Equipment Loans

Equipment is often the cornerstone of a business. If you run a manufacturing, medical diagnostic, or restaurant business, you know how important your equipment can be. You also know how expensive the upfront costs of new and upgraded equipment are.

Equipment Loan Benefits

N

Manage upfront equipment costs.

N

Try out new equipment before you buy.

N

Get cash from equipment equity.

What is an equipment loan?

Equipment loans help your business manage these expenses and break them down into easier payments over an extended period. Being able to upgrade or replace your equipment quickly helps you keep up with demand and stay ahead of your competition. Don’t waste time hoping your old equipment will sell or waiting for the deal of a lifetime to come along. Bring in the machines, vehicles, and technology you need now with the help of an equipment loan.
Inquire Here

Increase Production with Equipment Leasing

Leasing is a great way to get equipment and tech in the door, especially when your industry is under constant change. Use a lease when you need the latest technology. Trial products before you buy to provide your team time transitioning to new tools and processes.

Because maintenance and repairs are included with most equipment leases you’ll have less variable cost. In many cases you’ll have access to an alternate tool while yours is in the shop.

Traditional and non-traditional lenders available to you

In Capital Accessible Through Our Network

Fastest time to funding through Platz Capital

Loans

With the rapid pace of technology, the equipment you’re using now may soon be outdated. The push toward automation and 5G has many industries reformatting their workflows for safety, speed, and efficiency. But new tech rarely comes cheap. That’s why equipment loans are designed to put updated equipment within your reach. Choose your ideal amount, terms, and rates by speaking with a qualified broker today.

Leases

Equipment loans can be a great solution, but they don’t always fit the situation. Leases are a convenient alternative when you don’t want to commit to a full purchase. Use a lease to try out equipment before you decide to work it into your production process. Lease equipment when it needs frequent replacement or repairs to avoid being locked into financing for equipment you no longer use.

Leasebacks

A sale-leaseback is a reliable way to get extra capital for special projects, unanticipated bills, payroll, or events. Sell your working equipment for a percent of its market value and put the cash toward your expenses. The equipment stays in place, where you continue to use it by paying a fee back to the new owner.

1

Step 1 - Preapplication

This is the step the banks miss. You'll give us simple information that will help us position you for funding.

2

Step 2 - Financing Selection

Our team sources and presents offers along with the critical information you need to make decisions.

3

Step 3 - Closing

We facilitate the process from final selection to closing to create the smoothest process possible.

BEGIN THE PRE-QUALIFICATION PROCESS

Inquire Here

F.A.Q.

Q. When should I lease equipment?
Leasing is most effective when you don’t intend to keep the equipment for at least ten years. The equipment might become outdated, worn out, or no longer useful to you. Equipment leasing is the better choice in this example because you can simply choose not to renew your lease when the time comes. The equipment goes back to the owner and you’re free from payment obligations. With an equipment loan, you’ll be required to keep up payments until the end of your loan term.
Q. When should I get an equipment loan?
Loans are a good choice when you want to buy equipment that you expect to have for ten years or more. This type of financing is best for heavy-duty machines and vehicles that are built to last. You can use the equipment itself to secure the loan or use other collateral as security.
Q. Is it hard to get an equipment loan?
There are many sources for equipment loans and each lender has unique requirements. However, since most equipment loans use the equipment as collateral, equipment loans can be easier to get than other forms of financing. A qualified broker can show you a range of equipment financing options and help you decide which is right for your business.
Q. How much can I get for my equipment in a sale-leaseback?
How much cash your equipment will generate depends on your lender, your business, and the type of equipment you’re selling. Some lenders will give 50% to 75% of the value of the item. The age and condition of your equipment will also weigh into the lender’s decision. To get an accurate picture of what you can generate with a sale-leaseback, speak with a qualified loan broker.