Equipment Financing Blog Posts

Equipment financing is low key one of the more complicated types of business financing. Not only do you want to keep in mind factors that apply to all business loans like interest rates, your ability to qualify, and term lengths, but you need to consider how the equipment you’re purchasing retains (or doesn’t retain) its value and utility over time.

Credit scores are a frequent roadblock for businesses when it comes to looking for financing in general, and equipment financing is no exception. Whether you’re concerned that you won’t qualify, or you just want to avoid hard pulls on your credit, you may be wondering if you can get equipment financing with no credit check.

Computers, IT equipment, and related items pose unique issues for businesses trying to decide whether to lease or buy. Tech equipment becomes obsolete more quickly than almost any other type of equipment, making it a poor long-term investment. At the same time, many businesses need to keep their tech hardware up-to-date in order to remain competitive. Should you buy or lease your tech equipment? Read on.

If you can’t afford restaurant equipment up-front, an equipment lease is a great way to get the appliances you need. Find out how restaurant equipment financing works and check out some of our favorite lessors in this article.

Whether you’re looking for an equipment lease or loan, one of these seven equipment financing companies is sure to be the best option for your small business.

A lease line of credit — also known as an equipment line of credit — addresses that issue. Rather than financing a specific piece of equipment, the lender will grant you a line of credit for a limited period of time (typically one year). Similar to a personal or business line of credit, you’ll be given a credit cap.

A tax lease is a rental agreement in which the entity financing the lease (lessor) retains ownership of the asset in question for the duration of the lease with regard to tax and bookkeeping purposes. Tax leases last less than a year.

If you’ve been searching the internet for information about equipment leasing, you’ve probably run into a wall of industry jargon. Between captive lessors, capital leases, equipment financing agreements, and references to Section 179, the terminology can get pretty opaque. This is especially true when it comes to TRAC leases. If you’ve ever wondered what the TRAC lease is, how it works, or even just what the acronym stands for, you’ve come to the right place.

When it comes time to replace or upgrade your equipment, you’ll quickly notice that there are a lot of companies willing to finance your assets with equipment leases. These companies often provide a very useful service, particularly for businesses that need to spread their costs out over time. However, this post isn’t about the benefits […]

Whether you’re paving a road or writing software, sooner or later you’re going to need to buy, upgrade, or replace your business-related equipment. Unless you’re lucky enough to have a lot of cash on hand, the costs of doing so out of pocket may prove prohibitive. If you don’t have the luxury of waiting, you’ll need to seek financing. When that happens, you should consider an equipment loan.