Category Archives for Printing Equipment Financing
Printing Equipment Loans And Leases
“Printing Equipment Loans And Leases For New And Used Equipment”
Printing equipment loans and leases are the most common forms of printing equipment financing available in the market today.
There are also lenders and leasing companies that are set up for dealing with different financing amounts and types of printing equipment.
The process for locating and securing printing equipment loans and leases starts with identifying the specific type of printing equipment you are looking to acquire, whether its new or used, the terms of condition of sale, and if the seller is a licensed vendor or private party.
The next step we take you through is a quick review of your financial and credit profile. Your financial profile includes the financial statements for your business and potentially your personal financial information if you are required to sign as a guarantor to any loan or lease that gets arranged. Your credit profile will typically include the business credit history and potentially the personal credit score and history of the primary owners if the business credit is not sufficiently developed.
From this information, we can then determine the specific lenders or leasing companies that would be the best fit for your printing equipment financing requirements.
Printing Equipment Loans Versus
Printing Equipment Leases
In determining whether you should be applying for a printing equipment loan or a printing equipment lease, there are a number of factors to consider.
First of all, the lowest potential rates for financing are more commonly provided by banks or institutional lenders through their loan products which are typically only available for “A” credit customers. If you’re looking for the best possible rate above everything else, then depending on the financing sources interested in your particular requirements, an equipment loan is likely going to be the best option.
If you’re looking for the most potential leverage on the purchase price of the asset, then a printing equipment lease is likely going to be the better option where loan to value amounts can be at, near, or even above 100%.
If your credit falls into the B or C category, then a certain sub section of the equipment leasing market is going to be your best option as they are more specialized in working with businesses that do not have an “A” credit rating.
How Long Does It Take To Get Printing Equipment Financing In Place?
This will depend on a number of factors including the type of financing company you are working with, the amount of funding you’re looking for, and the strength of your financial and credit profiles.
For instance, for financing less than $100,000 where the applicant has good credit and has been in business for at least two years, approvals for financing can be obtained in a matter of hours and funding to follow in a few days.
As the amount of financing requested increases , so does the loan or lease requirements of the financing company which can take more time to put an application together and get it processed.
For larger requests, it can take two to five business days to get an approval and funding to follow immediately there after provided that all the loan or lease conditions can be met right away
Printing Press Financing
“Does Your Business Need To Finance a Printing Press?”
Printing Press financing is available for all the different types of available printing systems and printing system equipment. The basis for most forms of equipment financing is the strength and size of the overall industry and resale market the equipment fits into. Because the printing industry is well established with long life assets, its only logical that equipment loan and leasing companies would be attracted to these types of lending and leasing opportunties.
Equipment financing is available for both new and used printing press equipment. The challenges with new equipment come with the larger ticket items where the risk associated with larger asset values may need to be shared by borrower, vendor, and financing company. The challenges with financing used printing presses is the assessment of what will be the costs of dismantling, moving, and reinstalling the assets if the equipment needs to be reclaimed as security in order to pay back the debt.
Get Printing Press Financing That Meets Your Business Needs
Smaller ticket (small amount) items, especially new assets, can be financed at or near 100% financing through government insured financing programs and equipment leasing facilities.
If you identified a printing press you would like to acquire that needs equipment financing to complete the acquisition, give us a call so we can quickly assess your requirements and provide you with financing and leasing options for consideration.
If haven’t yet started the buying process, we recommend that you apply for a printing equipment financing pre-approval so that the financing process can be completed straight away and all your efforts can then be directed towards getting the best possible deal for the target assets.
Even if you’ve recently purchased a printing press for cash, we can still refinance the purchase up to 6 months after the time of final purchase, allowing you to inject the most of the capital outlay back into your cash flow.
Regardless of what stage you are at in the acquisition process, if you need capital, give us a call so we can provide options that meet your requirements. There can be several different printing press financing strategies for a given scenario. Our goal is to help fit you into a program that will meet both your tax planning and cash flow requirements.