“Financing For Energy Efficient Lighting Installations In Owned And Leased Buildings”

Energy efficient lighting installations can be financed through an equipment financing facility through a number of our funding sources.

This type of lighting installation is typically financed in the form of a capital lease where at the end of the lease term the assets are purchased by the lessee for a nominal amount of no more than $20.

The financing term that is potentially available for financing lighting will range from three to five years in length with the most common terms being four years or less.

Commercial equipment financing can be arranged for lighting equipment installed in both owned and leased buildings.

For leased or rented buildings, the landlord will have to sign a waiver from the lender or leasing company to provide the financing company access to the equipment in the event of default of any financing facility provided as the lighting equipment would form a part of the lender or leasing company’s security.

Because of the nature of the asset, financing approvals will be more straightforward to come by for companies that are at least three years in business and have a well established cash flow for debt servicing as the energy efficient lights by themselves do not offer a great deal of security value to a lender in an installed state.

Companies that are less than three years in business will have to provide at least one strong guarantor in order to be considered for financing.

Energy Efficient Light Financing Can Provide Great Leverage To The Business

In terms of the financing amount compared to the acquisition cost, most of these installations can be funded at or near 100% of the purchase price.

And where there are deliver and installation costs in the price that you wish to finance, these amounts can potentially be funded as well, providing funding in excess of 100% of the purchase price of the actual asset.

If your business is looking to upgrade the lighting in several different facilities, we can also look to set up loans or leases for each location to not only work with your business accounting for each location, but to also spread the financing risk among different lenders which can end up providing greater access to capital as well as many lenders are not interested in having a large position in this type of asset.

The key here is that there can be flexibility to set up the financing in a manner that makes sense for your business operations and operational reporting preferences.

Click Here To Speak To An Equipment Financing Specialist For Financing Energy Efficient Lighting For Your Business

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“Machining Center Financing For New And Used Machine Centers”

Machining center financing is available for a wide range of machine centers including from 2 to 6 axis machines, horizontal machine centers, vertical machine centers, universal machine centers, and so on.

The basic criteria for financing both new and used machine centers would require the business to be at least three years in operation with annual sales over $250,000, and a guarantor with a credit rating of at least 650.

There are equipment financing solutions available for A, B, & C credit profiles with rates being higher for lower levels of credit.

On new equipment, it is possible to secure at or near 100% financing on new machine centers and if you have delivery and installation costs that you would like to factor into a loan or lease, the financing amount secured and funded can actually be more than 100% of the equipment acquisition costs.

For used equipment, its more likely that more of a down payment is going to be required.  That being said, its still reasonable to expect to be able to finance 75% to 90% of the value of a used machine center.

The financing process for this type of manufacturing equipment financing typically takes 24 to 48 hours to complete once your application package is prepared and submitted. For larger sized deals, there may be more financial information required by the lender or leasing company to assess debt servicing as well as additional levels of credit review which typically will add two or three more days to the approval process.

Funding can occur immediately after the equipment financing documents are executed and returned to finance company providing for a fast turnaround which will allow you to get the asset working as quickly as possible.

Machining Center Financing Options Can Be Considerable

As long as the resale market is strong for machine centers, there are going to be several lenders and leasing companies that will be interested in funding these types of assets.

The reasoning here is that a strong resale market provides the equipment financing company with a clear resale option in the event that they have to liquidate a machine center.

And because a machine centers are capable for holding their value for a long time, this equipment can have considerable resale value which further reduces the credit risk to anyone looking at providing financing.

The opposite can also be true in periods of economic slow down where there can be lots of inventory on the market making it hard to sell used units for any type of predictable price.  In these situations, lender options can be fewer and potentially harder to locate and secure as well.

If you are in need of machining center financing, I suggest that you give us a call so we can go through your requirements with you and provide equipment financing options for your consideration.

Click Here To Speak To An Equipment Financing Specialist For All Your Machining Center Financing Needs

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“Lathe Equipment Financing For All Lathe Types And Accessory Equipment”

Lathe equipment financing can be secured for different types of Lathe’s as well as the supporting equipment and attachments that can be required with certain setups.

In order to get a quote for Lathe financing, we would first need to have an idea of the type of lathe that you are looking at acquiring.

Ideally, if you have a written invoice/estimate/quote from a licensed dealer for a specific new or used lathe where the year, make, and model are provided along with the terms of sale, then we can provide a more accurate quotation.

Alternatively, if you can outline the price range, models, and years of age you are considering, then we can also provide quotations based on that information, knowing that any lathe you end up acquiring may be different that the preliminary information provided.

Once we have the lathe equipment acquisition information and a completed equipment financing application form, we can provide you with a financing quotation.

The requirements for manufacturing equipment financing are going to vary depending on whether the lathe equipment you are looking to acquire is new or used, the amount it will cost, your credit and financial profile, and your time in business.

Typically, “A” and “B” credit applications require time in business of at least three years and a guarantor credit score of at least 650.

As we mentioned above, lathe financing options are available for both new and used lathe equipment.

Financing for new equipment can be secured at or near 100% of the acquisition cost of the asset, and in cases where there are going to be costs for delivery, installation, and training, or some combination of these items, the financing amount may potentially be increased to cover these costs as well, providing more than 100% financing in some cases.

For used lathe equipment financing, the financing leverage that you can secure is likely going to be lower, but can still be as high as 90% of the asset purchase price.

Lathe Equipment Financing For Assets Acquired Through Dealers And Private Sellers

For the most part, lathe equipment will be acquired from a licensed dealer who is bonded and responsible for providing clear title to the purchaser.

And while this is going to be the preferred acquisition channel for any source of equipment financing, there are equipment financing companies that will also consider purchases from private sellers as well.

The financing options with private sellers will be few as now all equipment financing companies will consider a transaction such as this.

That being said, it still can be possible to arrange the financing.  Just keep in mind that the application and approval process will take longer as the financing company will have to perform a search on the title of the asset to make sure that there are no outstanding charges registered against it.

And if there are registered charges, even if there is no balance payable, they will have to be removed before funding can take place.

So if you are looking to acquire lathe equipment and want to better understand your financing options, I suggest that you give us a call and go over your requirements with us on the phone and we’ll make sure you get all your questions answered.

Click Here To Speak To An Equipment Financing Specialist For All Your Lathe Equipment Financing Requirements

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“Machine Tool Financing For New And Used Equipment”

When we’re talking about machine tool financing, this can include quite a variety of individual pieces of equipment including but not limited to:

Water Jets, Turning Centers, CNC Machines, Turret Punch, Metal Shears, Boring Mills, Routers, Robots, Grinders, Lathes, Machining Centers, Lase Cutters, and many other forms of fabrication equipment and manufacturing equipment.

The more common the use of the asset in an industry, the more financing options there are likely to be for both new and used assets due to the size of the resale market which provides a lender or leasing company with a means to sell off the asset if required, which reduces their risk of providing financing in the first place.

On the flip side, any asset that is highly specialized for a specific application or custom built for your own unique requirements is going to be harder to finance, or at least have few financing options due to the potential lack of an established resale market for the asset.

Regardless if you require machine tool financing for new or used assets, the process for getting equipment financing in place is typically very fast and straight forward.

It starts when you give us a call so we can review your situation with you over the phone to determine what options are available to you.  There is no credit check at this point and no paper work needs to be exchanged.  The objective here is for us to have a clear picture of your particular situation and your commercial equipment financing requirements, and to complete this process with you in 15 to 20 minutes.

If you want to pursue any of the options we have provided or suggested to you, the next step will be to complete a two page application form accompanied by an invoice/estimate/quote from the vendor for the machine tool asset you want to acquire.  Other information such as financial statements, contracts, and so on may be required as well, depending on the specific application.  The application process typically can be completed in one day.

Once an application for machine tool financing has been submitted, the request is processed by the financing company in 24 to 48 hours.  For larger requests or more complex transactions, the process can take a few days longer.

With an approval in place, the funding process can be completed immediately provided all required documentation is in order.

We have options for A, B, C credit profiles.

Businesses that are three years in business or longer will typically attract better rates and terms.

For A & B equipment financing approvals, lenders and leasing companies are looking for  guarantor credit scores of 650 or higher on average.

Machine Tool Financing Can Save On Cash Flow

For companies with a good credit and financial profile, new assets can be financed at or near 100% of the asset cost.  And if you want to finance delivery, installation, and training costs, we can potentially secure greater than 100% of the asset purchase price.

With used equipment, the amount of leverage will range from 80% of the asset purchase to 100%, providing excellent loan to value ratios which allow for significant cash flow savings.

Machine Tool financing options can be in the form of an equipment loan, capital lease, or operating lease, potentially providing you with a number of different options to tailor your financing to your business needs.

With an operating lease, at least 10% of the purchase amount does not need to be repaid until the end of the lease term.

A capital lease functions very much like a loan for accounting and tax purposes and provides a nominal buyout cost at the end of the term.

Regardless of your machine tool financing requirement, we recommend that you give us a call so we can quickly go through your situation and discuss with you relevant equipment financing options.

Click Here To Speak To An Equipment Financing Specialist For All Your Machine Tool  Financing Needs

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“Financing For Computer Server Hardware And Software”

Computer server financing can include computer hardware, software, installation, and training.

While a good portion of the related costs can be soft costs, or intangible assets in form and description, computer equipment financing is still available to most small and medium sized business owners and managers.

In fact the available sources for computer hardware and software financing has grown in recent years with more equipment financing companies adding this type of lending and/or leasing to their portfolios.

The reasons for this are several.

First, for amounts under $50,000, many small ticket lenders can approve financing based on credit and cash flow and do not have to be overly concerned about the resale value of the asset in the event of default.

Second, computer servers and other computer assets are essential parts of business operation today, making it one of the last things someone is not going to make their payments on.

And third, because of the ongoing changes in technology, each borrower or lessee is likely to be a repeat customer in the future when more hardware and software are required.

With computer server financing along with other forms of computer hardware and software, the term of financing may be slightly shorter than with other types of assets, and certain lenders may also require larger deposits than they would on other types of assets.

But regardless of the scenario, there is an excellent chance that computer server financing can be arranged for your company.

Computer Server Financing Based Mostly On Credit And Cash Flow

If you have been in business for at least three years and have a positive cash flow, then computer financing is very likely for your business provided that you also have good credit to draw on.

For businesses that are newly formed or still in a start up phase, items like computer servers can still be financed, but the credit approval is going to rely more on the strength of the personal guarantees and credit profiles of the business owners or major shareholders of the business.

Computer equipment financing requests under $25,000 can many times be approved based on credit alone.  So with the number of equipment financing companies out there that finance computer assets, its also very possible to spread your purchases around to take advantage of the credit that is available to you collectively versus focusing all your needs with one lender.

That being said, for well established businesses with solid cash flow, computer server financing can be arranged in amounts well over $100,000 and even over $1,000,000.

If you have a specific computer server financing requirement, I suggest that you give us a call so we can do an  immediate assessment of your situation and provide financing options that meet your needs.

Click Here To Speak To An Equipment Financing Specialist For All Your Computer Server Financing Requirements

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“Concrete Equipment Financing For New And Used Assets”

Concrete equipment financing is available for both new and used equipment.

For used equipment, we can even look at licensed dealer sales as well as private sales.

With respect to private sales, the equipment financing process can take a bit longer as a security registration search needs to be performed to make sure that the title being provided is free and clear of any past obligations that could have been registered against it.

The key with all used concrete equipment financing is going to be the age of the asset and its condition for use going forward.  As long as a financing or leasing company can feel confident that there is more useful life in the asset as compared to the lending term being considered, there is a good chance that construction equipment financing can be arranged.

Because of the amount of capital that can be required to operate a concrete company, the ability to secure equipment financing can be a critical component for the success of the business.

And while financing by itself is important, the structure of financing may be just as key to any equipment financing decision you are looking to make.

For instance, if you are looking to get financing for concrete equipment where there is generous early payment options, you are likely going to be better off considering a term or demand loan as compared to an equipment leasing facility.

If near term cash flow is a concern, then we can look at structuring financing into an operating lease with as large an end of term balloon payment as can be arranged.

There are many other examples of how specific business requirements can be tailored into a concrete equipment financing facility.

Concrete Equipment Financing Can Also Adjust For Seasonality

Depending on where your business is located, your concrete operations may be seasonal and as such you may only have seasonal cash flow to support the repayment of an equipment financing facility.

If that is the case, we can look to acquire a financing facility that will consider seasonal payments on a quarterly, semi annual, and even annual basis.

Concrete equipment financing options can also consider tax implications and on or off balance sheet requirements as well.

For new equipment, financing can be secured at or near 100% of the cost of the asset.

Leverage for used equipment can be as high as 90% as well providing considerable capital and cash flow savings on most deals.

So regardless of what your requirements are, or credit profile, I suggest that you give us a call so we can quickly assess your situation and provide concrete equipment financing options for your consideration.

Click Here To Speak To An Equipment Financing Specialist For All Your Concrete Equipment Financing Requirements

Technorati Tags: concrete equipment financing, concrete equipment lease, concrete equipment lease financing, concrete equipment leasing, concrete equipment lenders, concrete equipment loan

“Farm Equipment Financing Available On New And Used Farm Machinery”

Farm equipment financing is available through our equipment financing network and can be arranged in the form of a loan or lease financing solution.

With farm equipment, there can be several different financing options to consider as agricultural equipment financing is a large industry with many lenders and leasing companies committing part of their available funds to this type of borrowing or leasing.

Most farm equipment manufacturers will offer some form of in house equipment financing solution, whether it will be through their own financing arm or through a third party arrangement of some sort.

And while the posted effective interest rate for manufacturer based financing can be very attractive, its going to be important to understand the cost of acquisition from the manufacturer or dealer with and without their financing as the net difference on the pricing of the asset can be substantial.  Put another way, a cash purchase can be considerably different from an in house financed purchase.  So if you’re getting the financing somewhere else, even at a higher interest rate, the net cost to you can be considerably cheaper at times, so its important to do the math before deciding on a manufacturer’s financing option.

Farm equipment financing options will also vary with the size of the capital requirement, the type of equipment, the time in business, and so on.

With respect to capital requirements, there are agricultural financing companies that will not consider any request under $250,000 and there are others that won’t look at anything over $150,000.  So its going to be important to make sure you’re speaking to a farm equipment financing source that is best suited for the overall requirements of any specific financing request.

Farm Equipment Financing Approvals
Can Secured Very Quickly

Especially for equipment leasing requests under $100,000, farm equipment loans and leases can be arranged within a day or two of a financing company receiving a completed application package.

For larger financing requests, the time period may be extended by a few extra days as its not unusual for a lender or leasing company to require more than one level of deal review for larger requests.  But even for larger deals, the process is most often completed within one year of application.

Used farm equipment financing can also be arranged through both licensed dealers and private resellers.

The process for used equipment funding can also take a bit longer as the lender will typically do a market value assessment of the asset as well as perform background checks for registered security in the case of a private sale.

Equipment loans through banks will typically take the most time due to the nature of how banks manage these applications.  That being said, the extra application time can be well worth it as banks and other main stream financial institutions also provide some of the lowest rates on equipment financing in the market.

The key to any farm equipment financing process is working with the lender or leasing company that can best meet your requirements in the time you have to work with.

If you have a farm equipment finance requirement, I recommend that you give us a call so we can quickly go through your situation with you and discuss available financing options.

Click Here To Speak To An Equipment Financing Specialist For All Your Farm Equipment  Financing Requirements

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“Box Truck Financing Available On New And Used Vehicles”

Box Truck financing can be arranged as either a loan or a lease, depending on your requirements and specific financing scenario.

In the box truck equipment financing category, we would include different types of Reefer Trucks, Utility Trucks, Specialty Trucks, Maintenance Trucks, Gas Trucks and other enclosed cargo hauling truck set ups.

This type of transportation equipment financing is available with little to no money down for new or close to new vehicles.

Used assets tend to require more of a down payment, but still can be arranged for solid rates and terms.

For specialty box trucks that don’t have a lot o mileage, we can look at financing assets that are up to ten years old and potentially older, provided that there is sufficient useful life left in the asset to support an equipment financing facility.

Box Truck Equipment Financing Can Be Arranged Quickly

In most cases, a box truck financing application can be approved in 24 to 48 hours.

Longer approval times can be required for larger purchase amounts and older vehicles that require more review of their condition and value.

We will also look at both private and dealer sales, although private sales will take more time to complete due to the need to provide a clear title for security purposes.

Box truck financing terms will range from 36 to 84 months in length with both capital lease and operating lease options available through select leasing companies.

The benefits of leasing can be considerable, especially if you have a fleet of box trucks that you have to have on a replacement schedule.

We also work with a broad cross section of lending and leasing companies, and as a result, we can consider box truck financing arrangements for a wide variety of credit profiles.

If you are in the market for box truck financing and want to better understand your available options, please give us a call and we’ll get all your questions answered and quotes completed right away.

Click Here To Speak To An Equipment Financing Specialist For All Your Box Truck Financing Requirements

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“Ironworker Financing For Both New and Used Ironworkers”

Ironworker financing from an equipment financing or equipment leasing source can be arranged in very short order for most metal working or fabricating companies out there.

From a manufacturing equipment financing or fabrication equipment finance point of view, most Ironworkers have a long useful life and can hold their value from considerable periods of time, providing good security value to lenders and leasing companies/

For smaller units where the cost is under $25,000, an Ironworker financing approval can be obtained in less than 24 hours as smaller financing amounts, especially on new equipment, are largely approved by the established credit of the business and the individual owners.

Even for used Ironworker  equipment, the rates and terms that can be secured through an equipment loan or an equipment lease can be very competitive.

The main difference between new and used for financing equipment is that many equipment financing sources will require a larger down payment for used as compared to new.

But depending on the age of an Ironworker you want to acquire, the down payment may still be quite low for a used asset provided that it doesn’t have much age, comes from a well known manufacturer, and is in good condition.

Ironworker Equipment Financing Can Be Designed To Fit Your Business

The most common form of financing for an Ironworker is through an equipment leasing facility.

The added advantage of going to an equipment lease is that you have some flexibility into how the lease can potentially be structured.

For instance, you can get a capital lease that basically mimics an equipment loan from a payment and accounting stand point and at the end of the lease you can purchase the asset out right from the leasing company for a nominal amount, typically no more than $20.

You can also set up and Ironworker lease as an operating lease whereby at least 10% of the cost of acquiring the asset is not repaid until the end of the lease term.

There are a number of different ways to get an operating lease to either reduce payments and assist cash flow, or accelerate the write down of the asset for tax purposes.

One the cash flow side, the balloon payment at the end of the lease needs to be at least 10%, but with some lenders or leasing companies, it can be even higher, further reducing the amount of cash required every month to cover lease payments.

To reduce taxes, a short lease term can be selected which will allow the payments to be higher.  And because the lease is structured as an operating lease, the full amount of the payment can be written off as an operating expense.  This can can have a significant incremental tax effect during the life of the lease.

If you are in need of Ironworker financing and want to better understand your options, I suggest that you give us a call and we’ll go through your requirements together and provide equipment financing quotes or estimates for your consideration.

Click Here To Speak To An Equipment Financing Specialist For All Your Ironworker Financing Needs

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“Beauty Salon Equipment Financing For New And Used Equipment”

Beauty salon equipment financing is becoming more and more in demand as the salon world takes advantage of state of the art innovations that can add more value to their customers.

And higher tech can also be higher cost for certain items, which requires a greater outlay of capital by the salon owner.

This is where equipment loans and equipment leases can be utilized to conserve the available cash flow in the business and utilize financial leverage to acquire assets that can be deployed to generate greater returns than the cost of acquisition and financing combined.

But like with any type of equipment financing scenario, the key to getting greater rates, terms, and leverage is when you are trying to acquire established assets from well known and well healed brands that are likely to continue on into the future.

The reason this can be important is that well established brands and equipment lines will have a stronger resale market than totally new technology that has not stood any type of test of time in the market place in terms of the end customer satisfaction as well as the the durability of the asset.

When you have equipment that is highly sought after either in new or used form, there are going to be more commercial equipment financing options as compared to situations where the asset, line, or brand are relatively new.

Beauty Salon Equipment Financing Will Be Both Cash Flow And Asset Based

All that being said, if you have a well established salon that is looking to acquire new state of the art assets, great rates and terms can still be available to you, even if the assets are not well established in the market place yet with respect to resale.

When a business has good cash flow and solid credit, equipment financing companies will be less concerned about the longer term value of unproven assets and more concerned about the track record of the business satisfying its customers and turning a profit.

With equipment leasing as an example, business owners can arrange at or near 100% financing on a piece of beauty salon equipment.  And if there is delivery, installation, and even training costs required as well, these costs can potentially be included in the lease, providing in excess of 100% financing in some situations.

Equipment loans are typically the lower cost sources of financing for “A” credit applicants where in order to get the lowest possible rate you may have to pay up to 25% down on the asset.

So the equipment financing solution that best fits your business will need to consider the impact it will have on cash flow at time of purchase as well as on a monthly basis during the lease or loan term.

As previously mentioned, used beauty salon equipment can also be financed provided that the projected future remaining life of the asset is greater than any financing term being sought by the business owner.

And when buying equipment for amounts under $50,000, approvals for financing can be secured in less than a day with funding to follow soon after.

To better understand your options for beauty salon equipment financing, we suggest that you give us a call so we can quickly go over your requirements and discuss different financing products available to you.

Click Here To Speak To An Equipment Financing Specialist For All Your Beauty Salon Equipment Financing Requirements

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