New Business Funders is excited and pleased to announce the launch of our new Equipment Financing program.
Here’s the problem. If you’re a business owner who absolutely must have certain equipment to function as a business. You might be forced to part with needed liquidity for other essential purposes, such as insurance, office or warehouse rent, licenses and many other unexpected requirements that arise. Therefore, you must explore the potential of Equipment Financing, especially if you are starting a business with capital-intensive requirements to acquire essential equipment.
Business Equipment may be the biggest cost you have during your start up. If you are a trucker, construction company, Medical or Dental Equipment company, or require sophisticated, expensive software to run your company, then your business success is determined by this equipment. Avoid the trap of using up valuable cash or using credit cards to provide financing.
Equipment Finance is a smart move!
Instead of exhausting ALL or most of your capital on expensive equipment that your business needs, you now have the option of financing it over time with manageable payments. Preserve your cash and your credit! As a start-up company, you need your cash and credit lines for your Operations, Inventory, Marketing, Employees, Vendors and Service Suppliers. Besides, you can even write off your payments as a capital expense.
New Business Funders can now help you fund any kind of equipment NEW or USED if it doesn’t float or fly. In fact, we can provide cash out lease-backs and refinancing for existing equipment that you may own. This will allow you to utilize this newly available cash for operations.
Types of Equipment that may be funded
*Computers *Software *Medical Equipment *Front End Loaders *Scrapers *Dump Trucks *Pick Up Trucks *Delivery *Back hoes *Fork Lifts *Semi Trucks *Trailers *Kitchen Equipment *Restaurant Equipment *Tools *Sewing Machines *Cars and much more…
How to Qualify?
You will need a minimum personal FICO score of 590, a first and last month payment and 1% of the overall cost as a down payment. We need a photo of the equipment, a quote from the manufacture, a link to E-bay or to a company website that exhibits the size, established price and warranty information about the equipment.
You are buying equipment for a total of $30,000. This will result in an estimated payment of $420.000 per mo. You make a down payment of your first and last payment for a total of $840.00 plus a 1% processing fee of $300.00. You would be up and running for approximately $870.00. Now, doesn’t that sound better than cutting a check for $30,000 or maxing out your credit cards?
How Long is the Loan
We offer 12-, 24-, 36- and 48-month terms. In some cases, we can go up to 60 months for bigger ticket items with strong credit.
What is the Interest Rate?
Interest rates start as low as 5.99% and can go up to 19% depending upon your FICO score and the type of equipment.
Note: The higher your FICO score the lower your interest rate. Refinancing requires an equipment of relevant value in the marketplace. There must be a precedence of previous value that can be demonstrated by a third party. New or unproven equipment inventions most likely not be financeable through our program.Read More