EQUIPMENT FUNDING.
EQUIPMENT LINE
OF CREDIT.
When your business needs new or updated equipment or to replace a broken or malfunctioning piece of equipment, every moment counts. Delays in acquiring essential assets can lead to productivity losses, increased labor costs, unhappy customers, and missed sales opportunities. An equipment line of credit (ELOC) from Capital Equipment Lending gives you fast access to funds that can be used to procure business equipment.
With an equipment line of credit, you can instantly draw the money you need from your business’s checking account, up to a pre-approved limit, to purchase equipment or cover equipment repair and maintenance costs. You only repay the amount you borrow, plus interest. - Equipment lines of credit up to $10 million
- Unsecured—no collateral required
- Simple application
- Favorable rates
- Only pay for what you use, plus interest
Following are the minimum requirements for an equipment line of credit from Capital Equipment Lending.
- Minimum two years in business
- Three months’ business bank statements
- Favorable payment history
EQUIPMENT FINANCING.
Are you looking to buy business equipment but don’t want to deplete your business’s capital or take out a traditional bank loan? Equipment financing—also known as an equipment loan—is worth considering, and it is available at Capital Equipment Lending. This solution does not require a significant upfront payment like a one-time cash purchase; it allows you to spread the cost of the equipment over time, making it more manageable than paying for it upfront. Capital Equipment Lending offers 100% financing for qualified borrowers, meaning no down payment is required.
With equipment financing, the equipment you purchase is used as collateral to secure the funding. You will be required to make monthly payments to repay what you borrow, plus interest. Once you’ve paid off the equipment loan in full, you own the equipment. - Application-only up to $500,000
- Simple online application
- One-hour credit decisions
- Same-day funding is available
- Competitive rates
- Flexible repayment terms
- 100% financing available, including soft costs
Following are the minimum requirements for equipment financing from Capital Equipment Lending.
- Minimum two years in business
- Three months’ business bank statements
- Favorable payment history
- Business in good standing
- Equipment quote or invoice
EQUIPMENT LEASING.
If you want to lease equipment instead of buying it outright, Capital Equipment Lending has a solution. We can tailor an equipment leasing solution for your business with monthly payments that work with your budget, ensuring your cash flow remains stable. Equipment leasing allows you to access the latest equipment and technology, keeping your business competitive and innovative while helping protect against technological obsolescence. Plus, leasing provides greater flexibility to upgrade to newer equipment models as they become available.
When you lease business equipment, you make monthly payments that include interest over a set term to use the equipment. Once your lease term ends and you’ve made all payments, you may have the option to extend the lease, buy the equipment for its fair market value (FMV), or simply return the equipment. - Application-only up to $500,000
- Simple online application
- One-hour credit decisions
- Same-day funding is available
- Competitive rates
- Flexible repayment terms
- 100% financing available, including soft costs
Following are the minimum requirements for equipment leasing from Capital Equipment Lending.
- Minimum two years in business
- Three months’ business bank statements
- Favorable payment history
- Business in good standing
- Equipment quote or invoice
