Key Takeaways: ; Leasing can help preserve cash and make financial planning more predictable. ; Moving the depreciation benefits to a lessor can reduce the cost of financing. ; Leasing equipment can be a hedge against obsolescence.
Lease Line of Credit · Approved with pre-qualified vendors for most equipment. Quick approval within 3-5 days. 0% down payment for 95% of clients. Single assessment for multiple purchases. Flexible terms of 24, 36, 48, or 60 months. Minimum amount of $25,000 with no maximum limit. Ideal for businesses needing ongoing access to equipment with minimal upfront costs. Standard Leasing · Optimized terms tailored to unique investment needs. Quick approval within 3-5 days. 0% down payment for 95% o...
Equipment Cost ($) · Lease Term · Annual Interest Rate (%) · Residual Value (%) · Lease Start Date · Monthly Lease Payment · Total Lease Payments · Residual Amount · Total Cost of Lease · Effective Annual Rate · Lease End Date
Equipment Value ($) · Lease Term · Annual Interest Rate (%) · Residual Value (%) · Lease Start Date · Monthly Lease Payment · Total Lease Cost · Residual Amount · Total Interest · Lease End Date
Term, Fixed Rate, Variable Rate ; 2–3 years, 6.50%, 7.25% ; 4 years, 6.50%, 7.25% ; 5 years, 6.50%, 7.25% ; 6–7 years, 6.80%, 7.25% ; 2–3 years, 6.75%, 7.50% ; 4 years, 6.75%, 7.50% ; 5 years, 6.75%, 7.50% ; 6–7 years, 7.05%, 7.50% ; 2–3 years, 6.95%, 7.75% ; 4 years, 6.95%, 7.75% ; 5 years, 6.95%, 7.75% ; 6–7 years, 7.15%, 7.75% ; 2–3 years, 7.25%, 8.25% ; 4 years, 7.25%, 8.25% ; 5 years, 7.25%, 8.25% ; 6–7 years, 7.45%, 8.25%
Written by Sarah George , Edited by Robert Thorpe ; Published on April 19, 2024 | 6 min read
10-Minute ; $15 Billion ; A+ Rating ; Equipment financing options for small businesses. Equipment financing commonly refers to one of two types of business funding: equipment loans or equipment leasing. Equipment loans are a form of secured funding in which the borrower uses the funds to purchase the equipment and the lender uses the equipment as collateral. Once the loan is fully paid off, the equipment is the businesses’ to keep, free of any lien. With equipment leasing, the lender buys the ...
Equipment information: Purchase price:* ; Down payment:* ; Sales tax rate:* ; Investment rate of return:*
Key takeaways ; Equipment loans may have specialized terms and loan amounts over traditional business loans ; Equipment leases can be a capital lease or an operating lease ; You may need at least two years in business and $100,000 in annual revenue to qualify for an equipment loan or lease
Purchase price:* ; Down payment:* ; Sales tax rate:* ; Investment rate of return:*