Equipment Finance

We work with a diverse mix of solution providers across the entire credit marketplace, matching our clients with the funding specifically tailored for their individual business situation.

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EQUIPMENT LOAN TERMS

⇒ Loan Amounts

$10,000 to $5,000,000

⇒ Loan Term:

Facility Terms to 10 years

⇒ Time To Fund:

2 days-3 weeks

⇒ Interest rates:

from 6%

THE FINANCING FOR EQUIPMENT ACROSS ALL INDUSTRIES

You need to grow your business, but your business can’t grow unless you get the equipment you need. For many small businesses, getting the necessary cash can be a long, painful process. And for some, going through it doesn’t guarantee you’ll get the funding you need. In addition, some companies believe that expensive, short-term debt is the only option available for them for equipment financing, that that’s simply not true.

At Business Capital Consultants, we analyze our clients’ balance sheet and often determine that a different form of financing is actually better suited for their situation. For example, one client might be significantly better off refinancing machinery and equipment that would provide the necessary liquidity at a fraction of the cost of capital with a much longer amortization.

If your business is considering equipment financing, then your business needs Business Capital Consultants. We’ve helped a variety of small and startup businesses think outside the box and secure the necessary financing they need in order to buy equipment and grow their business. And, because your focus must be on your business, your products and your customers, you don’t have the time to become an expert on the best equipment financing options with the best terms from the best lenders. But don’t worry – we do all of that for you.

We bring the expertise small businesses don’t have when it comes to securing the capital you need for:

Heavy equipment for manufacturing, industrial, energy and mining

Transportation and aviation, including aircraft, trucks and more

Commercial and business equipment, such as restaurant equipment and furniture

Technology equipment for the healthcare and medical industry

Technology and software for data management, software and SaaS companies

Business Capital Consultants works with a diverse mix of solution providers across the entire credit marketplace, matching our clients with the funding specifically tailored for their individual business situation.

Don’t let confusion and a lack of understanding about how to get the equipment you need with the best funding vehicle possible hinder your operation. Business Capital Consultants can help you secure the necessary equipment across multiple industries.

The Pros and Cons of Equipment Financing

Every business needs equipment to operate, let alone grow. Copiers, computers, desks, machinery, trucks, and appliances are just a few examples across many industries.

As a small business, however, saving enough cash to buy or repair equipment outright can take years. That’s years of foregone growth.

Expensive short-term debt isn’t your only answer, though. Equipment financing offers you an affordable way to purchase, repair, upgrade, or refinance your business’s equipment.

At Business Capital Consultants, we examine your balance sheet and recommend equipment financing based on your situation. Before we work together, we urge you to read about the benefits and drawbacks of equipment financing so you can be an informed borrower. Contact us if you think equipment financing is right for you.

The Pros of Equipment Financing

  • Predictable Payments

Like many loans, you pay back your equipment loan in fixed monthly installment.
Factoring your loan into your budget is quite simple. 

  • Uses

You can use equipment financing for new purchases, repairing/upgrading equipment, or refinancing an old equipment loan.

  • Low APRs

Equipment financing poses less risk to the lender, as the piece of equipment secures it.
Your loan APR will be lower than on other forms of financing as a result.

  • Tax Benefits

Equipment financing offers healthy tax savings. 

First of all, you may be able to write off the interest on your equipment loan.

If you’re using your loan to purchase an asset, you can write off the depreciation on your tax returns using one of several methods over the years.

If the equipment purchase meets specific IRS criteria, you can write off the entire cost in the year you purchase it.

  • Cash Flow Benefits

Buying a piece of equipment outright robs you of potential cash flows. But financing that same equipment at a low APR lets you spread the cost over a long time, helping you maintain positive cash flows in the purchase year.

If your equipment earns you a higher return than the interest rate on its loan, then you’re making a profit on the purchase, too.

  • Credit Building

While you’re busy generating more revenue with your equipment, you’ll also be improving your credit score as you pay down the loan. That means lower rates and more favorable terms on future equipment financing (and other loans).

The Cons of Equipment Financing

  • Credit Requirements

Equipment financing requires strong credit if you want favorable interest rates. 

With that said, you can still find the funding you need with a mediocre score, but your search will be more challenging. 

If that’s your case, you can rely on Business Capital Consultants to find the best rates and terms based on your situation.

  • Equipment Can Become Outdated

Some pieces of equipment may become outdated before you’ve paid off the loan. Not only will you owe debt on equipment that won’t provide you a return, but you may need more equipment financing to buy replacement equipment.

Keep in mind, however, that you can usually write off the depreciation. Money you save on your business taxes can be used to pay off your debt faster.

  • Equipment is Collateral

If you’re unable to pay back the loan, the lender can take your equipment. Thus, you’ll be left scrambling for new equipment — not to mention that getting financing to replace the old equipment can be tough if you default on debt.

Even so, it’s still possible. Business Capital Consultants can help you secure new equipment financing despite default on a previous loan.

Is Equipment Financing Right For You?

For some businesses, the main obstacle between the present and their goals is an
equipment purchase. Others may need to repair or upgrade their equipment to stay competitive.

very business’s situation differs. If you’re considering an equipment purchase,
don’t go
it alone. You have a business to run, so leave finding the funding to Business Capital Consultants. 

We serve multiple industries and have a diverse network of credit providers.

We’ll find the equipment financing solution that’ll help your business grow — with minimal work on your part. Schedule your
free 30-minute consultation with Business Capital Consultants today.

Business Capital Consultants is here to help if you aren’t sure which short-term
financing source is right for you. We’ll deal with the paperwork and phone calls for you so you can get the
funding
you need without wasting valuable time.

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