Equipment Financing Options
Not every business is the same — and neither is every financing solution. We work with 50+ lenders to match your company with the structure that fits your goals and cash flow.
Our Financing Options
Corporate-Only Loans
If your company is a corporation and meets certain criteria, you can be approved for a lease without a personal guaranty. A popular option for established corporations that want to keep personal and business finances completely separate.
- No personal guaranty required
- Available to qualifying corporations
- Keeps personal and business credit separate
- Ideal for businesses with strong corporate credit history
Financing Lease (Capital Lease)
A capital lease is ideal when long-term ownership of the asset is the goal. The lessee makes 24–60 monthly payments, then has the option to purchase the equipment at the end for $1.00 to 10% of the original cost. Capital leases appear on the balance sheet and take full advantage of IRS Section 179.
- Purchase option at end of term ($1.00 to 10% of original cost)
- 24–60 month flexible terms
- Section 179 deduction up to $1,160,000 in the year purchased
- Appears on balance sheet — treated like ownership
Operating Lease (Fair Market Value)
An operating lease is ideal when use — not ownership — of the equipment is what matters. These are off-balance-sheet transactions that typically offer lower monthly payments. At the end of the term, ownership is negotiated at fair market value, and 100% of each payment is deductible as an operating expense.
- Off-balance-sheet — does not appear as long-term debt
- Lower monthly payments than a capital lease
- Deduct 100% of each monthly payment as an operating expense
- Fair market value buyout option at end of term
Equipment Finance Agreement (EFA)
An EFA is a fixed-term obligation with equal monthly payments where the borrower is the owner of the equipment from day one. The lender holds a security interest. The borrower can deduct both the depreciation on the equipment and the interest portion of each payment as a business expense.
- Borrower owns the equipment immediately
- Equal fixed monthly payments for the full term
- Deduct depreciation and the interest portion of each payment
- Lender holds security interest until payoff
Monthly payments are based on approved credit. Call (704) 238-7219 for a quote or apply now.
Payment Calculator
Estimate your monthly payments for any financing amount.
Not sure which option is right for you?
Our team will walk you through the options and match your business with the right structure. Contact us to talk it through — or apply now and let us get to work.
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