YOUR CAPITAL SOURCE
Equipment Financing
Upgrade and Expand Capacity Through Technology and Equipment Loans
For many businesses, capacity isn’t a matter of knowledge, skill or available workforce, but simply the equipment or technology to manage the capacity available in the marketplace.
However, many firms are unaware of the many ways equipment can be bought, financed or leveraged to advance business and to manage and maintain positive cash flow.
Equipment Loans
Capitalized equipment and hardware with a depreciation schedule of three, five, ten or more years is eligible for equipment based lending. Equipment loans reduce your exposure because the loan is leveraged against the asset itself. Should a businessperson default on the loan no other property is at risk.
Take loans against heavy machinery, manufacturing equipment, industrial ovens and other commercial kitchen equipment, computers and more. With long term financing available, maintain available cash and pay for equipment as it is utilized in day to day business operations.
Equipment Leasing
Equipment leases are a great way to acquire equipment and increase production. Equipment leases allow you to purchase the equipment at the end of the lease period at a depreciated price, allowing you to roll the equipment cost from an expense to depreciation without a significant outlay of cash at the outset.
Leases are also a great option in industries with a short shelf life for professional equipment such as medical equipement, photography and film, web design, animation, app development, scientific discovery and more. Each of these are in a technical field under a high rate of change and innovation. In such circumstances, lease the latest equipment until there is a better option, then move on without the requirement to sell existing infrastructure.
Equipment Sale Leaseback
When you have valuable equipment that still has a lot of life in it, a sale leaseback can be an excellent option to free up cash.
A sale leaseback allows you to sell your equipment to a leasing company and immediately lease the equipment for your continued use. At the end of the lease period, renew your contract or move on to new equipment. Sale leasebacks are available for heavy equipment, buildings and land, medical equipment, commercial kitchens and more.
Because the cash is the result of a sale, you aren’t limited in your use of the funds. Purchase new equipment, buy stock, invest funds in a money market or stock to generate consistent cash flow, pay employees or add cash to open-to-buy line items.
Manage maintenance costs on aging equipment and level cash flow as you move your business forward.
Equipment Refinancing
For many businesses there is a point in your depreciation schedule where refinancing your loan is an excellent option. Increase cash flow, consolidate debt and create a better financial scenario for your business overall.
Refinance pending balloon payments or high interest rates. Reduce the percentage of cash going to equipment payments on a monthly basis. Whatever your scenario, New Market Funding has options to improve your operational financing.
Hard Money Equipment Loans
Leverage existing equipment to move forward with upgrades and advancement quickly while you await approval on long-term financing.
Many businesses
Let us know about your business and financing objectives.
New Market Commercial Funding
25550 Grand River Avenue
Redford, MI 48240
info@newmarketfunding.com
855-215-6092
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