Category Archives for Warehouse Equipment Financing
Conveyor Equipment Financing
Do You Need To Finance New or Used Conveyor Equipment?
Conveyor System financing programs are provide through institutional and lease financing companies that service warehouse equipment financing requests.
Conveyor equipment is one of the largest capital requirements that many warehouse locations have, depending on the type of product being handled and the requirements of the customer. These systems can range in value from under $50,000 to amounts topping several million.
The more customized a conveyor equipment requirement is, the more difficult its going to be to finance unless the equipment financing group has a very good idea of where the resale market would exist for the particular application, or how a larger system could be cut down into sub components and sold off in the event of repayment default.
Therefore, size and large dollars are not really the issue when it comes to this type of equipment. Its more about how reusable any one set up would be to others in the market that will help make a strong case for financing.
The more generic the conveyor set up, the better the rates and repayment terms are going to be. At the same time, even with a customized project, if the company requiring the financing is well established and is pledging a significant corporate covenant, then good financing options are still likely going to be available to you.
Get Conveyor Equipment Financing That Meets Your Needs
Depending on your taxation situation and cash flow requirements, you may want to consider an conveyor equipment loan or a conveyor equipment lease.
Equipment loans and capital leases operate in a very similar fashion with respect to how they are recorded for accounting purposes and how they are treated as an income tax deduction. For operating leases, there are a number of options available to structure a lease in a manner to increase repayment and write down or to reduce the cash flow repayment in the near term.
Regardless of your conveyor financing requirements, we recommend that you give us a call right away so that we can quickly assess your needs and provide relevant conveyor equipment or conveyor system financing for your consideration. We will assist you in putting together a proper application that will be relevant to a target lender so that the information in the application is clearly conveyed, increasing your chances of not only getting approved, but getting the best possible rate and terms available at a given point in time.
Forklift Equipment Leasing
Do You Need to Secure a Lease For a New or Used Forklift?
Forklift lease financing is available from Canadian based financing and leasing companies for the following types and makes of both new and used forklift equipment.
Two stage diesel forklift, three stage lp gas forklift, forklift with three way hydraulics, three stage electric forklift, two stage lp gas forklift, two stage electric forklift, electric forklift, gas forklift, diesel forklift, sit down three wheel forklift, sit down four wheel forklift, pneumatic three wheel forklift, pneumatic four wheel forklift, narrow isle reach forklift, narrow isle double reach forklift, stand up countered balanced forklift, stock picker, pallet truck, walkie stacker, propane forklift, telescopic mast forklift, quad mast fork lift.
Caterpillar forklift, Clark fork lift, Crown forklift, Daewoo forklift, Dockstocker fork lift, Drexel forklift, Elwell fork lift, Genie man lift, Grove man lift, Hoist forklift, Hyster forklift, JLG man lift, Kalmar forklift, Komatsu fork lift, Lift Dynamics forklift, Linde fork lift, MEC man lift, Mitsubishi forklift, Prime Mover fork lift, Raymond forklift, Royal fork lift, Sellick forklift, Skyjack man lift, Snorkel man lift, Taylor forklift, TCM fork lift, Terex man lift, Toyota forklift, Upright man lift, Wiggins forklift
Forklift equipment financing is very popular among most Canadian leasing companies due to the long useful life of the assets and the fact that its relatively easy to sell a unit into the used market if required.
Get a Equipment Lease or Loan Financing That Meets Your Business Needs.
Because leasing companies actually lease the units they finance on your behalf, they have to understand how to liquidate the asset if it’s returned at the end of an operating lease or if there is lessor default in which case the asset would have to be returned to the leasing company.
For highly commoditized equipment like forklifts that can be used in all sorts of industry applications, the used forklift equipment market provides equipment financing companies with the opportunity to provide great rates and terms for both new and used units due to their high perceived security value.
Used equipment purchases may carry slightly higher rates, but when you consider that most forklift lease approvals are at or near 100% of the purchasing costs, the high financial leverage usually more than makes up for a slightly higher cost of financing.
If you are trying to locate and secure warehouse equipment financing for new or used forklift equipment for your Canadian business, please give us a call so that we can quickly review your requirements and provide you with lease and loan financing options to consider.
Equipment Financing For Pallet Jacks and Other Lifting Equipment
Do You Need to Finance Material Lifting Equipment?
Lifting equipment financing is available for all types of lifts, jacks, and material moving equipment as well as the related support equipment and accessories.
While this is in no way meant to be a complete listing of all types of lift equipment that can be financed through loan or lease, here are some of the more common items that are regularly financed by Canadian equipment financing companies.
Econo pallet jack, bishamon pallet jack, wire deck, pallet rack, forklift extensions, pallet truck, ergo lift, ergonomic lift, straddle stacker, hand pallet truck, sky jack, hand truck, platform truck, electric pallet jack, used pallet jack, steel pallet jack, low profile pallet jack, corrosion resistant pallet jack, scale pallet jack, four way pallet jack, skid lift pallet jack, outdoor pallet jack, lift and tilt pallet jack, drum pallet jack.
Lease financing starts at $1,500, but smaller items can be purchased together and put into one equipment leasing facility.
Regardless of what type of pallet jack or other form of material lifting equipment you’re interested in, there is a good chance we have an equipment financing solution for your business.
For used lifting equipment, financing can still be available, although the rates and terms may be slightly higher than for new equipment. Regardless of whether you’re buying new or used, one of the best buying strategies is to get a leasing pre-approval for the amount of money you want to spend and the type of lifting equipment you’re looking for.
With an approval in hand, you can now bid more aggressively at equipment auctions or place strong offers with vendors knowing that the capital is readily available, and if your bid or offer is accepted, the deal can be closed quickly, allowing you to take advantage of the best available pricing.
Get an Equipment Financing Solution That Meets Your Business Needs.
Even if you make a cash purchase of warehouse related lift equipment, companies will buy the equipment from you up to 6 months after your cash purchase, allowing you to put the money used back into use in your business.
If you’re looking to finance the purchase of pallet or other material lifting equipment, please give us a call so that we can quickly assess your situation and provide relevant equipment financing and leasing options for your consideration.