Equipment Financing Companies Near Me

Here are 4 of the best equipment financing companies for startups.

Equipment financing companies near me. Nationwide equipment leasing financing company. Equipment leasing companies most common lease type is a capital lease which may also be referred to as a nominal or 1 dollar buyout lease. Headquartered in minnetonka mn we lease and finance capital equipment and assets for businesses nationwide. A premier finance company klc financial inc.

Leverage equity with a secured loan you can take advantage of the equity in your existing equipment or use newly purchased equipment as collateral. Our mission is to help you gain access to the very best leasing and financing products to grow your business. See what falcon leasing can do for youfalcon leasing is here to help with your equipment financing needs during the covid 19 pandemic. In february 2020 credit approvals for equipment financing totaled 74 7 percent according to the elfa s monthly leasing finance index.

Capital leases as a whole share the advantage of fixed monthly payments. Most equipment financing companies won t touch startups and of those that do the majority want to deal only with borrowers that have pristine credit or so much money in the bank that they don t really need financing. We finance general purpose equipment such as packing machines and office equipment heavy industrial equipment such as manufacturing lines printing presses and stationary machinery construction equipment and commercial vehicles typically greater than 2 5 tons such as heavy trucks and trailers. We understand that your business is an extension of you.

We also have tax leases master lease lines off balance sheet financing gaap operating leases trac leases terminal rental. The equipment financing companies on our list were chosen based on the following criteria. Flexible repayment terms with no prepayment penalties. Taycor financial has been a partner to the small and medium sized business community for nearly three decades.

At crest capital our strength is providing small and medium sized businesses with the equipment vehicle and software financing you need at better rates while also eliminating the hassle often encountered with typical bank loans. Funds available within one week of approval. Was founded in 1987. This figure fell from 76 3 percent in january.

Klc financial is built on strong relationships with our customers vendors and bank partners. And at the same time the total number of dedicated equipment finance companies was down 3 1 percent year over year. Minimum fico score requirement below 700.