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First Capital Business Finance
Commercial equipment leasing and financing are financial arrangements that allow businesses to acquire necessary equipment and machinery without making a large upfront payment. These options provide businesses with the flexibility to access the tools and assets they need to operate and grow, while spreading the cost over time.
Commercial equipment leasing with First Capital Business Finance has unique advantages over other types of financing or purchasing with cash that can be vital to your business. The main advantage, your payment and terms of the equipment lease are fixed once the lease has been approved. You will know exactly what your payment will be each and every month to help you better plan your available cash flow and budget for the future.
In a commercial equipment leasing agreement, a business essentially rents the equipment from a lessor (the leasing company) for a specified period. The business pays regular lease payments, usually monthly, in exchange for the right to use the equipment. At the end of the lease term, the business typically has the option to purchase the equipment, renew the lease, or return the equipment. Leasing is often preferred when businesses want to use the equipment for a specific project, have short-term needs, or prefer to avoid the responsibility of equipment ownership.
Leasing allows business owners to acquire necessary equipment without the significant upfront costs of a cash purchase. This is critical for FCBF’s primary audience, who often have limited cash flow and need to keep capital available for daily operations and growth
A core benefit of equipment leases is speed. Leasing through FCBF offers quick approvals and a streamlined process, enabling businesses to get their equipment into operation fast, avoiding the lengthy "bank-style red tape
Leasing allows your business to stay ahead of the curve by making it simple to swap out aging machinery for the latest, more efficient models as soon as your lease term ends. This flexibility ensures you never get stuck with obsolete technology, allowing you to scale your fleet and maintain a competitive edge without the burden of owning depreciating assets.
Unlike traditional banks that often say "no" to those with fair or poor credit, FCBF emphasizes accessibility and trust. Leasing programs are specifically designed to help hardworking entrepreneurs get the equipment they need, regardless of their credit history
We take great pride in flexibility, offering fair terms tailored to the challenges of running a small or mid-sized business. These lease programs are built to serve diverse industries, from construction and transportation to agriculture, providing personal support to ensure the financing matches the business's specific needs
Leasing your equipment provides significant tax advantages, as lease payments are often deductible as a business expense, reducing your overall taxable income. By utilizing IRS tax codes like Section 179, your business may even be able to deduct the full purchase price of the equipment in the year it’s leased, allowing you to reinvest those savings back into your growth.
Choosing the right lease structure depends on whether your priority is long-term ownership or maintaining maximum cash flow with the ability to upgrade frequently. By aligning your lease with your specific business goals, such as taking advantage of tax benefits or securing a low $1 buy-out—you ensure your financing supports your growth rather than straining your monthly budget. Here are a few types of equipment leases to choose from:
You make fixed payments over a designated term, eventually owning the equipment outright. Similar to a loan, you pay a financing fee instead of interest. Expect slightly higher payments but no additional buyout cost at the end. Tax benefits may offset monthly payment expenses.
Comparable to an equipment loan, you pay to rent the equipment and can purchase it for $1 at lease termination.
At lease end, you buy the equipment for 10% of its original cost, allowing for lower monthly payments with a predetermined final purchase cost.
Payments are made to use the equipment, and at lease end, you have the choice to buy the equipment at its fair market value, return it, or renew the lease. This suits equipment with rapid depreciation, like computers or gym gear.
You make payments and can buy the equipment for 10% of its initial value or opt out at lease end.
Primarily for semi-trucks and commercial vehicles, this lease allows you to purchase the vehicle for an agreed residual amount or the lender sells it to a third party. If the sale price is less than the residual amount, you owe the difference.
((Finance Amount + Residual Value) * Money Factor)) + Monthly Depreciation + Taxes = Monthly Lease Payment
Your business’s lease payment hinges on the money factor rate, determined by the leasing entity and your business credit score. Rates typically range from 6% to 8%, although they can vary.
Prepare to elevate your business to unparalleled success with First Capital, your steadfast ally in achieving financial prosperity. With a legacy of empowering businesses across diverse industries, we present a suite of meticulously tailored financial solutions to suit your distinct needs.
Immerse yourself in personalized financing solutions carefully crafted to align with your business goals. From adaptable terms to competitive rates, we seamlessly adjust to your financial landscape.
Time is of the essence, and at First Capital, we comprehend its value. Benefit from our streamlined approval process, ensuring prompt access to the funds you require precisely when you need them.
Our commitment is to clarity. Navigate your financial journey with confidence, secure in the knowledge that our terms and conditions are transparent and straightforward. No concealed surprises – just a clearly illuminated path to success.
Rely on our team of seasoned financial experts at every juncture. From understanding your unique requirements to recommending the ideal financial solutions, our expertise extends beyond mere transactions.
Your success is our paramount concern. Experience a customer-centric approach that places your needs at the forefront. At First Capital, we forge enduring relationships founded on trust, reliability, and mutual success.
Align yourself with a league of thriving businesses that have flourished with First Capital. Our proven track record speaks volumes, illustrating a history of financial empowerment and transformative partnerships.
First Capital transcends the role of a mere financial partner; we emerge as your ally on the path to financial success. Immerse yourself in the First Capital advantage and unlock a realm of opportunities for your business. Trust us to be your foremost choice in financial empowerment – because your success is important!
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These are just to name a few. If you don’t see your type of equipment listed, simply give our office a call. We offer financing on just about any type of equipment if it’s related to your business.
Is equipment financing the same as leasing?
Financing enables you to spread out payments for equipment over time, whereas leasing involves paying a fixed monthly fee for the equipment’s use during a designated period. Both options offer advantages, yet one may align more closely with your business needs.
What is a commercial equipment lease?
Equipment leasing entails renting equipment for your business operations instead of outright purchasing it. This arrangement offers numerous advantages and could prove suitable for your business based on various considerations.
How hard is it to get equipment financing?
Equipment financing stands out for its accessibility compared to alternative loans. While specific minimum credit score criteria vary among lenders, it’s not uncommon to encounter thresholds around 575 or 600 for personal credit scores. Remember, though, credit score is merely one aspect lenders take into account.
Can you lease with a 500 credit score?
Securing a new car lease could pose a challenge with a credit score hovering around 500. However, bolstering your application with a substantial down payment or enlisting a co-signer can substantially improve your approval odds.
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