Equipment You Need to Expand Your Business
Equipment can be acquired using either loans or leases, but leases are the most popular because equipment loans require down payments of up to 30% of the equipment cost, whereas leasing covers 100% of the cost of the equipment.
With leases you get immediate use of the equipment with minimal up-front cash required, as most leases require only one or two monthly payments in advance.
We can finance almost any type of business equipment:
- Computers and other technology equipment
- Commercial Printing Equipment
- Construction equipment, including Cranes
- Furniture & Fixtures
- Industrial Machines
- Government and Municipal Equipment
- Heavy Equipment, including non-titled vehicles
- Medical Equipment
- Trucking Equipment and Vehicles
- Waste Management equipment and vehicles
- And many others
The best part about our equipment lease financing is that we can finance up to 100% of the cost of your equipment and soft costs. In many cases, we can get same day approvals. There are flexible terms and fixed monthly payments. And, both new and used equipment can qualify.
Bad credit? No problem. We have financing programs that can be a great option if your credit rating is less than perfect, and the equipment acts as collateral too. These alternative programs also provide you with the chance to rebuild your credit.
Special Financing Situations
Sale & Lease Back:
Many companies need working capital for expansion but don’t want to use their bank lines of credit. We have programs where equity in your existing equipment can be used to give your company the working capital it needs and for a longer time period.
We arrange to have your equipment purchased from you and leased back to you. When all the payments are made you own the equipment again.
The great news is that the repayment can be over several years with fixed monthly payments. This provides you more permanent capital than can be obtained through your working capital line of credit. Plus your working capital line of credit needs to be renewed every twelve months.
Most financial institutions will not finance companies that are just starting a business or have been in business for less than two years. We can help you start or expand your business by obtaining lease financing for the equipment you need to be successful.
Learn more about our offerings for startups
Whether you choose an equipment lease or loan, MultiSource Finance is the right choice. Call us today for more information on equipment financing options, and how they can enhance your business and cash flow.