Equipment financing will help you purchase or rent the equipment your business needs to function.
With our financing, you will have the funds that can help your company grow to new heights!
What is Equipment Financing?
This type of financing allows a business to quickly and cost-effectively acquire, replace, or upgrade the necessary hard assets needed for their business to function. This is used specifically for financing a piece—or set—of important equipment. Generally, this is done without significant cash outlay. This is also a lower-risk way to obtain needed equipment than other alternative financing options.
How Does Equipment Financing Work?
Equipment financing is used when a business needs equipment but does not have sufficient funds or credit to buy it. In many cases, the equipment purchased is used as collateral to secure the loan. Utilizing our expert help in financing your most valuable equipment can give you the funds needed—without depleting your cash flow.
Our clients use equipment financing to:
Purchase expensive equipment that they cannot afford upfront
Replace outdated or damaged equipment
With equipment financing, a company has funds to acquire necessary equipment that they may otherwise have had trouble getting.
Process for Financing Your Equipment
Complete and submit a lease or buyback application to a company like Factor Funding to see if you qualify
Your request will be reviewed and a representative will contact you to discuss your status and funding options
Once approved, arrangements will be finalized
Factor Funding will then advance the agreed-upon sum or equipment to you!
Now you are free to use the equipment/funds your business so requires
Once you have qualified for our service, your next finance request with us will be available even faster!
For Small Businesses
Who uses equipment financing? Any business that uses hard assets such as:
Businesses often get our financing assistance for:
Purchasing expensive equipment
Replacing outdated or damaged equipment