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Finance new or used equipment, or raise cash against equipment you own, through a direct lending partner — or use working capital we provide in house.
Equipment financing pays for a specific purchase — a truck, an oven, a lift, a chair, an X-ray unit — over a term matched to how long it will earn, so the machine does not come out of the cash that runs the business. Equipment financing is arranged through a direct lending partner, only after talking through the options with you and only if you choose to, at no fee to you; the partner’s terms, including any filing on the equipment, are set out in writing before anything is signed. Placement is free: we charge no fee for arranging it, and the partner’s written terms state its full cost before you sign. What we fund in house is working capital, and for many equipment purchases that is the simpler answer.
Most of the work is between the partner and the vendor. You choose the equipment and send the vendor’s quote or invoice; the financing pays the vendor against that invoice, and you repay over a term set against the equipment’s useful life, so you are not still paying for a machine you have already replaced. New and used equipment can both be financed, and a partner can also refinance equipment you already own, or buy it from you and lease it back. The partner’s terms, including the amount, the price, any deposit, the term and any filing on the equipment, are set out in writing before anything is signed.
There is a question that comes before the financing, and it is whether the equipment should be owned at all. Owning has a holding cost — the value the machine loses, the cost of the money tied up in it, insurance, property tax where it applies and the space it occupies — and that cost runs by the calendar whether or not the machine works, while rent runs only in the months you use it. So every machine has a level of use below which renting is cheaper however well the purchase is financed. Work that number out from your own job or dispatch records before asking for a quote: a machine that clears it comfortably is an ownership decision, and one that does not is a rental whatever the payment looks like.
An equipment facility is sized by the partner against the equipment and its resale value, and the amount is stated in writing with the partner’s other terms. If working capital we fund in house fits the need better, it is sized the usual way: 80%–150% of average monthly revenue, within $5,000 to $10 million.
Yes, through direct lending partners: we arrange it rather than fund it ourselves. Working capital and unsecured funding are what we fund in house, and they are the core of what we do. Equipment financing is arranged through a direct lending partner, only after talking through the options with you and only if you choose to, at no fee to you; the partner’s terms, including any filing on the equipment, are set out in writing before anything is signed.
Yes. Used and refurbished equipment, including auction purchases, is commonly financed, and its age, hours and condition shape the partner’s offer. Send the listing or the vendor quote with your application; the partner’s terms are set out in writing before anything is signed.
Direct lending partners often finance the full quoted amount, depending on your revenue and the equipment; the partner’s terms, including the amount, the price and any filing on the equipment, are set out in writing before anything is signed. Send the vendor quote with your application: we read your four months of statements first and talk through whether equipment financing through a partner or working capital we fund in house fits better.
Raising cash against equipment you already own — refinancing it, or selling it to a funder and leasing it back — is also arranged through a direct lending partner, at no fee to you, on the partner’s written terms. Read the partner’s collateral description and the total cost in dollars as you would on a new purchase.
Yes. A vehicle the business buys — a truck, a van or a car — is financed like equipment: arranged through a direct lending partner, only after talking through the options with you and only if you choose to, at no fee to you; the partner’s terms, including any filing on the vehicle, are set out in writing before anything is signed. Send the dealer’s quote with your application.
That is set by the partner, in writing, before anything is signed, so read the collateral description rather than assuming: equipment finance commonly takes an interest in the financed equipment, and a blanket filing against everything the business owns is a different thing.
Working capital is what we fund in house. It is sized from your deposits — 80%–150% of average monthly revenue — and you direct it across payroll, materials, installation and the costs around a purchase. Tell your advisor the whole picture: the equipment may go to a partner while the working capital stays with us, or working capital alone may cover it.
By what is left of its working life, not by the payment you would like. An underwriter estimates the economic life remaining against how hard you will run the machine and sets a term that ends well before it stops earning. A low-hour machine leaves room for a long term; one already carrying most of its life on the clock gets a shorter term or a larger deposit, which is a structural decision rather than a pricing one.