FINANCE NEW OR USED

FundNow Capital

BUSINESS FUNDING   Doesn't Have To Be Complicated

Loan Amounts

$30,000 to $5,000,000

Loan Terms

1 to 5 Years

Time to Fund

3 to 5 business Days

Interest Rates

Ranging from 6% to 35%

All Terms subject to credit approval.

Equipment Financing & Leasing

Streamlined process, from application to funding

Business owners consistently seek ways to enhance their customer service. One of the most effective methods to elevate your offerings is by investing in the latest and most advanced equipment. However, the challenge often lies in the high costs associated with such machinery. FundNow Capital's equipment financing program presents business owners with a swift and cost-effective solution for acquiring new or used equipment to boost their productivity, efficiency, and service quality.

Whether you’re a nascent restaurant in need of modern appliances or a construction firm reliant on heavy machinery, FundNow Capital is here to help you secure the equipment you need now, all while safeguarding your essential working capital.

At FundNow Capital, we provide competitive commercial lending and equipment financing options designed to streamline the equipment acquisition process for you.

What is Equipment Financing?

Equipment financing is a type of loan specifically designed for purchasing business-related equipment or machinery, such as restaurant appliances, commercial vehicles, and construction tools. These loans require regular repayments, which include both interest and principal, over a set term.

Many businesses choose equipment financing to replace, upgrade, or acquire new machinery while preserving their cash flow and working capital. To secure an equipment loan, it's essential to find a lender willing to finance between 80% and 100% of the equipment's cost.

The loan is self-secured because the equipment or machinery acts as collateral. As a result, lenders are often more inclined to provide lower interest rates and extended repayment terms.

The amount you can borrow and the interest rate depend on the value of the equipment you wish to purchase and the strength of your loan application. Furthermore, the loan term will not exceed the useful life of the equipment.

With the funds gained through financing, businesses can acquire a variety of items, including computers, trucks, ovens, desks, furniture, copiers, forklifts, and agricultural machinery—all without the necessity of paying the full amount upfront.

If you want to learn more about the differences between equipment financing and leasing, check out this informative and detailed article on our blog to help you make an informed decision.

Equipment Financing vs. Equipment Leasing

Many new business owners often find that a significant portion of their capital is consumed by equipment purchases, often overlooking the fact that leasing can provide a more budget-friendly alternative. While some entrepreneurs view leasing as a temporary solution, others turn to it due to insufficient funds for a complete purchase.



Leasing machinery resembles renting an apartment; you have access to the equipment only for as long as you make the payments.

A major advantage of leasing equipment is that it generally requires no upfront payment or collateral. However, it's essential to keep in mind that, in certain situations, leasing could end up being more costly than buying the equipment outright.

Instead of depleting your business’s financial resources, consider collaborating with us at FundNow Capital to fund your next equipment acquisition. We provide financing and leasing options designed for every industry.

Experience the true benefits of acquiring new equipment while enjoying consistently low payments with our leasing program.

As you think about procuring equipment for your business, consider these three essential questions:

1. What kind of equipment do you need?

2. What will the total cost be?

3. How will you secure financing for the equipment?

For further information, explore our Equipment Leasing resources.

Pros

• ✔Fast approvals
• ✔The equipment acts as strong collateral
• ✔You’ll own the equipment at the end loan term
• ✔Allows you to make equipment upgrades easily
• ✔Helps your cash flow
• ✔You can save money on your business tax return under Section 179 of the IRS
• ✔You won’t have to wait until you have the capital on-hand to purchase the equipment

Cons

• ✘Most equipment loan applications will require an equipment quote
• ✘If the equipment depreciates, you can’t deduct the full cost each year
• ✘Not available to startups

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