Free Up Working Capital With Equipment Financing
Have you ever considered equipment financing as a viable option for improving your company’s cash flows? By leasing equipment, you avoid the need to pay completely upfront, which means that you have more money to work with in the meantime.
How Does the Process Work?
We, here at Premier Commercial Capital, understand the value of cash on a business’s day-to-day, which is why we started equipment leasing programs to begin with. Our loan program allows you to purchase the equipment you need without restriction. The funds can be used to finance new computers and software or bulldozers and backhoes.
We also strive to make the process easy and accessible. For applications of $150,000 or less, you are not required to provide a financial statement. Also, there is little to no down payment required. However, if you need more than $150,000 – up to $500,00 – then there might be a few minor stipulations for the increased risk. Although, every financing and leasing option comes with a variety of payment structures to suit your business needs.
Are There Different Programs to Suit Your Business Needs?
We currently offer three program options: (1) startup programs, (2) sale and lease back programs and (3) government and municipal leasing programs. Our startup programs are for businesses that are less than two years old. The sale and lease back programs allow companies to purchase equipment using the loan funds and then use the existing equity as working capital. Last, the government and municipal leasing program is designed so we can provide guaranteed approval to governmental entities.
What Are the Benefits?
There are many reasons that equipment leasing or financing might be right for your business. Although, typically, five reasons are cited most often.
- Freeing up cash flows for other expenses
- Existing lines of credit are preserved
- Tax advantages
- Elimination of equipment obsolescence
- Low and fixed monthly payments
If you are interested in discussing the benefits of equipment financing, then contact one of our representatives. Let us help you figure out what is best financially moving forward.