Talk to a lender today about equipment financing options that might be right for your company. The medical industry relies on highly expensive and technical equipment to ensure patients receive the best treatment possible. This not only makes companies look unprepared, but also costs them the potential for added revenue.
You can get some of the lowest interest rates and flexible repayment terms with term loans. Another reason companies or business owners may consider leasing is related to the nature of the equipment being acquired. If you’re looking to finance equipment that quickly becomes obsolete and needs to be replaced, such as computer equipment or small printers, then leasing may be a much more favorable option. Leasing, rather than buying, equipment may be an attractive option for any number of reasons.
Dependable Equipment Loans For Small Business Owners
We also have funding options for middle market companies and large-ticket equipment, with up to $500,000 or more available. There are several different ways to go about financing heavy equipment, depending on whether you’d prefer to own the heavy equipment or simply operate it for a set period. You can lease almost any type of new or used equipment, from restaurant equipment to trucks and heavy machinery. Here are just some examples of types of equipment that you can lease. If your business changes how it does things regularly or you’re in an industry that is constantly being disrupted with new technologies then this could be particularly relevant. There are many benefits to using leasing to finance your business purchases.
- Nevertheless, it’s easy to project repair costs depending on how the equipment has been performing while you are using it.
- Your payments will stay steady over time and you’ll know exactly how much you’ll be paying for how long.
- Opting to finance lets you keep your capital in the bank, giving you peace of mind to know that if anything happens, you have the financial means to work through it.
- That way, if you take good care of the equipment, you can keep it.