Equipment Financing
If you want to deliver high-quality service and results for your customers, you need the best equipment.
Whether it’s a fleet of company vehicles, heavy-duty machinery or restaurant and retail equipment, you have to be sure that your equipment is current and in working order. However, if your business is new, acquiring the equipment you need can be prohibitive.
Equipment financing is an excellent way to secure funding for these items, as they work differently from a traditional loan. At Mbrac Capital, we facilitate your application process, submitting to a variety of lenders to get the right financing for your business. In many cases, you can reduce your overall risk and lower your interest rates as compared to financing offers through your equipment supplier. Call us to find out more about the various options we can deliver.
Equipment Leasing
In many cases, it makes more sense to lease equipment than it does to purchase it outright. Some of the primary benefits of equipment leasing include:
Lower Cost of Ownership
Since you aren’t liable for repairs and maintenance, you can put that money toward other operational expenses.
Easy to Upgrade
When a new model comes out, you can renew your lease accordingly. This method is faster and more affordable than selling an older model and buying a new one.
No Down Payment
We can connect you with lenders that don’t require money upfront. This option is ideal if you’re low on capital but need equipment fast.
While leasing can be beneficial, it’s critical to weigh the pros and cons. Contact us today to find out more about the various leasing options so that you can make the right decision.
Equipment Sale Leaseback
Depending on your industry, owning high-end equipment can be advantageous. Unfortunately, if your business needs quick financing and you don’t want to take out a traditional loan, you may find yourself in a bind.
One potential solution is an equipment sale leaseback. This process enables you to access the equity in your machinery to receive immediate cash, all without losing the equipment. A leaseback is a two-step process. First, you sell the item to a leasing company to receive its full face value. Second, you sign up for a short or long-term lease with the same machinery. This way, you won’t interrupt your operations, but you still receive a substantial cash infusion.
This tactic is a sound option in some, but not all business scenarios. Contact us to begin a discussion about the the best solution for your business.
Equipment Refinancing
If you purchased equipment or machinery with a loan, now may be an ideal time to refinance. Equipment refinancing allows you to renegotiate the terms of the loan, which can save you money in the long run. In most cases, you can apply for lower interest rates and a more favorable repayment schedule.
Refinancing is particularly a good move when the Fed lowers interest rates. Also, if you need to access the equity in your equipment, this strategy can provide financial liquidity for your business.
To ensure that you get the best deal possible, call us first. We can connect you with many different lenders to find the right loan agreement to save your company even more money.
Hard Money Equipment Loans
Sometimes, you have to move quickly to take advantage of a new opportunity. Unfortunately, traditional loans can take a long time to close, which might derail your plans. In these cases, a hard money loan might be the best solution.
Hard money equipment loans work by leveraging the equity of existing materials to finance a new project. These loans can access up to 75 percent of the equipment, even if it’s not fully paid off. Typically, hard money financing lasts for about a year or less.
Because this process can be tricky and comes with added risks, give us a call. We can walk you through the system so that there are no surprises along the way.
Address: 885 Gold Hill Rd, Suite 454, Fort Mill, SC 29708
Call: 855-735-BRAC (2722)
Email: solutions@mbraccapital.com
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