Category Archives for commercial equipment financing
Truck Wrecking Equipment Financing
Do You Need To Finance New or Used Truck Wrecking Equipment?
Truck wrecking equipment can be financed via loan or lease, depending on the specific type of asset, condition, and amount of financing required. These types of assets typically qualify for commercial equipment financing in a lease financing form whereby the asset you want to acquire is basically purchased by a leasing company and the business is provided with a lease in return. Equipment leases can either be operating or capital leases, depending on the taxation, balance sheet, and cash flow requirements of the individual company applying for financing.
For used truck wrecking equipment, the rates and fees related to equipment financing and equipment leasing programs are likely going to be higher with shorter repayment terms. Purchases of wrecking equipment from a private seller is also possible provided that a clean asset title can be provided to the equipment financing or leasing company prior to them acquiring it.
One thing about these types of assets is that they tend to have a long useful life, so used equipment, even if several years old, can still be considered for equipment financing.
Get Truck Wrecking Equipment Financing That Meets Your Needs
If you’re just starting the process of looking for truck wrecking equipment that you know you’ll need financing to acquire, I suggest that you apply for a pre-approval so you can get the equipment financing process out of the way and concentrate on the asset procurement process knowing exactly how much money you have to work with and the required repayment terms.
If you have an accepted offer or bid in hand, we can help you get an application package together right away and get some quotes back from our various funding sources in as little as 24 hours for smaller purchase amounts. When the wrecking equipment financing amounts are greater than $100,000, the process can take anywhere from 2 to 5 business days.
Regardless of where you’re at in the process, we welcome the opportunity to go over your wrecking equipment financing requirements with you and get all your questions answered so you can better decide on the equipment financing approach you want to take.
Telephone Equipment Financing
Do You Need To Finance New Or Used Telephone or Telecom Equipment?
Telephone equipment financing and telecom system financing is becoming more and more popular with equipment financing and leasing companies.
There are a number of reasons for this.
First, larger telephone equipment financing is typically requested from larger companies and therefore there is a stronger base for commercial equipment financing repayment. So while the actual asset doesn’t offer a great deal of security value to a lender or leasing company, the overall size and stability of the company requesting the financing does.
Second, for smaller companies, the requests are again proportional to size. Therefore financing can be approved mostly on credit and time in business as much as anything else, especially when the amount requested is under $25,000.
Third, because telephone equipment needs to be upgraded on a semi regular basis, this also creates new business for equipment financing companies in the future. And by providing telephone and telecom financing, it may also open the doors for financing other types of assets as well.
Fourth, every business requires telephones and many require telephone systems, so there is a large market to service.
Get Telephone Equipment Financing That Meets Your Needs
The starting point for getting telephone equipment financing is $1,500 with no upper limit.
If you have a purchase scoped out that requires financing, give us a call so we can quickly assess your requirements and provide equipment financing options for your consideration.
For purchases under $25,000, equipment financing can be arranged is less than 24 hours and funded in a couple of days. Larger sized transactions can take 1 to 5 business days to get processed.
If you haven’t started shopping for equipment just yet, then you may want to consider applying for an equipment financing pre-approval so you can get the financing process out of the way and be clear on what amount you can get financed as well as the terms of repayment.
Or if you have any questions about different financing options related to telephone or telecom equipment, please call us any time and we’ll make sure that all of your questions get answered as quickly as possible.
Fitness Equipment Financing
Does Your Business Need Financing For New or Used Fitness Equipment?
Fitness equipment financing is available for a wide range of fitness related assets and is provided by both banks, other institutional lenders, and leasing companies.
The strength of fitness center applications is in the cash flow they generate. If a fitness related business is showing solid historical cash flow on its financial statements and on the annual tax return, then there is a number of equipment financing opportunities that are going to be available to finance this category of assets.
Lenders and leasing companies also like fitness equipment due to the fact that their investment tends to be held in a number of different assets versus one asset for the whole loan or lease facility.
And if that cash flow is strong, used fitness equipment can be financed as well, although there may be a down payment required and the rates and terms may not be as strong as new equipment.
A loan or lease can be structured for one asset or a group of assets, depending on the requirements of the business owner.
Fitness equipment leases can also be structured as operating leases or capital leases to allow for cash flow requirement and taxation strategies that the business is trying to take advantage of.
Before starting the buying process, the best first step to take when you know you’re going to need to secure third party financing for fitness equipment you want to add or replace is to apply for a commercial equipment financing preapproval. That way you can get the financing process completely out of the way before you start researching prices, making offers, or negotiating on purchase terms. A pre approval also provides you with exactly how much financing you can secure and the related repayment terms so you can adjust your acquisition budget accordingly.
Get Fitness Equipment Financing That Meets Your Business Needs.
And if you have a deal all lined up that just requires financing, give us a call today so we can quickly help you put together an application and submit it to the most relevant lenders.
We even can arrange financing after the purchase as long as the transaction is not more than 6 months old.
Regardless of where you’re at in the purchasing and financing process, please give us a call so we can quickly assess your requirements and provide you with an initial pricing estimate.
Backhoe Financing
Need To Finance a New or Used Backhoe Purchase?
You can get the following models and types of new and used backhoes, backhoe tractors, and back hoe related accessories financed by our Canadian and American lenders and leasing company partners:
Backhoe compactor, tractor backhoe, loader backhoe, cat backhoe, backhoe loader, backhoe auger, backhoe blade, backhoe forks, mini backhoe, backhoe hammer, backhoe broom, backhoe accessories, backhoe bucket, back hoe equipment. Backhoe manufacturers and distributor brands that can be financed include Takeuchi, John Deere, Caterpillar, Komatsu, Sky Trak, Terramite, Volvo, Case, New Holland, Yanmar, JCB, Terex, Ford.
Equipment financing programs in the form of a loan or lease is available for both new and used backhoe and backhoe related equipment. Used backhoe’s are actually quite easy to finance due to the relatively long useful life of these types of assets and the strong demand in the market place for used equipment from this category. Rates for used equipment are very similar to new equipment and terms can be longer than what you can expect for most types of used equipment, once again due to the strong resale market and the long useful life.
Before getting into the purchasing process, we recommend that you apply for a pre-approval for commercial financing a new or used backhoe. With a re-approved loan or lease in hand, you’ll know exactly what amount of money you have to work with as well as the related terms and conditions. This will also allow you to bid and offer more aggressively knowing that the funds are readily available to close the deal.
Get Backhoe Equipment Financing That Meets Your Business Needs.
If you’ve got an accepted offer subject to financing, we can get an approval in your hands fast once you’ve provided us with the basic application information.
And even if your business recently purchased a back hoe for cash, we can still finance the asset after the transaction is completed for a period of 6 months via a loan refinance or a sale and lease back transaction where in both cases the cash from the original transaction, or most of it, is given back to you to re-invest in the business.
So regardless of where you’re at in the acquisition process for a backhoe or backhoe related equipment, give us a call and we’ll quickly provide equipment financing options for your consideration.
Automotive Equipment Financing
Does Your Business Need to Finance New or Used Automotive Equipment?
Automotive Equipment Financing and leasing can be secured from a number of different equipment financing and leasing sources across Canada. Collectively, our equipment financing partners cover off all credit profiles and business stages of development.
To provide a better idea of the types of assets that can be financed in this category, here is a list of the more common items that receive financing approvals on a regular basis for Canadian based businesses all across the country.
Tire balancer, waste oil heater, nitrogen tire filling equipment, tire repair machine, wheeler aligner, motorcycle lift, fluid changer, low profile tire changer, scissor alignment lift, mid rise lift, single arm tire changer, garage equipment, pipe bender, parking lift, low rise pad, dual arm tire changer, ac recovery, 4 post lift, alignment lift, waste oil boiler, frame machine, spray washer, battery charger, frame rack, 2 post lift, hobby lift, tire changer, wheel balancer, automotive lift, spray wash cabinet, Brake lathe, tire machine, scissor lift, rack.
Here are some of the more common brand name manufacturer’s approved by leasing companies as well. Gemini, Coats, Rels, RTI, Daytona, Bradbury, All Tool, Accu Turn, Hofmann, Precision, Hydra Lift, Bisherman, Corghi, Associated, Complete Hydraulic, Rotary Hoist, Cemb, Hunter, Kwik Way, FMC, Globe.
Financing options are available for both new and used automotive equipment with similar rates applying to new and used. The major difference that can occur between the two is that used equipment financing can come with a shorter repayment term and financing companies tend to require a larger cash down payment than for new equipment.
Get Equipment Financing That Meets Your Automotive Business Financing Needs
Used Automotive equipment that requires commercial equipment financing can be acquired from either a licensed third party vendor/dealer or a private third party. There is a bit more work to complete the financing process with a private equipment source as background checks have to be done on the equipment to assure no outstanding liens are registered against this. The extra administration though can be well worth it if a good deal is available from a private source.
Whether you’re considering new or used assets where equipment financing is required, we recommend that you give us a call so we can quickly assess your requirements and provide relevant financing options for your consideration.