Equipment Financing is available for any business seeking to leverage equipment or acquire pieces of equipment. The most common industries are manufacturing, transportation, construction, and asset-intensive industries. Equipment financing can help expand a current location, finance management, and partner buyouts, refinancing of existing debt, or unlocking cash from existing equipment to meet working capital needs.
Equipment financing can be added to an ABL with the availability determined on an amortizing basis like a term loan. Alternatively, equipment financing can be provided alongside an ABL facility in a term loan that is coterminous with the ABL facility.
EQUIPMENT FINANCING ASSET BASED LOANS
Financing offered as part of an Asset Based Loan or on a stand-alone basis through various programs including Sale-Leaseback, Capital Lease, Finance Lease, or Term Loan.
- Facility sizes from $100,000 - $25,000,000
- Advance rates up to 75% of Forced Liquidation Value
- Rates starting at 7%
- Low / No covenant facilities
- Revolving Lines of Credit available in certain situations
Turn your equipment into cash NOW, and gain the working capital and the peace of mind your company needs to succeed.