First Capital Business Finance
Are you in the market for getting some additional equipment for your business, or if you’re a startup company looking to get your first piece of equipment? Regardless if you are an established business or even if you just started your business today, we have a wide variety of programs for all business owners! We would strongly recommend anyone who’s in the market to buy some equipment, they get prequalified first. Getting prequalified will help you understand the following:
The type of equipment is going to be important when you’re shopping and visiting dealers. Some programs will have guidelines and limitations on the age, hours or miles on the equipment. For an example, some banks or lenders won’t finance older equipment. So it’s best you understand this prior to investing some time testing out and searching for equipment. The good news with our company, we have a wide variety of programs, some do have age limitations, and some do not! So it’s in your best interest to figure this out beforehand.
The amount of financing you are needing might be totally different from what you actually will qualify for. You might want a brand new piece of equipment, but due to the cost of the equipment you may
need to consider buying a used one because of qualification purposes. Again, it’s best to see what amount you qualify for prior to shopping for equipment.
The length of term for equipment financing is typically 12 to 60 months. However, there are some terms that may go out to 84 months depending on the amount being financed. But knowing what you qualify for, will also give you an idea on what the monthly payments will be. This is a great way to figure out the cash flow and you’ll be able to make a more informed decision on the type of equipment and the cost of the equipment.
Paperwork and providing information to finance companies can be overwhelming at times. We understand that, and we make the process as simple as possible. We have programs that don’t require tax returns, financial statements, or bank statements and we also have programs that do require those financial documents. But if you get prequalified by one of our advisors in advance, your expectations will be set in the right direction to set up yourself for a smoother transaction with our company.
We are not limited to established businesses, we also have programs for startup businesses. Guidelines will be different for a startup business, so it’s highly recommended you speak to one of our advisors and they can go over all the different options with you.
Same Day Loan Approval
Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!
With our company, you can get the money you need to stay ahead. Whether you need to purchase or rent up-to-date equipment or preserve your cash flow, we can help. Our process is simple and fast. If you already have your equipment picked out and ready to go, then we suggest you start your pre-approval process before signing agreements.
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Same Day Loan Approval