66 West Flagler Street, Miami, FL

Info@ReaganCommercialCapital.com

786-633-2990

Apply Now

Apply Now

Equipment Financing

Replacing or repairing equipment can be costly, so what do you do when you need that equipment to keep your business running? Equipment financing can either help secure new equipment or use currently owned equipment to generate cash.

Get Started

What is equipment financing?

Simply put, equipment financing is any type of financing tied to the purchase, acquisition, or use of equipment. It offers a variety of different approaches, not only to expand by adding new equipment, but to replace outdated or broken equipment. Avoid large upfront costs by financing new equipment so you can continue production right away. Then, you can pay down the loan over time with the profits that come from that production process.

If you have equipment already...

in place, your business can use that equipment to bring in a financial boost without having to sacrifice use of the equipment itself. Sales-leasebacks let you continue to operate the equipment you sell in exchange for a rental fee to the new owner. Refinancing old equipment loans can help you free up cash with a lower interest rate. We’ll work with you to identify the best options to satisfy your needs.

What is equipment financing?

Simply put, equipment financing is any type of financing tied to the purchase, acquisition, or use of equipment. It offers a variety of different approaches, not only to expand by adding new equipment, but to replace outdated or broken equipment. Avoid large upfront costs by financing new equipment so you can continue production right away. Then, you can pay down the loan over time with the profits that come from that production process.

If you have equipment already in place, your business can use that equipment to bring in a financial boost without having to sacrifice use of the equipment itself. Sales-leasebacks let you continue to operate the equipment you sell in exchange for a rental fee to the new owner. Refinancing old equipment loans can help you free up cash with a lower interest rate. We’ll work with you to identify the best options to satisfy your needs.

New Purchases

After a down payment, our lenders will provide up to 75% of the purchase cost of new equipment. Loan rates are based on the market value of that equipment, which is often used as collateral on the loan.

Leasing

Sometimes, purchasing equipment isn’t the best option. When equipment needs frequent repair or upgrades, it can be more cost-effective to lease that equipment from a lender. The company that owns the leased equipment often handles maintenance and upgrades.

Sales-Leaseback

To extract equity from equipment your business already owns, you can sell that equipment without having to part with it. The new owner provides a lump sum payment and allows you to lease it back in regular installments.

Advantages of Equipment financing

01

We have a variety of unique solutions that we can tailor to meet your business goals.

02

Most lenders will fund a majority of the purchase price.

03

Financing for new equipment allows you to increase revenue more quickly.

04

The equipment is used as collateral, so lenders are more willing to approve these loans.

FAQ

When is equipment financing not a good fit?
Equipment should be built to last longer than the life of the loan, or you could wind up paying for equipment you’re no longer using.
What qualifies for equipment financing?
Not just vehicles and construction machines qualify for financing. High-end software, servers, ovens, presses, and freezers are just a few items that can be financed.
Who pays for equipment repairs?
Generally, it’s the owner who pays for repairs and upgrades. If you’re leasing, the lender you’re leasing from should take care of those needs.
Do I need good credit to get an equipment loan?
In most cases, the loan is secured on the equipment being purchased. So, lenders are less concerned with the business’s credit score.