What is equipment financing?

Equipment financing is a type of business loan that provides flexible financing solutions, allowing businesses to acquire necessary equipment by making payments over time. This approach reduces the need for large upfront costs.

What are the benefits of equipment financing?

The main advantages of equipment financing include: Preserving capital Increasing cash flow Securing fixed low rates Benefiting from flexible terms Potential tax deductions Acquiring equipment without large down payments Equipment financing allows businesses to remain competitive by obtaining the latest equipment without significant upfront expenditures.

How does the equipment financing process work?

The process typically involves submitting a simple application form. Once evaluated, if approved, the funding can be disbursed promptly, offering businesses faster access to funds compared to traditional bank loans.

What types of equipment can be financed?

A broad range of items can be financed, including but not limited to: Technology Machinery Vehicles Office tech Restaurant equipment Medical equipment Heavy construction machinery

Can used equipment be financed?

Absolutely. Financing options cater to both brand new and pre-owned equipment, ensuring businesses have access to essential tools, irrespective of the source.

What are the tax benefits of equipment financing?

Businesses may enjoy significant tax advantages under Section 179 of the IRS tax code. This provision lets companies deduct the full purchase price of qualifying financed equipment during the tax year.

What are the tax benefits of equipment leasing?

Equipment leasing can provide businesses with several tax advantages. One of the most notable benefits is the ability to treat lease payments as an operational expense, which means these payments can be deducted fully as a business expense on your income statement during the tax year. This can reduce taxable income and potentially lower a company’s tax liability. However, the exact tax benefits can vary based on the lease structure, terms, and prevailing tax laws. It’s always recommended to consult with a tax professional to understand the specific tax implications and benefits for your business and situation.

What credit score do I need to qualify for equipment financing?

While the credit score is a factor, qualification for equipment financing isn’t solely based on it. Multiple factors are considered during the approval process.

Can any industry get equipment financing?

Yes, companies from diverse industries, including healthcare, construction, IT, and more, can avail of equipment financing solutions tailored to their needs.

Can I pay off my equipment financing loan early?

Paying off your equipment financing loan ahead of schedule is typically allowed, but the benefits or specifics might vary depending on the terms of the agreement.

What happens at the end of an equipment financing term?

At the conclusion of an equipment financing term, the equipment is usually owned by the business. However, exact details might differ based on the particular financing agreement.

How fast can I get approved for equipment financing?

Upon submitting a streamlined online application, and 3 months bank statements, businesses can generally expect a decision within a few hours.

We Help You With Your Business Financing Needs

Business Financing Made Simple and Easy

Welcome to Innovative Business Solutions

We help you find the right business financial solution!

We offer creative lending programs in all 50 states through banks, private lending, and investors. Our team helps determine the type of funding that is best for a client based on the investment, a client's individual needs, and qualifications. We provide unique financial loan programs for funding seasoned commercial real estate investors to financing the first- time real estate investor.

Our clients trust us not merely for our competitive rates, but also for our deep understanding of the commercial lending landscape, which allows us to tailor our financing options to the specific needs and challenges of each business. As businesses grow and evolve, we're committed to providing innovative financial solutions that empower our clients to achieve their financial objectives.

SBA Guaranteed Loans
Business Loans
Working Capital/Acquistions/Expansion/Bridge Loans
Equipment Financing
Commercial Real Estate/Mixed Use/Multi-Family
New Construction/Fix & Flip/Long-Term & Short- Term Rentals
Construction Financing
Private Lending/No Questions Asked Loan (Based on Asset)
Land & Land Development Loans (Commercial or Residential)
Cashout/Refinance on Commercial Property

Frequently Asked Questions

Business Financing FAQs

What are SBA guaranteed loans?

SBA guaranteed loans are partially backed by the Small Business Administration (SBA) and provides small business owners with the necessary capital to start or grow their operations. These loans are administered by third-party lenders equipped with training and funding through the SBA.

What are the benefits of SBA guaranteed loans?

The main advantages of SBA guaranteed loans include:

Your loan is government backed
Lower interest rates
Longer repayment terms
Extra support available
Variety of loan types available

How does business loans work?

Business loans provide business owners with secured or unsecured financing to pay over time, plus interest and fees. Secured loans require collateral like real estate, equipment, cash, or investments. Unsecured loans typically require a personal guarantee to accept personal liability if the business doesn’t repay its debt as promised.

What are business loans used for?

Business loans can be used for many different purposes including:

Startup costs
Commercial real estate purchases and/or remodeling
Debt consolidation or refinancing
Equipment purchases
Inventory purchases
Business acquisitions
Business expansion
Marketing and advertsing

What are business loan requirements?

In general, you can typically expect the following requirements: Minimum credit score, Annual revenue, Time in business, Debt ratio, Collateral, and Personal guarantee.

What is the difference between equipment leasing and equipment financing?

With equipment leasing, businesses pay to use the equipment for a designated period without owning it. On the other hand, equipment financing allows businesses to purchase and own the equipment while repaying the loan amount over a specified duration.

What is private lending?

Private business loans are provided by alternative lenders instead of traditional banks or government institutions. Private money lending is less regulated and more flexible than lending by licensed lenders such as banks.

What is a commercial real estate loan?

A commercial real estate loan is a mortgage secured by a lien on commercial property as opposed to residential property. Commercial real estate (CRE) refers to any income-producing real estate that is used for business purposes such as offices, retail, hotels, and apartments.

How It Works

3 Easy Steps To Get Started

Step 1. Contact Us to Discuss the Purpose and Amount of Financing You Need:

We’ll work closely with you on a pre-qualification interview to determine the best type of funding based on the investment, your needs, and qualifications.

Step 2. Apply With Us:

Once you’ve chosen your desired loan option, simply apply with us through our straightforward application process. Our team will promptly review your application and guide you through any additional requirements.

Step 2. Get Funded:

Upon approval, we’ll quickly provide the necessary funding, ensuring a smooth and seamless customer experience. Now you’re all set to grow your business revenue and boost your operations.