Category Archives for commercial equipment financing
Exercise Equipment Financing
Are You Trying To Finance New or Used Exercise Equipment?
Exercise Equipment Financing can be secured for a wide range of exercise apparatus by Canadian based spas, gyms, rehab clinics, and fitness centers. To give you a better idea of some of the more common items typically financed by lenders and leasing companies that specialize in exercise equipment, we’re providing you with the following asset list of pre-approved equipment.
Cardio equipment, power rack, lat attachment for power rack, home gym, treadmill, upright bike, hyper extension bench, bowlfex, eliptical, rower, abdominal crunch board, leg extension bench, chin dip station,super squat stands, dip station, hyper extension bench, dumbell, calf machine seated, lat machine, nordic track, leg raise station, free weights, Exercise bikes, sit up bench, ab machine, compact gym, smith machine, recumbent bike, exercise mat, home gym addon, chin dip station, nautilus equipment, free weight, bench attachments, functional trainer, leg curl bench, storage rack, bars.
This is meant to be an exhaustive list of exercise equipment that can be financed. If you have an asset or group of assets that does not appear on the list above, please give us a call and we’ll find out quickly if we have a lender or leasing company that will lend against it.
Secure an Equipment Financing Loan or Lease That Meets Your Business Needs.
One of the benefits of commercial lease financing is that you can finance small amounts and also consolidate several items into one or more leases. This could apply for both new and used exercise equipment.
For new business start ups, there are both loan and lease options to consider and both will require strong credit profiles from the borrowers as well as personal net worth in excess of the amount of financing requested.
More established businesses will be able to access greater amounts of capital at any one time based on the historical financial performance of the business. But regardless of what you’re current situation is, there is a good chance we will have a financing option for you.
Whether you’re seeking a pre approval for equipment financing, trying to locate equipment financing to close a deal you’ve already arranged, or wanting to refinance a recent purchase via a new loan or sale and lease back to a leasing company, we would welcome the opportunity to work through your requirements and provide relevant financing options for your consideration.
Mining Equipment Financing
Does Your Business Need To Finance New or Used Mining Equipment?
Mining equipment financing through equipment loans and leases is available to Canadian based businesses from our equipment loan and leasing company partners.
To give you a better idea of the different types of mining related assets that can get financed, here is a list of some of the more common items pre-approved for financing.
Underground drill,grinding mill, grinding mill, bucket cylinder, scrap metal smelting equipment, mill process flotation, bulldozer, slushier, boom cylinder, smelting furnace, grader, mill process feeder, underground truck, smelting ladle, mill process thickener, smelting equipment, crusher, excavator, utility vehicle, conveyor, stick cylinder, mill process screener, swing motor, mill process filter, scooptram, transfer car,haul truck, blade tip cylinder, shovel, mobile crane, loader, rotary drill,Dozer, bogger, cyclone, scraper, blade lift cylinder, hoist
If you are trying to locate financing for something that’s not listed above, just give us a call we’ll be able to quickly determine if we have a financing source interested in that particular asset.
We have financing programs via loan or lease for both new and used mining equipment. Used equipment can be financed at similar rates to new, but keep in mind that the amortization periods tend to be shorter and lenders and lease companies may ask for some amount of down payment, depending on the asset, age and condition.
Overall, most equipment lease financing programs for mining equipment provide very high levels of leverage with most applications receiving financing between 90% and 100% of the acquisition cost of the equipment. And in situations where transportation and installation costs will be incurred to get the asset into operation, a loan or lease is typically able to cover off these costs as well.
Get Equipment Financing That Meets Your Mining Operation’s Needs
One of the benefits of heavy duty mining equipment can be a long useful life. If there is an active resale market for older equipment, there is a good chance the asset can be refinanced to provide cash flow for the business if required.
Also remember that any time you purchase an asset for cash, you can still finance the equipment up to 6 months after the purchase has been completed and get your original cash flow back for use in other business applications.
For any mining equipment financing needs you may have for your business, please give us a call so that we can quickly assess your requirements and come up with relevant financing options for you consideration.
Woodworking Equipment Financing
Do You Need To Finance New or Used Wood Working Equipment?
Wood Working Equipment Financing is provided to Canadian based businesses by a number of Canadian based lenders and leasing companies.
The following is a list of some of the more common types of new and used wood working equipment that get financed via loan or lease on a regular basis.
Saw, band saw, table saw, radial arm saw, circular saw, jig saw, mitre saw, reciprocating saw, cordless saw, scroll saw, tile saw, drill, drill press, hammer drill, air cleaner, dust collector, planer, joiner, jointer, shaper, router, sander, grinder, bench grinder, lathe, boring machine, carving machine, chair making equipment, door construction equipment, home construction equipment, flooring equipment, dowel equipment, edge bander, finger jointer, finishing equipment, laminating equipment, rip saw, sawmill equipment, veneer equipment, v-groover, wood waste equipment.
Even if the wood working equipment or machinery is not listed here, just give us a call and we’ll be able to determine right away if its something that can be financed via loan or lease.
The more heavy duty the wordworking equipment is, the more likely it can be financed as used equipment for up to a 5 year pay back term. Used equipment will likely require a higher interest rate or cost of commercial financing, but this is typically offset by high levels of leverage, ranging from 80% to 100% of the asset value. And for new and used equipment, the cost of delivery and installation can also be included in the financing cost. For certain types of equipment the break down, delivery, and setup of the asset can be costly, so the ability to get them included in the equipment financing package can be a major benefit to your business.
If you’re looking for sources of equipment financing for your woodworking business, we highly recommend that you get in touch with us and apply for a preapproval. Once we assess your situation, we will send you application on to the most relevant lenders or leasing companies we work with so that you can see first hand the type of financing you are able to secure and adjust you equipment acquisition plans accordingly.
Its always easier to work with a pre-approval for equipment financing in hand, which is almost like cash, allowing you to bid or offer more aggressively on the equipment you’re interested, knowing the money will be available to close the deal.
Lawn and Garden Equipment Financing
Do You Need To Finance Lawn and Garden Equipment?
Lawn and garden equipment financing for Canadian based businesses is available right across Canada from a number of different financing companies we work with. Our lender and leasing company partners cover off all levels of credit, with financing facilities starting as low as $1,500.
Here are just some of the new and used lawn and garden equipment that is pre-approved for financing by our Canadian lending and leasing sources:
Lawn mower, walk behind mower, lawn tractor, garden tractor, riding mower, zero turn mower, gas trimmer, electric trimmer, trimmer, brush cutter, blower, power cutter, lawn blower, lawn aerator, chipper, mulcher, shredder, garden tiller, bagging machine, chain saw, compact tractor, dump cart, edger, hedge trimmer, hydro mulcher, leaf blower, min truck, mini skid steer, sand spreader, sod cutter, stump grinder, roto tiller, tiller, compost spreader, lawn spreader, top dresser, grass seeders, tillage equipment, snow blower, snow moving equipment, snow plow, landscape equipment, landscaping equipment.
Some of the more common requests for financing are for lawn and garden equipment from the following manufacturers. John Deere, Toro, Gravely, Snapper, Wright, Honda, Cub Cadet, Kubota, International, Woods, Parker, Eco Lawn, Walker, Acrease, Pluger, Bad Boy, Bush Hog, Grass Hopper.
Because of the lower asset value associated with different types of lawn or garden equipment, it is possible to combine several asset purchases into one loan or lease.
Used lawn equipment and used garden equipment can also be financed, but at slightly higher rates and shorter repayment terms.
Get Equipment Financing That Meets Your Business Needs.
Business owners that require lawn and garden equipment financing come to us with one of following five financing scenarios:
- They have identified a piece of equipment to purchase and call us to see if it can be financed:
- They have already had a bid or offer accepted for an equipment purchase and require financing quickly before the offer expires.
- They have already purchased equipment and wish to finance it after the fact.
- They want to apply for a pre-approval so that they know exactly how much money is available to them prior to looking for equipment.
- They have a cash flow need and want to refinance equipment they own that is free and clear of any encumbrances.
We have solutions for all these scenarios and welcome the opportunity to assist you with any lawn and garden equipment financing requirements your business may have.
Industrial Cleaning Equipment Financing
Do You Need Industrial Cleaning Equipment Financing or Leasing?
Industrial cleaning equipment financing is available for such heavy duty commercial equipment as vacuums, ride on sweepers, walk behind sweepers, carpet cleaners, and steamers commonly utilized for cleaning commercial establishments that require more durable equipment for heavy use.
This category of equipment tends to have a long useful life and is well suited to commercial equipment financing and leasing programs. Because of the longevity for productive use, there is also a strong resale market for used industrial equipment where purchases can also be financed through equipment loans and leases.
The major benefit of equipment leasing for cleaning equipment acquisitions is the high potential level of financing, where most approved applications cover 100% of the purchase price of the equipment. Equipment loans can potentially provide lower cost financing, but there can also be a longer and more involved application process that goes with it.
For either loan or lease, the best approach is to get a preapproval of the amount of equipment financing you’re looking for and the type of asset or assets you wish to acquire. Once you have a pre-approval in hand, it’s almost as good as cash in that you know how much money you have to work with and that it will be readily available for your use.
Get Equipment Financing That Meets Your Business Needs
This can also help you buy cheaper due to the fact that the financing process will be out of the way, and you will be in a position to bid or place offers more aggressively knowing that the money is available and the deal can get closed right away.
Even if you purchase new or used industrial cleaning equipment for cash, you can still finance the equipment after the fact through an equipment refinancing loan or a leasing company sale and lease back process. In either case, the benefit to you is the ability to minimize your cash outlay for the equipment and more closely match your payment requirements to the actual depreciation of the equipment, basically paying for what you are using instead of having equity sitting in the equipment and not providing any real value to you.
If you are seeking industrial cleaning equipment financing, I recommend that you give us a call so that we can quickly go through your requirements and provide equipment financing options for your consideration. There is no cost or obligation for our initial assessment and quotation services.