Sentences with phrase «of equipment loans»

The structure of an equipment loan may also impose a lien upon additional business assets or require a personal guarantee.

The term of an equipment loan is determined by the economic life expectancy of the equipment being purchased.

Not exact matches

For now, the Matlacks ride the fortunes of the agricultural economy and banks» willingness to make loans for major equipment.

Instead of paying cash for your equipment, the manufacturer can effectively loan you the money by selling you the equipment on an installment basis.

Many small businesses must rely on loans or other forms of credit to finance day - to - day purchases or long - term investments in facilities and equipment.

If you have any valuable assets (i.e. inventory, equipment, vehicles, electronics, property, contracts, pending invoice payments, etc.) you may be able to sell some of these at market value to generate quick cash, or use them as collateral in obtaining a secured loan.

Port Equipment Service moved into its new headquarters at the end of December with a loan for $ 321,467.18 facilitated by TowneBank.

A loan of $ 25,000 to expand your product line or buy new equipment?

Alternative lenders rely more heavily on unsecured loans, but some lenders offer lines of credit backed by inventory, equipment, or even accounts receivable.

This type of secured loan is more comfortable for lenders; if you can't make your payments, they'll just take the equipment back.

In fiscal year 2005 the SBA provided $ 20 million worth of MicroLoans, disseminated through non-profit groups, these loans are intended for the purchase of machinery and other equipment, office furniture, inventory, supplies, and working capital.

They even took preemptive steps to mitigate the impact of sanctions, including switching most dollar payments and loans of Deripaska's En + Group PLC into euros and pounds as well as planning to replace U.S. equipment suppliers with European ones, according to one of the people involved in the planning.

Finally, the SBA notes that loans that they guarantee are only to be used for specific business purposes, including «the purchase of real estate to house the business operations; construction, renovation, or leasehold improvements; acquisition of furniture, fixtures, machinery, and equipment; purchase of inventory; and working capital.»

You must access funds from the Equipment Express loan account within 60 days of account opening.

For example, the loan term when purchasing short - turnaround inventory and a large piece of manufacturing equipment could be very different.

Loan terms vary from 10 years (for equipment) to a 20 - year term (for real estate), making it possible for business owners to repay the loan over the expected lifetime of the asLoan terms vary from 10 years (for equipment) to a 20 - year term (for real estate), making it possible for business owners to repay the loan over the expected lifetime of the asloan over the expected lifetime of the asset.

Because in some situations, a lease can cost more than a loan, many businesses choose to finance the purchase of equipment rather than lease.

The lending standards on equipment financing can be less strict because your equipment will be used as collateral for the loan — in other words, if you default, the bank has the right to seize your equipment to cover the cost of their lost money.

Because of the longer terms, these loans can be used for serious investments in your business, such as long - term equipment purchases, large inventory purchases or business expansion.

The Disaster Loan Program is designed to provide low - interest loans to businesses of all sizes, private non-profit organizations, homeowners, and renters to repair or replace real estate, personal property, machinery, or equipment that was damaged or destroyed resulting from a declared disaster.

504 loans can have either a 10 - year term (for equipment) or a 20 - year term (for real estate), giving borrowers the ability to repay the loan over the lifetime of the asset.

Many 7 (a) loans are used to purchase assets like real estate and equipment because the terms are favorable and allow you to repay the loan in terms compatible with the life of the asset being purchased.

A small business term loan is used to meet a business» capital needs — purchasing inventory, buying expensive equipment, building a new building, or any other business - related expense that requires more capital than is immediately available within the cash flow of the business.

Specifically designed to pay for the purchase of equipment and machinery, equipment loans are similar in structure to a conventional loans, with monthly repayment terms over a long period.

If the loan is intended to purchase some kind of asset, like a piece of equipment or real estate, the lender might use the asset being purchased as collateral.

Depending upon the nature of the equipment, its useful life, and whether or not the intention is to keep it as a long - term asset, an equipment loan could make sense for a small business.

The two most identified loan purposes of the small businesses participating in the survey were to purchase equipment (54 percent) or to purchase inventory (51 percent)-- both purchases tend to be very total dollar cost sensitive.

If the small business loan is intended to purchase some kind of asset, like a piece of equipment or real estate, the lender might use the asset being purchased as collateral.

This could be a good fit for many loan purposes including the purchase of commercial real estate, funding a large expansion project, purchasing equipment that will be depreciated over many years, along with many other longer - term financing needs.

Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset - based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, merchant payment processing, institutional fixed - income sales, commodity and equity risk management, corporate trust fiduciary and agency, and investment banking services, as well as online / electronic products.

Because Currency is an equipment financing marketplace, you'll see a wide range of loan offers with varying loan amounts (up to several million dollars), terms and interest rates.

What we like about Currency is the range of loan terms and options for equipment financing.

Currency is an online equipment financing marketplace that provides a variety of loan and financing products through in - house financing as well as its partner lender network.

If you're considering a merchant cash advance for financing the purchase of quick - turnaround inventory, equipment, an expansion project, or marketing initiative, a three - to 36 - month online business loan is another option if you have at least a year in business and annual revenues of $ 100,000 or more.

One use of a bank loan, for example, is to finance equipment.

Avoid using Kabbage to cover the costs of large equipment purchases or renovations; you'll want to finance those with a long - term, lower - cost loan.

These lenders are not bound by the limitations of traditional channels, such as banks, and provide a number of funding solutions, such as merchant cash advances, equipment financing, commercial real estate loans, and more, to help people get their franchise opportunities up and running.

Commercial financing programs such as mezzanine financing, asset - based lending, equipment financing, and much more can help make buying and furnishing a franchise much easier than paying out of pocket or going into debt by taking out bank loans.

Taking out an equipment financing loan is a way of helping businesses get the equipment they need without having to pay some of the upfront costs of a purchase.

In other words, if you need to purchase a new piece of equipment, then a loan should suffice.

Once the loan is paid in full, you own the equipment free of any lien.

The following will provide an overview of how equipment financing works, what rates and terms you can expect in today's marketplace, what are the basic qualifications for these loans, and where you can obtain such a loan.

Hiring a qualified accountant in anticipation of applying for an equipment loan is advisable to ensure your finances are in order.

Equipment Financing is a loan product used to help business owners purchase any type of equipment needed to run the Equipment Financing is a loan product used to help business owners purchase any type of equipment needed to run the equipment needed to run the business.

For purchasing equipment, as long as you've provided some investment into your business you should be able to acquire financing, although there are plenty of ways to raise money, like grants, loans, line - of - credits from your bank, etc. (I prefer to use a line of credit)

A retail business loan from LendingCrowd can help finance the purchasing of office equipment, machinery or premises which may help to increase your company's productivity and value

If those terms make you a little uncomfortable, or if buying just makes more sense in regard to the pieces of restaurant equipment you need, take a look at getting a small business loan.

Most equipment loans allow you to finance between 80 % and 100 % of the purchase price of the equipment, and they normally have low interest rates.

Purchase or refinance of owner - occupied commercial real estate, facilities expansion, working capital, or equipment purchases with a mortgage loan secured by commercial property.

A recent ProOpinion survey showed that 18 % of respondents agreed that taking out a loan to buy new equipment was an adequate reason in the right circumstances.