Equipment Financing

Equipment Buy Back Programs And New Equipment Leasing

Service Capital offers new and used Equipment Financing to business owners. All we need is a signed credit app, equipment info, and a few months of banking. In a few hours, you’re approved!

Equipment financing is a financial instrument that offers funding to business owners for them to purchase new machinery or upgrade existing equipment/machinery.

Equipment financing comes in handy for both MSMEs and large enterprises. Business owners and enterprises availing equipment loans also enjoy tax benefits. The interest rate, loan amount, and loan tenure may differ from bank to bank.

Additional options linked with equipment leasing include finance leases, hire purchase arrangements, operating leases, etc.

Clientele from various industries is using old loaders, tankers, excavators, semi-trucks, and heavy machinery to leverage longer terms, better rates, and more funds. A typical business that is bringing in $2,000,000.00/ per annum could qualify for $200,000.00 working capital on a 12-month term. When equipment is involved, the term can be stretched out, allowing us to raise more capital for the business. 

Depending on the value of the equipment and the health of the business, Service Capital can lend up to $1,000,000.00 or more to a business bringing in $2,000,000.00 per year.

Benefits of Equipment Finance?

There are benefits for business owners who are availing for equipment loans, some of the benefits are mentioned below and they are:

  • Some lenders offer up to 100% to finance for new equipment, many at 90% or lower
  • Most financial institutions will give pre-approvals in equipment finance, so it will be the hassle-free procedure for the borrowers.
  • Flexible loan options are provided to customers to repay. Hand tailored for their convenience and budget
  • Interest rates offered are competitive and shall depend on the prime rate, repayment history and creditworthiness of the borrower. 

Types of Equipment we Finance:

  1. Manufacturing Equipment
    This loan is for those people who want to use this equipment for manufacturing goods in their business.

2. IT and Office
This type of loan is exclusive for office businesses that need IT equipment like computers, laptops, projectors, servers, and other office supplies and electronics, etc.

3. Construction Equipment
This type of loan is for business companies that are into construction and the loan will provide equipment used in construction.

4. Corporate Aviation Equipment
This type of loan is for the aviation industry and the loan will provide equipment-related funding that can be used at airports and in-flight.

5. Medical Equipment
This type of loan is for the medical industry and the loan will provide equipment related to hospital and clinical staff.

6. Electronics and Appliances
This type of loan will provide a loan amount for electronics and appliances for a company.

7. Restaurant Equipment

Service capital

Equipment Finance

Items needed to produce a quote: (quotes are good for 1 month)
1.) Any business related equipment (trucks, heavy construction equipment, manufacturing equipment, farming/mining equipment, restaurant equipment, salon equipment, food processing equipment, etc.)
2.) Terms range from 1 year to 7 years
3.) Rates: 7% - 24%
4.) All interest and fees are 100% tax deductible.
5.) We offer equipment/lease buy back programs. If you own any unencumbered equipment (paid off assets) they can receive financing using those pieces as collateral.
6.) Receive funding in as little as 3 days!

Apply Equipment Financing For Your Business

We welcome and celebrate different perspectives to help our firm, our clients and our people.

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Service capital

Major Things About
Equipment Finance

Equipment Financing

Equipment finance describes a loan or lease that is used to obtain business equipment. Equipment maybe tangible.

Equipment Leasing

Leasing, rather than buying, equipment may be an attractive option for any number of reasons.

Understand Equipment Financing

Equipment financing is typically used to obtain costly equipment.

Primary options

There are two primary options for equipment financing: obtaining a loan to purchase equipment or leasing equipment.