In today’s fast-paced business world, having the latest equipment can give you a competitive edge and help you grow your business. Every business needs equipment, from computers and printers to vehicles, tools, software, and more. Purchasing all of the equipment you need can be expensive, which is why many businesses choose to finance their equipment instead.
Business equipment financing gives business owners the flexibility to purchase what they need without breaking the bank. This financing option allows you to acquire the necessary equipment while paying for it over time, spreading out the cost and conserving your working capital. Solvent Funding provides tailored financing solutions that suit your business needs. With lightning-fast approval and dedicated funding specialists who can create customized funding solutions for your business, Solvent Funding services can help you get the equipment you need quickly and affordably.
Call 877.807.1180 today to speak with a funding specialist.
What Is Equipment Financing?
In simple terms, equipment financing is a funding option that allows businesses to acquire the necessary equipment to run their operation without having to pay for it upfront. Instead, the purchase is financed over a period, usually a few years, through fixed monthly payments. During this time, the business owns and uses the equipment while paying down the loan. Once the loan is fully paid, the business owns the equipment outright.
Types of Equipment Financing
The types of equipment that we can finance include, but are not limited to:
- Computers and IT equipment
- Heavy machinery and industrial equipment
- Medical equipment
- Vehicles and transportation vehicles
- Construction tools
- Printing and office supplies
- Manufacturing tools
- Farming equipment
For businesses that don’t have the finances needed for a large upfront investment, financing is a great option. It gives businesses the ability to manage their cash flow without having to sacrifice the quality of equipment they need for their operations.
Qualifying for Equipment Financing with Solvent Funding
At Solvent Funding, we go beyond traditional lending qualifications to provide tailored funding solutions that work for you. We offer multiple equipment financing options that suit your business needs, including lease-purchase agreements, equipment loans, and finance leases. Our application process is fast, simple, and secure, and we can usually provide you with approval within 24 hours.
The requirements for qualifying for equipment financing will vary depending on the type of financing you’re looking for. For example, lease financing usually requires a higher credit score, while loan financing requires more collateral. At Solvent Funding, we look at each application individually and work to create a tailored funding package that works for you.
One of the main benefits of equipment financing is that buying equipment outright isn’t always the best choice. Equipment becomes outdated quickly, and technology advances regularly, which means you may need to upgrade or replace it frequently. Taking on a loan or lease instead of buying provides flexibility, allowing you to have the latest equipment while freeing up cash flow for other business expenses.
Start a Loan Application with Solvent Funding Today
One of the main benefits of working with Solvent Funding is access to our team of funding specialists. We believe in putting people first and focusing on creating a personalized experience for each client. Our specialists can help you navigate the financing process, provide customized solutions to your business needs, and answer any questions you may have.
The application process is simple and secure. You can begin by filling out our online application or calling our team at 877.807.1180. Once we receive your application, we will review it and contact you within 24 hours with a funding decision. If approved, we will work with you to finalize the agreement, and you could receive funding in as little as 24 hours.