Equipment Financing
Equipment is the backbone of many businesses, enabling them to operate efficiently and stay competitive in their respective industries. However, acquiring the necessary equipment can be a significant financial commitment. That’s where The Working Capital Marketplace comes in, offering flexible equipment financing solutions to help you acquire the tools and machinery your business needs to succeed.
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Key Features of Our Equipment Financing:
Flexible Terms up to 6 Years:
We understand that the lifespan of equipment can vary significantly, which is why we offer financing terms of up to 6 years. This flexibility allows you to align your equipment financing with the useful life of the assets, reducing the financial strain on your business.
Streamlined Application Process:
Our application process is designed with your convenience in mind. To get started, all you need to do is provide us with an invoice or quote from the equipment vendor, along with a simple application form. We also require basic financial documents, such as business bank statements and/or financials, to assess your eligibility.
Financing for New and Used Equipment:
Whether you’re looking to invest in brand-new state-of-the-art machinery or prefer the cost savings of used equipment, our financing options cover both. We believe in providing you with choices that suit your budget and needs.
Exceptional Support:
Our team of experts is committed to guiding you through the equipment financing process. We’ll work closely with you to understand your requirements, answer your questions, and ensure a seamless experience from application to funding.
Equipment We Typically Finance
While our equipment financing solutions cover a wide range of assets, including machinery, vehicles, and technology, we do want to be transparent about our limitations. Equipment that floats or flies, such as boats and aircraft, may pose challenges for financing through our program. However, for all other types of equipment, we’re here to help you secure the financing you need.
Why Choose Equipment Financing with Us:
Preserve Capital:
Financing equipment allows you to preserve your working capital for other business needs, such as payroll, marketing, and expansion.
Tax Benefits:
Depending on your jurisdiction, you may be eligible for tax deductions or credits on equipment financing interest and depreciation.
Stay Competitive:
Access to up-to-date and reliable equipment can enhance your operational efficiency and competitiveness.
Flexible Terms:
Our flexible financing terms and straightforward application process cater to your unique business circumstances.
Are we a match? Check our equipment financing requirements.**
1 Year
in business
625
personal FICO® score
$100K
business annual revenue
Business
Business Checking Account
What will underwriters use to qualify you for an Equipment Financing?
Credit History
Business Financials
Equipment Details
Down Payment
Ready to Apply for Equipment Financing?
At The Working Capital Marketplace, we understand the importance of having the right equipment to run your business efficiently. Our equipment financing solutions are designed to simplify the process, offer flexibility, and provide you with the capital you need to acquire the equipment that can drive your success. Contact us today to explore your equipment financing options and take the next step towards achieving your business goals.
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Reviews
What Customers Say?
Sylvester Henderson2024-03-12Great business they will help your business CHRISTIAN IS GREAT
New Horizons Construction LLC David Robertson2024-02-23Easy to work with.
Butch G2023-09-21Amazing experience with this company. They walked me through my entire funding process start to finish and got me the terms they said they'd deliver. I'm grateful for the high level of integrity from Marcos, Ari and the rest of the team. I appreciate the level of professionalism they invest in their service. I would highly recommend to small business owners and investors alike!
Gabriela Figueroa2023-08-15Quick funding and friendly, informative service. Will absolutely be a returning customer, thanks Team!
Melissa Mandarich2023-02-06Recently worked with Ari and Marcos on a complex transaction and it was as smooth as it could be with these two. Great to work, highly recommend.
Tanner Cohen2023-01-11I worked with MCU Consulting LLC which is under the Working Capital Marketplace umbrella and i couldn't have been happier with the loan process! Ari and Marcos are true processionals who understand my needs as an investor, the time crunch to close, and are easy to talk to and work with. I highly recommend working with them if you are looking for a broker who can help you close quick and seamlessly! Thanks for all your help guys!
FAQ’s
What is Equipment Financing?
Equipment financing is a pivotal tool for businesses across various industries, facilitating the acquisition of essential equipment. It involves entering into a loan or lease agreement to purchase or rent equipment necessary for business operations.
What Can Be Financed?
Nearly all essential business assets can be financed, including new and used equipment like forklifts, racking systems, IT infrastructure, tools, and vehicles. Financing often covers 100% of the costs, including “soft costs” such as shipping, installation, taxes, and maintenance.
Factors Influencing Interest Rates
Interest rates are influenced by various factors including the loan term, transaction size, creditworthiness, the asset being financed, and prevailing market conditions.
How Equipment Loans Work and Their Benefits?
An equipment loan involves immediate ownership with the lender holding a security interest. Benefits include the avoidance of large upfront cash outlays, conservation of business capital, fixed-rate terms, up to 100% financing, and the ability to tailor financing size and terms to the asset’s useful life.
Understanding Equipment Leases
In an equipment lease, the lessor owns the equipment, while the lessee pays to use it over a specified period, often with usage restrictions. Leases can offer flexibility and may be advantageous for businesses not looking to own equipment outright.
Documentation for Financing Requests
The requirements vary with transaction size. For amounts up to $250,000, a simple one-page application and equipment quotes may suffice. Larger transactions typically require detailed financial documentation.
Benefits of Financing
Financing offers significant advantages such as avoiding upfront cash expenditures, preserving business capital, and benefiting from fixed-rate terms. It allows for custom-tailored financing in line with the asset’s lifespan, and often provides more favorable conditions compared to traditional bank loans.
Tax Benefits of Equipment Leasing
Consulting a tax advisor is recommended for understanding the tax implications of different lease types. FMV leases offer direct expensing benefits.
What Factors Determine Interest Rates?
Interest rates are determined based on creditworthiness, loan or lease terms, and collateral value. Various factors influence creditworthiness, including business longevity, industry, revenue, and financial health
Are there Any Financing Options for Bad Credit?
We strive to accommodate financing even in less-than-perfect credit scenarios, potentially requiring additional collateral or a significant down payment.
How can I Finance Additional Equipment in the Future?
Establishing a long-term relationship with us simplifies and expedites future financing processes, with many clients choosing us repeatedly for their financing needs.
What are the Leasing Amount Limits?
Our general leasing and loan range is from $5,000 to $5,000,000, with flexibility for exceptions.
Are there Early Payoff Options?
Early payoff of loans or leases is an option, potentially benefiting your financial standing through reduced debt or interest.