FINANCE NEW OR USED BUSINESS EQUIPMENT
Equipment Financing & Leasing by Amelia Capital
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Equipment Financing & Leasing Streamlined process, from application to funding
Business owners are always looking for ways to better serve their customers. One of the best ways to improve your service is by getting the newest and most upgraded equipment. The only problem is that equipment and machinery can be very expensive. The equipment financing program from Amelia Capital offers business owners a quick and affordable way to get new or used equipment to enhance their business’ productivity, effectiveness, and service.
Whether you’re a startup restaurant that needs new appliances or a construction company that works with heavy equipment, Amelia Capital can help you get the equipment now while preserving that much-needed working capital.
At Amelia Capital, we offer competitive commercial lending and equipment financing solutions that make your equipment acquisition a simple process.
What is Equipment Financing?
Remember the following information:
Equipment financing involves obtaining a loan to purchase business-related equipment or machinery, such as restaurant equipment, commercial trucks, or construction equipment. These loans require periodic payments that cover both interest and principal over a set period of time.
Many businesses use equipment financing to replace, upgrade, or purchase new equipment while maintaining cash flow and working capital. When obtaining an equipment loan, a lender may finance anywhere from 80% to 100% of the equipment’s cost.
The loan is self-secured, meaning that the equipment or machinery serves as collateral. Consequently, lenders typically offer lower interest rates with longer terms.
The amount you can borrow and the interest rate will depend on the value of the equipment you are purchasing and the strength of your loan application. Additionally, the loan term will not exceed the useful lifetime of the financed equipment.
With the capital borrowed, businesses can acquire a variety of items, such as computers, trucks, ovens, desks, furniture, copiers, forklifts, and farm machinery—without having to pay the full cost upfront.
If you’re interested in learning about the difference between Equipment Financing & Leasing, you can find useful and detailed information in this article from our blog.
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 Amelia Capital to finance your next piece of equipment. We have equipment financing & leasing options for all industries.
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?
For additional information visit our Equipment Leasing resources.
Pros
Fast approvals
The equipment acts as strong collateral
You’ll own the equipment at the end loan term
Allows you to make equipment upgrades easily
Helps your cash flow
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
