Nothing is more convenient than having instant access to funds that can be used to purchase business equipment or cover the cost of equipment repairs and upgrades. An equipment line of credit from Independence Equipment Funding lets you do just that.
It allows you to draw funds up to a pre-approved limit from your business checking account and repay only what you borrow, plus interest. That means you can make equipment purchases, repairs, or upgrades without applying for a new loan each time.
When you need to make an equipment purchase, preserving your company’s cash flow for operational expenses and other essential needs is important. With equipment financing from Independence Equipment Funding, you can acquire the necessary equipment without depleting your capital.
When you finance equipment, you get a loan to purchase the equipment. You then make manageable, fixed monthly payments over a predetermined period, which include interest. Once you fulfill all the payment obligations outlined in the equipment loan agreement, you will gain full ownership of the equipment.
Buying business equipment outright can be challenging. The upfront equipment costs can strain your company’s cash flow and make allocating funds to other business areas difficult. For these reasons, many business owners lease equipment instead of buying it. Independence Equipment Funding specializes in equipment leasing, and we simplify the entire process.
With an equipment lease, you can use (rent) the equipment for a specific time frame in exchange for monthly payments that include interest. This arrangement eliminates the need for a big down payment and helps you conserve cash flow and maintain liquidity. Your Independence Equipment Funding account manager will explain the available end-of-lease options.
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