A recent Gallup survey found that 80% of U.S. businesses lease a portion of their equipment. The list of companies using leasing ranges from the Fortune 500 to the family store.
We offer equipment financing and leasing programs for startup and existing businesses. You can get approved even with challenged credit and you won’t need financials to secure equipment financing. Typically, approvals take as little as 24 hours.
This type of funding is good for business owners who want to borrow money to get equipment, or for owners who want to borrow against existing equipment they already own. The lenders are looking for credit scores above 640, and no major collections, tax liens, judgments, foreclosures, or bankruptcies on the credit report.
Businesses can use this financing to leverage existing equipment they already own to qualify for funding. Many other business owners use this type of funding to lease equipment and gain tax advantages without using out-of-pocket money to purchase that equipment.
When purchasing equipment our lease program will actually pay their equipment vendor 50% of the purchase price upfront so they are motivated to move quickly for your clients. Approvals for equipment financing can go as high as $2,000,000.
We offer many types of equipment financing including equipment Pronto Leasing, standard leasing, municipal leasing for state and local governments, equipment financing, heavy equipment financing, and more.