates.
Equipment Refinancing
Refinancing currently owned equipment can provide lower rates and better terms. In addition, refinancing can improve cash flow and help with financing other projects or purchases. Loans are calculated based on the value and condition of the equipment, with 12 months in length repayment plan typically attached. The company still owns the equipment, which is used as collateral if the account goes into default. As a result, they may continue to use it as they normally would in the course of their business.
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Hard Money Equipment Loans
Hard money loans are short-term and secured by real property such as equipment or machinery, and used to provide temporary funding to help with a financial situation or while a business is waiting for long-term financing to be approved.
Often hard money loans can be acquired, even if money is still owed on the property or equipment. Funding can be up to 75% of the value of the property and can be used for most operation expenses, including the purchase of new equipment, employee wages, inventory, and construction projects. Payment for hard money loans is usually only the interest on the loan, with the final balance due at the end of the term typically in the form of a balloon payment.
P.O Box 591 Lithia FL – 33547
contact@probusinessfinance.com
813-226-7342
For more information contact us.
Para mas información contactenos.
For more information contact us.
Para mas información contactenos.
(813) 226 - 7342
contact@probusinessfinance.com