Equipment Finance & Leasing for Small Businesses
- Likely Tax Advantages Under IRS 179
- Finance Rates as Low as 5%
- Flexible Payback Terms from 3 Months – 5 years
- Numerous Types of Leases (True, FMV, $1 buyout, etc.) for All Businesses
- Fast Approvals – Often Same Business Day
- Less Documentation and Faster Funding than Other Options
What is Equipment Financing?
Equipment leasing is basically a loan in which the lender buys and owns equipment and then “rents” it to a business at a flat monthly rate for a specified number of months. At the end of the lease, the business may purchase the equipment for its fair market value (or a fixed or predetermined amount), continue leasing, lease new equipment or return it.
The most common types of leases are fair market value (FMV) and dollar buyout leases. Businesses that choose to work with an FMV often obtain equipment that quickly depreciates in value. Dollar buyouts are ideal for ideal for those who plan on keeping their equipment at the end of the lease term. Other types of available programs are wrap leases, business expansion, refinancing, new business programs, sale lease backs and working capital loans.
How Does It Work?
If you need equipment or technology infrastructure to help your business grow without using your working capital or business credit lines, equipment financing is the answer. In addition to preserving cash flow, leasing offers tax advantages, helps build and maintain good business credit and allows your business to remain competitive and efficient. Almost any kind of equipment your business needs can be financed, including medical and dental, commercial vehicles, industrial equipment, computer hardware and/or software, restaurant and catering equipment, office furniture, telephone systems and more.
For leases less than $100,000, the client provides LendSpark with a simple, one-page credit application and information regarding the cost and type of equipment. Leases greater than $100,000 generally require a full financials package. Many times credit approval will occur that business day, and funding usually occurs within 24-48 hours after delivery and acceptance of the equipment. We offer competitive equipment lease interest rates for a variety of businesses. Call (760) 660-4355 today!
Leasing rates are based upon your credit history, the cost and type of equipment and the term structure you want. There are lease programs available across a broad range of credit profiles, industry types and time-in-business ranges – from start ups to mature companies.
LendSpark offers a wide variety of solutions and our experienced professionals will present you with the best fit for your needs, budget and business profile.