Equipment Financing

Regardless of your industry, we can help you obtain the best deal on business equipment financing for virtually every type of equipment. We work with a wide range of business types, including medical, software, manufacturing, commerce, food services, automotive, and much more.

If you’re looking for equipment financing to grow your business, offer new products or services, or simply get a competitive edge, we can help! Our streamlined equipment financing process will help you secure the capital you need in as little as 24 hours. Our Business Financing Advisors will tell you everything you need to know and give you the opportunity to ask any questions.

All of our business equipment financing options are fully customizable to fit you and your business needs.

Instead of a business paying the full cost of equipment up front, a lender will purchase the equipment on their behalf. The business then repays the total cost, plus interest, through regular installments to their lender and maintains ownership afterward.

• Borrower shops around for lenders, finds a few that align with their goals, and selects the best offer
• The lender they’ve chosen sends payment to the vendor offering the borrower’s chosen equipment
• The vendor provides the borrower with said equipment
• The borrower pays back the principal and interest to the lender in regular installments throughout the term outlined in their contract

At the end of the repayment term, the borrower keeps the equipment. This is the main difference between equipment financing and an equipment lease, as a lease agreement requires the borrower to return the equipment at the end of the term.

There are other ways to finance an equipment purchase. For example, you can secure a traditional business loan and leverage the funds to make the purchase. However, standard equipment financing typically has better terms, and more importantly, the purchased asset can act as collateral for the financing.

Equipment often comes with a hefty price tag. Outside of a less stressful payment process, here are a few of the most notable benefits of equipment loans for business.

• Protects Cash Flow: Even if your company could afford the equipment outright, a loan keeps that capital liquid. Cash flow can make or break a business.
• Supports Business Growth: If this equipment will help your business scale to the next level, it’s a worthy investment. An equipment loan can help you make that step without requiring you to first save up for the full cost of equipment.
• Fewer Requirements Than Other Business Loans: Equipment financing generally doesn’t require underwriting that’s as stringent as other types of small business loans, meaning your newer or struggling business may be able to get this type of loan. Plus, because you can use the equipment you’re buying as collateral, you may not need to put as much on the line to secure the loan.
• Tax Advantages: You can write a lot of different types of business equipment off for your company’s taxes. Plus, you may even be able to claim your equipment loan payments as an operating expense. Consult with your accountant to explore how your equipment — and potentially its loan — could reduce your tax liability.

Wondering about the benefits of equipment financing in your business? Reach out to National Business Capital’s expert Business Finance Advisors for more detailed information about your specific situation.

The benefits of business equipment financing involve being able to quickly acquire equipment with minimal upfront fees and manageable payments. This can improve your cash flow, balance sheets, and even features certain tax advantages. Business equipment financing is a strategic way to boost your productivity without an enormous upfront investment.

1. Improved cash flow

Business equipment financing allows you to acquire the equipment you need now – and manage the costs later on. There’s no need to make a large, lump-sum payment to cover the entire price upfront. Instead, the cost of the equipment will be broken down into more manageable payments – which will be easier on your cash flow.

2. Greater productivity

Business equipment financing gives you a head start on boosting your productivity. You’ll be able to put your plans to action now and make payments as your business grows.

3. Enhanced forecasting

There are no surprises when it comes to business equipment financing. Your payments will stay steady over time and you’ll know exactly how much you’ll be paying for how long. The interest rate you’ll receive will also be locked in for the duration of your loan. With exact figures in mind, you’ll be able to effectively forecast your business’s cash flow.

4. Potential tax advantages

Business equipment financing may allow you to claim additional deductions on your annual tax return. Make sure to contact your tax advisor to learn about the specifics, including how much you could possibly save.

5. Flexibility

You have complete freedom to choose your vendor and the type of equipment you’d like to purchase. Unlike some banks, National doesn’t impose restrictions on the type of equipment you can finance – as long as it makes sense for your business it’s a good fit!

Start growing your business right away. Learn how you can skip the standard 2 week waiting period and get new or used equipment financing in less than 24 hours.

While other types of financing offer broad use cases, equipment loans are designed specifically for equipment purchases. The term “equipment,” however, is very broad.

Businesses can leverage equipment loans to finance:

• Computers
• Office furniture
• Vehicles for commercial use
• Machinery
• Commercial kitchen equipment
• HVAC units
• Phone systems
• Printers and copiers
• Medical equipment
• Industrial equipment

In other words, if your company needs to make a big purchase of a tangible asset, an equipment loan can help you break it into manageable payments that you make over time.

In order to qualify for business equipment financing, you’ll need at least 1+ Year in business and $500,000 in annual revenue.

While banks and credit unions have low approval rates, National Business Capital offers enormous flexibility when it comes to qualifying for equipment financing.

Our exclusive lender marketplace makes it easier than ever to find the most competitive equipment financing offer you qualify for. Rather than apply to lenders individually, you with us apply once, receive multiple options, and select the one that best fits your needs alongside expert guidance from our Business Finance Advisors.

National Business Capital’s streamlined process makes it easy to compare the most competitive offers you qualify for. Here’s how it works.

• Apply Securely Within Minutes – Move through our streamlined application within minutes and upload your business documents with zero risk.
• Review Your Offers – Compare your offers with expert advice from our team and select the best one for your specific circumstances.
• Receive Your Equipment – Your lender sends payment to the vendor, who then provides you with the equipment you financed. Repayment is handled with your lender over the course of your term.

Start growing your business right away. Learn how you can skip the standard 2-week waiting period and get your new or used equipment financing in under 24 hours!

Better Terms. Faster Funding. Easier Process.

Accelerate your success with frictionless financing and expert advice that breaks down the barriers to growth for every entrepreneur. Thrive with access to a business lending marketplace that’s built for entrepreneurs, by entrepreneurs.

Experience a time-saving machine that cuts approval times from months to hours. Leverage an extensive network of over 75 lenders and teams of expert financing advisors to ensure you’ll always have access to the capital that best
fits your business.

Working with NBC, gain a financing partner for the future, ensuring your business has the capital it needs to seize every opportunity and grow without limits.

National Business Capital. Grow to Greatness.