Leverage Assets to Facilitate Immediate Capital Access for Growth
Equipment Financing defined
Equipment is a critical element for many companies, many industries and the US economy as a whole. From a manufacturing company that needs computerized precision machines, to logistics companies that need trucks, or earth moving equipment for a farmer all need some kind of equipment.
But this equipment is expensive and a growing enterprise may need multiple units at the same time. Some equipment has been used, but may have many more years to perform. Some equipment has to be new because technology or requirements changed. Many, if not all, companies borrow money to buy equipment.
Financing helps them spread the cost of acquiring the equipment over the lifespan of equipment. However, not all lenders provide financing for used equipment or are willing to refinance existing equipment. Acquiring equipment or refinancing your existing debt requires careful consideration and you may have several options to choose from.
Equipment Financing options:
Unlike Inventory Financing, Equipment Financing is offered by a larger number of lenders. However, much like Inventory Financing, the odds of loan approval are low, and to improve your odds, rates or deal structures you should talk to us.
Do you want to buy new equipment?
As your operations grow, you may want to add equipment to increase your production capacity. Alternatively, your existing equipment may be getting old and worn out. It may have to be replaced with newer, more efficient equipment.
Do you need to refinance your existing loan?
If you currently possess high-value equipment that appraises favorably, you might find refinancing your existing equipment loan as the best option to proceed. Lenders who offer Equipment Financing refinance, typically looking to lend from $500k to $5 million range.
Here’s where we can help:
YDS has a good deal of experience working with Equipment Financing partners. And since traditional alternative lenders may not be as open about your company’s current status, we can help you with institutional knowledge that can improve your chance of approval.
How do we get started?
Contact a YDS expert for a short no obligation free consultation call.
YDS will help you think through your options and introduce you to the best lending options for your company’s needs.
YDS can help you find Subject Matter Experts to help prepare you for the capital infusion, as well as improve your appeal to potential lenders.
YDS is there to support you through the application as you deal directly with lenders to apply and secure financing.