1West experts and our ABLE Automation Engine work together to find you more competitive rates as low as 7%. You can finance corporate aircraft such as airplanes, jets, helicopters, drones and more. Specialty commercial and municipal vehicles, construction vehicles, trucks, trailers, & more. The lender states that, given the forklift’s age and other factors, it has a market value of $10,000. That’s the amount the lender believes the forklift could be sold for at market to recoup loan losses.
Once your submission has been processed, one of our friendly business consultants will contact you with your approval status and timeframe. ✔ Get the equipment you need to succeed without hurting cash flow. Business car and equipment finance Find the right finance solution for your vehicle and equipment needs. In 2017, over 6 million homes were sold across the United States, and nearly 90% of sellers used a real estate agent to help them through the process. Right now, there are over 2 million Americans with active real estate licenses, and over 1.3 million members of the National Association of Realtors .
How do you get the best financing option for construction equipment?
1 Our simple Replacement Pathway is available for businesses who are upgrading or replacing business cars or equipment currently under finance. Approvals are conditional and subject to the replacement asset being suitable to the Bank. The asset being purchased must not be older than the asset being replaced. The finance agreement on the asset being replaced must be repaid and the new repayment must not increase by more than 25 per cent.
- This also means that lenders may not require a down payment from the business.
- You’ll get to compare your matches and see who has the best offer.
- There are a number of different equipment financing solutions available on the market today.
You can use the proceeds of a business loan to purchase almost any kind of business equipment, from computers to cars— construction equipment, heavy equipment, and everything in between. Businesses that utilize specialized equipment to carry out operations can benefit and increase revenue from an upgrade. Here’s how equipment financing loans can get you on track to grow your business.