No matter what type of business equipment you need, we can offer you better rates on your business equipment than competing equipment leasing companies. Our Equipment Leasing Program is a simple way for your business to obtain the equipment it needs, even if you’re short on cash to pay for this equipment up front.
How Does it Work?
Just like our business cash advance, the concept behind our Equipment Leasing Program is simple: if your business doesn’t have enough money to pay for the equipment you need up front, we can help you out in exchange for a small percentage of your future credit card receivables. Here is a simple explanation of how the process works:
- Your business identifies the equipment it needs
Once you come up with a list of the exact equipment your business needs to purchase, we will purchase that equipment for you. We can help you finance anywhere from $5,000 to $250,000 in equipment costs. The amount your business qualifies for depends on how much you process in sales every month.
- You pay us back a small percentage of your future credit card receivables
Before we lease the equipment to your business, we will agree upon a reasonable percentage rate of your future credit card transactions that we will deduct as repayment. Because this is a fixed percentage, we take less money back when business is slow, and more when business is better. This repayment rate makes it much easier and more comfortable for your business to pay us back in alignment with how much revenue your business generates.
- Once the equipment is paid off, it’s yours to keep!
Your business can make use of your new equipment without being left strapped for cash. Once your equipment lease is paid off, you can either apply for new equipment or apply for a business cash advance to obtain more working capital for your business.