Equipment Lending in Atlanta, GA and Nationwide
We offer a full suite of equipment financing products including purchasing, leasing, and sales-leaseback options in Atlanta, GA and nationwide. Funding amounts range from $50K – $50MM, with packages customized to each company’s unique needs. Our funding timeline for equipment financing is highly flexible, with approval frequently happening within 48 hours.
Equipment Purchase
Equipment loans allow your business to get ownership of the equipment you need to do business today, use it to generate revenue tomorrow, and then pay for the equipment with the income you generated. Many companies would be unable to deliver their products or services without this financing.
A significant benefit of equipment purchase loans is that often – and for all non-recourse financing – there is no collateral required. The equipment you are purchasing serves as the collateral for the loan, making this financing option perfect for small business owners who have been denied a business loan from another lender. In addition, equipment loans tend to process much faster than many other asset-based loans, allowing companies to move quickly on getting the trucks, computers, and equipment needed to keep their doors open.
Equipment Leasing
Leasing can be a great solution to enhancing your company’s liquidity, helping manage cash flow, and optimizing your balance sheet. We offer a variety of leasing options, including True Lease or Fair Market Value (FMV) Leases, Early Buy-Out Leases, Terminal Rental Adjustment Clause (TRAC) Leases, and Rebate Leases.
While it isn’t right for all businesses, leasing can have a number of benefits over purchasing your equipment directly. True leases avoid any down payments by financing 100% of the equipment, and uses the equipment itself as collateral for the financing, eliminating the need to put any additional personal or business assets on the line. Lastly, leasing significantly decreases a company’s risk exposure. Businesses no longer need to worry about non-functioning equipment, and when the lease ends, are not stuck with outdated equipment that is difficult to sell.
Equipment Sale-Leasebacks
Equipment sale-leasebacks can be the perfect option for companies that need to receive funding quickly. If your company owns equipment (such as vehicles, heavy machinery, manufacturing tools, and so on), you can use them to get financing in just days.
Cash through an equipment sale-leaseback comes much more quickly than searching for a buyer to purchase your equipment downright. Most importantly, this approach allows your business to continue using the equipment in its daily operations. While you sell the title to the equipment receiving immediate cash from the sale, your business still retains the rights to continue using the equipment through an ongoing rental agreement. This approach combines all the advantages of speedy funding with longer terms, low payment options, and low rates.
Equipment Refinancing
Refinancing equipment that is already owned can provide lower rates, better terms, and improve cash flow to finance other projects or purchases. Loans are calculated based on the value and condition of the already owned company equipment and are typically 12 months in length. The company still owns the equipment, as it is used as collateral only if the account goes into default. Thus, businesses can continue to use their equipment as they normally would.
Hard Money Equipment Loans
A hard money loan is typically a few months, to a few years in length, and is secured by real property such as equipment or machinery. They are most effective in providing temporary funding to help with a financial situation, or to hold a business over while they’re waiting for long-term financing to be approved.
Many times, a hard money loan can be acquired even if money is still owed on the property or equipment. Funding is typically up to 75% of the value of the owned property and can be used for most business operations including the purchase of new equipment, wages, inventory, and construction projects. Repayment for hard money loans is usually only the interest on the loan, with the final balance due at the end of the term in the form of a balloon payment.
Phone
678-269-4020
info@peachtreecap.com
Address
Marietta, GA 30062