Every single company requires money to buy the equipment they need but not all companies have the capital to do so. This is where financing comes into play. With the help of financing companies, a business is able to afford the equipment they need. Between finding the right advisors, to finding the right financing companies, the process can be a little hectic, but it’s worth it. The money that you save on direct equipment purchases can now be allocated to better investments on products that are worth more or that can be easily liquidated.
If you’re wondering where you should go to find the best equipment financing companies, we’ve compiled a few for you below.
The Most Competent Equipment Financing Companies
Consider starting with Charter Capital as one of your trusted equipment financing companies. This is a family owned business that has a total of 40 years in the industry. They are competent and they always have your best interest at heart. In fact, they have such high customer satisfaction that 65% of their clients are repeat customers. Charter Capital acts as both a financing company and a consultant. They will guide you through the murky waters of the commercial financing industry. At Charter Capital, their goal is to help your business grow through a safe and clean method of equipment acquisition.
National Funding is another reliable equipment financing company that offers deferred payment options that can either be seasonal, quarterly, or skipped payment plans. Of course, throughout your financing process you will be partnered with a loan specialist to ensure that you are making insightful choices that will enable you to achieve your goal through the financing procedure. This loan specialist will have specific and professional knowledge about your industry.
Reliant Funding specializes in small business financing. They are well known in the industry for their fast approval time rate, their simplified application process, and their flexible payment options. They truly stand out because they are extremely fast to deliver results. If applied online, the company claims to have applications approved in less than 30 seconds. After approval you will also be partnered with a representative that is knowledgeable about financing and funds will be received in less than a single day.
Crest Capital offers a great step-up plan that is not available with most of these other financing companies on the market. This means that your company will pay less during the first few payment periods while payments can increase during the later months. At the end of your financing plan, you are guaranteed purchase agreements that promises your ability to purchase the equipment at its original price without inflation since the beginning of your financing process.
CIT Direct Capital
Offering loans up to $1 million dollars, CIT Direct Capital is a great candidate that will help you finance expensive equipment no matter what you decide on. We all know that equipment comes with an extremely hefty price tag. This price tag is guaranteed to fluctuate after you purchase the equipment, either rising or depreciating in the long run.
Still unsure about which company to look at for equipment financing? There are so many financing companies out there that you should have no doubt about finding the best fitting company that will meet all your financing needs!