Don’t let limited budgets stop you from getting the equipment your company needs to keep growing and meet its business objectives. Our lease and loan financing programs provide you with the ability to procure state of the art equipment, software and services with affordable financing programs that can be customized to meet almost any budgeting need. We have financing solutions that support almost any equipment your business depends upon to stay competitive:
We make borrowing at Equipment Street Finance simple, secure and convenient. We give you the confidence of knowing that you will never be charged with unexpected fees, your interest rate will never change during your repayment term, no collateral is ever required. We are here to help small businesses get the capital they need without making the process so painful and complicated that it takes you away from what you do best… running your business.
You have a variety of payment options when it comes to acquiring the equipment you need. Before utilizing your valuable cash and bank credit lines, many businesses opt to use repayment plans as the most effective means of acquiring new equipment. We are here to help you learn more about how financing can meet your equipment procurement and cash flow needs all at the same time.
Equipment Street offers business owners a variety of plans to meet any cash flow requirement. Select from the following options or contact us to discuss your unique payment requirements.
$1.00 Buy Out —Once the lease term expires you can simply purchase the equipment for one dollar. Terms can range from 12 to 60 months and may require two payments in advance.
Fair Market Value Plan — This plan offers you the lowest payments and most flexibility. At the end of the lease term you can choose to purchase the equipment for its then fair market value price, return it or continue to lease.
Equipment Finance Agreement — Maintain ownership while you pay off your equipment with affordable monthly payments.
Seasonal Plans —If your business has high and low selling seasons, we can customize a repayment plan that matches your cash flow cycles.
Custom Plans —We can build payment plans that support the way you do business. Share with us your budgeting goals and your Equipment Street Financing Counselor will create a monthly payment schedule that’s right for you.
As a business you have many purchasing options available to you when it comes to acquiring equipment. Equipment financing provides many advantages and benefits that need to be considered before you utilize your cash, bank lines or credit cards. Here’s why more and more businesses are choosing financing as their preferred purchasing strategy:
Preserve Your Cash —In a growing business maintaining adequate levels of working capital is critical. Lease and loan financing provides capital to support your equipment procurement needs so that cash can be used for your more vital operating needs.
It's More Convenient —In many cases, equipment costs up to $100,000 can be quickly approved with only a simple one page application. No financial statements; no need to visit your bank’s branch office; no long wait.
Get Tax Benefits —Depending on the structure of the financing and your company’s tax position, you may be able to deduct the full monthly payment against taxable income. Equipment financing does not contribute to AMT exposure.
100% Fixed Rate Financing —Banks generally require a large down payment and force you to open a checking account as well as maintain a minimum balance. Commercial bank loans are also generally priced over the Prime Rate, which can fluctuate during the term of the loan.
If you’ve owned and operated a relatively healthy business for two years or more, and are seeking short term (6 to 12 months) loan from $5,000 to $100,000, a small business loan from Equipment Street Financing offers a fast and convenient way to achieve your working capital goals. Here’s why companies like yours are taking advantage of our working capital program:
Easy to Apply — With our automated loan process, businesses can know if they credit qualify for an Equipment Street small business loan within minutes.
No Up Front Costs — There are no upfront costs to apply or qualify for our small business loan.
Affordable Rates — Equipment Street Finance offers small business loans without the bureaucracy encountered with a bank and at a fraction of the cost of a merchant cash advance.
Fixed Daily Loan Payments — Fixed automated daily repayments means businesses don't have to worry about managing cash flows to make next month's payment.
No Prepayment Penalty — There is no prepayment penalty or pre-set amount on our loans because we are not factoring your receivables. It's OK to pay off loans early and further reduce your borrowing costs.
Loan Renewals – Our members are eligible to apply for loan renewal once 50% of the loan has repaid. Benefits of a renewal can be a higher loan amount or lower rate with good repayment history.
Your Equipment Street Financing Counselors can assist you in creating repayment plans that match your business with the right financing option. Use our Hands Free Financing services to prepare quotes, complete all the paperwork for you, and even work directly with your seller to make sure your purchases goes smoothly. Call us at 877.956.4858 for a free consultation today.