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!
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.
There are benefits for business owners who are availing for equipment loans, some of the benefits are mentioned below and they are:
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
We welcome and celebrate different perspectives to help our firm, our clients and our people.