Equipment Financing

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?

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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.

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Our clients use equipment financing to:

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Purchase expensive equipment that they cannot afford upfront

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Replace outdated or damaged equipment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

step 1

Complete and submit a lease or buyback application to a company like Factor Funding to see if you qualify

step 2

Your request will be reviewed and a representative will contact you to discuss your status and funding options

step 3

Once approved, arrangements will be finalized

step 4

Factor Funding will then advance the agreed-upon sum or equipment to you!

step 5

Now you are free to use the equipment/funds your business so requires

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Once you have qualified for our service, your next finance request with us will be available even faster!

Requirements For

Equipment Financing

Financing Key Equipment

Equipment financing is available to businesses that have:

A credit score of 650 or higher

Been in business for at least 1 full year

Annual revenue of at least $50,000

Required Documentation
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To complete our financing application, we may ask for some or all of the following:

  • Articles of Incorporation or Assumed Name certificates
  • Copy of applicants driver’s license and social security card
  • Accounts receivable aging and invoices
  • Copy of business/liability insurance
  • Customer list
  • Copy of contracts or purchase orders
  • Copy of operating authority (MC#_______) (Trucking)
  • Worker’s compensation insurance (temporary staffing firms)
  • List of all jobs currently working on (construction)
  • Federal Tax Identification #/W-9

Equipment Financing

For Small Businesses

Who uses equipment financing? Any business that uses hard assets such as:

For Small Businesses Vehicles
Vehicles
For Small Businesses Computers
Computers
For Small Businesses Machinery
Complex machinery

Businesses often get our financing assistance for:

Purchasing expensive equipment 1
Purchasing expensive equipment
Replacing outdated or damaged equipment 1
Replacing outdated or damaged equipment
And More 1
And more!

Benefits of Financing Your Equipment

— Especially with Factor Funding
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Reduce Your Credit Risk and Grow Your Business

Don’t try to float debt on credit cards or consider other creative financing solutions that could risk your credit. Contact Factor Funding today to learn how to reduce your credit risk and grow your business through our equipment financing program.

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Years of Experience

Factor Funding has been around for 20 years. We provide much-needed financing and other business services throughout the United States.

Get In Touch With Factor Funding

To Get Started with Equipment Financing

What better way to get the peace of mind you need surrounding your business funding than from an expert with years of experience helping countless others in exactly the same way?

Reach out for assistance to ensure that your feeling of being in a rut over finances doesn’t last long. We get companies the quick cash they need to get things done in the here and now.

Waiting around won’t get you to the next level and help you reach the goals you know your business is destined to achieve. We look forward to chatting about your company’s needs and how we might be able to partner with you. Here’s to your success!