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FAQ

What it means
What is Equipment Financing?

Equipment financing is a method of loaning used by businesses to purchase Operating Equipment. These equipments are then served as Collateral to the lender. Typically, in best interests of the lender, the amount financed cannot exceed the collateral value.

What is the Process like?

The process is simple. E.g. You apply to a bank/lender for financing of your Fixed Equipment. The bank/lender will issue a loan (LTV ranging: 80% - 100%) to you for the financing of your Fixed Equipment. You are then liable to pay the bank monthly annuities in partial portions of your principal, along with the interests charged. In the case of failure to pay, the bank has a claim on your Fixed Equipment.

How does Equipment Financing benefit me?

Typical Advantages of Equipment Financing:

  • In contrast to traditional lenders, you may be able to arrange 100% financing of your equipment with no down payment. This is a key advantage to you if cash flow is a concern to your business.
  • Equipment financing is a source of funding that lets you hold onto your cash, or working capital, so it can be used for other areas of your business, such as expansion, improvements, marketing or C10&D.
  • Equipment Financing often enables you to acquire better and more advanced equipment than you could have without financing. Certain Equipment Financing terms can also allow for technology upgrades or replacements within the term of the contract.

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About Equipment Financing

What is Equipment Financing?
Equipment Financing is a form of short term borrowing which is extended by the bank or a lender to clients based on unpaid invoices.
Who is Equipment Financing suitable for?
Lenders / Factoring Companies are typically willing to finance your company if you are a growing business with moderate sales, or a larger business with strong sales and a plenty of opportunities.
Why do Businesses use Equipment Financing?
Companies often engage Equipment Financing to meet Short Term Liquidity needs. Higher liquidty allows companies to grow and run business operations efficiently.
How do I qualify for Equipment Financing?
Ideally, you'd meet the basic criteria if you sell goods or services on normal credit terms to various creditworthy businesses or government agencies, and your invoices are for fully delivered goods or fully provided services. The age of your business, its trading results and your asset position are less important when it comes to facility approval. Business Loan lenders are generally more interested in the Creditability of your customers (Debtors).
How much will you advance to Invoice Sellers? How do you determine that value?
Depending on the Credit Analysis on your company, the Lenders determine a LTV & Interest Rate that matches the best interests of both parties.
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