EQUIPMENT FINANCING

Equipment loans operate like real estate loans. You can use them to purchase or upgrade equipment or use your existing equipment to secure a loan for another project. Whatever the case, we will work with you to find the financing options you need to help your business thrive.

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Equipment Loans: An Explanation

What do you think of first when you think of equipment? For many people, equipment and heavy machinery are synonymous. While construction vehicles and the like are equipment, there are many other types.

Commercial kitchen equipment, software, servers and more can all be considered equipment. Regardless of your industry, the physical or digital infrastructure that your business relies on likely counts as equipment.

Equipment loans can help you finance the lease or purchase of expensive equipment. If you require cash for a project or emergency, you can use the equipment you already own to secure a loan.

In some cases, you might sell your equipment and lease it back from its new owner. You get cash without interrupting your business’s operations

Other Equipment Examples

Equipment loans are popular because many of the assets your business has or needs qualify.

If your business has a fleet of vehicles, an equipment loan can help you create, update or expand it.

If you rely on robotics to automate your assembly line, you can use the value of your equipment to secure funding for other business operations.

Almost all industries use software. Equipment loans can help you stay up-to-date on the latest technologies.

SBA

Both the SBA 7(a) and 504 loans can be used to provide small businesses equipment loans. To decide which is right for you, we’ll match you with an SBA-certified lender who understands your business.

Equipment Leasing

Have full and unrestricted use of the equipment, without needing to pay the high upfront costs of purchasing the equipment outright. With many leases, equipment servicing is even included!

Sales-Leaseback

When you need cash but want to hang onto your equipment, a sale-leaseback is the answer. Sell your heavy machinery, walk-in freezer, or tractor for cash. Then, lease that equipment back from the buyer over time.

When Won’t an Equipment Loan Work for You?

Some equipment has a short life span. You don’t want to find yourself in a situation where your business has to pay for something you can’t use anymore. Other equipment needs frequent repairs or updates, so it doesn’t make sense to involve a loan. If that’s the case, different financing options might work better for you.

What if You Can’t Repay an Equipment Loan?

Ideally, you will never find yourself in a situation where you’re struggling to repay an equipment loan. If you used a piece of equipment to secure a loan, your lender might take possession of it. However, lenders want to see you succeed. You might be able to negotiate a more flexible repayment schedule.

Will it be Hard to Get an Equipment Loan?

When you work with us, we can help you connect with a lender to provide you with the loan you need. This is true even if you’re starting out or your credit isn’t as good as you’d like it to be.

Are Equipment Loans Short or Long-Term?

Equipment loans are usually short-term, often between one and six years. It will depend on the terms your lender offers.

If you’re ready to learn more about how you can finance your next equipment upgrade or another project, contact us today.

Advantages of

Equipment Financing

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Allow access to expensive but necessary equipment.

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Increase cash flow in times of need.

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Offer an easier time qualifying for loans and getting lower interest rates when using equipment as security.

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Allow financing even with credit that might not be the best.

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PHONE

Toll-Free: 855-497-2686
Local: 210-756-6408
Fax: 210-485-3842

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Email

Info@BlusteelCapitalSolutions.com

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Address

11844 Bandera Road, Suite 520
Helotes, TX 78023

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