Business Equipment Funding

As a small business owner you know the value of updating and replacing business equipment financing. It can be an expensive undertaking. If you are considering financing to make your company more viable and to make capital improvements, here are a few things to consider:

Benefits Of A Small Business Equipment Loan

  • When you own your business equipment financing, the control is in your hands. You can decide when alterations are needed or when maintenance should be scheduled. Problems can be addressed immediately; you don’t need to get permission to make changes. You also have the option to sell the business equipment financing when you outgrow it or no longer need it. This allows you to recover some portion of the initial cost.
  • Once you buy your business equipment financing, you do not have to worry about agreements and contracts. You purchase what you need and what suits your business.
  • You are not limited by a leasing company’s stock. You can shop around and purchase the exact model or brand that is best for your company.

When you start narrowing down on the type of business equipment financing your business needs, it’s a good idea to thoroughly consider the options of leasing versus buying. Depending on your circumstances, the cost-benefit of one option may strongly outweigh the other. The chart below gives you some idea of how Working Capital Financing works versus how leasing agreements work.

Business Equipment Financing or Lease

  Financing Lease
Payment Option Down payment needed. Generally, no down payment. Payments function much similar to a rental.
Terms of Ownership You own legal title to the Equipment. The lease holder may be allowed to purchase the equipment at the end of the term of the lease, but lessor usually holds title to the equipment.
Collateral Required If going for a traditional loan, your credit worthiness determines if a business loan may require current or fixed assets for collateral. Online financing does not require collateral. The collateral is usually the leased equipment needed to secure the transaction.
Assets Eligible to Borrow Against/Finance Financing can be used to pay for a broad range of capital needs. A “Master Lease” acts as an umbrella for the financing of equipment outlined by schedules to the Master Lease.
Tax Incentive or Tax Deduction under Section 179 of the IRA Tax Code Tax incentives are larger for purchasing office equipment, but there are some limits. Tax deduction can be up to 100% as an operational expense.

Business Equipment Financing

Fast Capital 360 works with a wide array of small businesses. Funding for your business is available in amounts between $5,000 and $2 million. Applying for online funding is uncomplicated: one page applications that are easy to navigate, safe and secure. Our quick decisions—within hours not days or weeks— help you to acquire and replace the business equipment financing you need without disturbing your cash flow.

For more information on why Fast Capital 360 is the best choice for your small business, contact us today at 800-735-6107.

Getting started is fast, easy,

and won't impact your credit score.