Equipment Leasing & Financing

What is Equipment Financing?

A considerable number of businesses use equipment financing to replace, upgrade, or purchase new equipment while at the same time retaining cash flow and working capital. Getting an equipment loan involves a lender that is willing to finance from 80% to 100% of the equipment.

The loan is self-secured, meaning that the piece of equipment or machinery works as collateral. As a result, lenders tend to offer lower interest rates with longer terms. How much you can borrow and the interest rate will depend on the value of the equipment you will buy and the strength of your loan application. Also, the term of the loan will not exceed the length of the useful lifetime of the financed equipment.

With the capital that businesses borrow they can get everything from computers, trucks, ovens, desks, furniture, copiers, forklifts, farm machinery—without having to pay the full cost up-front.

Have a Question?
Speak with an expert: 1-877-926-0024

What is Equipment Financing?

A considerable number of businesses use equipment financing to replace, upgrade, or purchase new equipment while at the same time retaining cash flow and working capital. Getting an equipment loan involves a lender that is willing to finance from 80% to 100% of the equipment.

The loan is self-secured, meaning that the piece of equipment or machinery works as collateral. As a result, lenders tend to offer lower interest rates with longer terms. How much you can borrow and the interest rate will depend on the value of the equipment you will buy and the strength of your loan application. Also, the term of the loan will not exceed the length of the useful lifetime of the financed equipment.

With the capital that businesses borrow they can get everything from computers, trucks, ovens, desks, furniture, copiers, forklifts, farm machinery—without having to pay the full cost up-front.

Have a Question?
Speak with an expert: 1-877-926-0024

MAX AMOUNT

Amount $5,000,000 USD

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LOAN TERMS

The expected useful lifetime of the equipment

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TIME TO FUND

As fast as 3 days

INTEREST RATE

Starting from 6% – 35% (varies)

How to Apply for Equipment Finance Program with CF Lending…

Once you submit the application form, we will determine if you qualify for the program and how much capital you can get. If your application is approved, funds will be transfered to your bank account.

You can Apply for Equipment Financing or give us a call if you have any questions: 1-877-926-0024

Our Application Process:

Step 1: Complete Equipment Finance application from

Fill the loan application form with basic details like your name, social security number, business tax identification number, business location, and any other essential information regarding your business.

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Step 2: Provide Needed Documentation & Information

Submit the documents that will be used to assess your business’s financial health as well as your identity. Some of the documents include your government-issued ID, and a statement showing your business’s credit card transactions.

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Step 3: Approval process

After completing the business loan request form and providing the necessary documentation, you will recieve offers for your loan. Accept an offer and get funded as fast as 3 days.

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

Benefits of Joining Our Equipment Finance Program 

Pros:

  • Quick approval
  • The equipment acts as strong collateral
  • You’ll own the equipment at the end loan term
  • You can save money on your business tax return under Section 179 of the IRS
  • You won’t have to wait until you have the capital on-hand to purchase the equipment

Cons:

  • Most equipment loan applications will require an equipment quote
  • If the equipment depreciates, you can’t deduct the full cost each year
  • Not available to startups

Equipment Financing vs. Equipment Leasing

Often, new business owners use up the majority of their capital on equipment, not realizing that leasing is a cheaper alternative. Some business owners are only looking for a temporary solution, so they choose to lease instead of buying. Others lease the machinery because they don’t have the capital to buy it outright.

When you lease a piece of machinery, you are renting it just like you would rent an apartment. That means that you will only be able to use the equipment while you’re paying for it.

The main advantages, of leasing the equipment, are that you don’t need to put any money down or collateral. On the other hand, leasing the equipment could end up being more expensive than just purchasing it outright.

Do not deplete your business’ bank account, instead, partner with us and allow CF Lending to finance your next piece of equipment.

Discover the tangible benefits of your new equipment purchase while maintaining guaranteed low payments through our lease program.

Ask yourself these questions

When you decide that it is time to purchase equipment for your business, you should ask yourself three questions.

  • What type of equipment do you need?
  • How much is it going to cost?
  • How are you going to pay for the equipment?

or Call us: 1-877-926-0024

Monday – Friday 9am – 5pm (U.S. Eastern Time)

OTHER SERVICES

Merchant Cash Advance

Any business owner that needs capital right now can apply for a Merchant Cash Advance with CF Lending and get a lump sum upfront.

Business Line of Credit

With a Line of Credit (LOC) from CF Lending, your business can have access to the capital it needs at any time.

Small Business Loans

Whether you’ve been in business for years or are just starting out, running a successful company requires capital. Get the loan you need to grow.

Hard Money Fix & Flip Loans

Hard Money Loans For Real Estate Investors. Real estate investment loan programs – quick closings and competitive rates.

Equipment Leasing

Loans for New and Used Business Equipment financing helps you grow your business while preserving much-needed capital.

Commercial Real Estate

Secure financing for commercial properties, available in all 50 states, with terms ranging anywhere from 1 to 30 years.