Why Finance?

Equipment financing often comes in the form of an equipment loan  or lease. One of the most significant advantages of equipment financing  is that it allows you to conserve your cash flow. Instead of spending a  large sum of money upfront to purchase the equipment, you can spread out  the cost over time with fixed monthly payments of 2-6 years, sometimes  longer.           

Business conditions move quickly but some traditional  financing methods often involve lengthy paperwork and extensive review  processes, causing delays that can hinder business operations. That  isn’t the case with equipment financing with EquipLoan. The application  is simple, and the turnaround times are fast. This allows you to quickly  access funds to finance equipment once your application has been  approved.

Maintaining a healthy credit line is crucial for businesses,  as it provides working capital for future opportunities, important  business operations and unforeseen expenses. By choosing equipment  financing, your business can preserve their existing credit lines,  maintaining financial stability and strength.

Depending on the equipment financing program chosen there are  different tax advantages available to small business owners. One popular  and important tax law is the Section 179 which allows businesses to  deduct equipment placed into service with generous limits. Always  consult with your tax consultant for confirmation of tax benefits.