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And in this case, equipment can be pretty broad. Companies take out equipment loans to finance the purchase of: Computers. Office furniture. Vehicles for commercial use. Machinery. Commercial ...
There are three main options for financing business equipment: loans, leases and sale-leasebacks. Even the best equipment loan may require a down payment of 10 to 20 percent, but you own the ...
Cons. Limited to financing equipment. May require a down payment. Loan could outlast life of equipment. Pros of equipment loans. If you need to acquire equipment for your business, there are lots ...
GreatAmerica is the largest independent, family-owned national commercial equipment finance company in the U.S. [3] and is dedicated to helping manufacturers, vendors, and dealers be more successful and keep their customers for a lifetime. A $3 billion company with life-to-date finance originations of $16.9 billion in the office equipment ...
A commercial and industrial loan (C&I loan) is a loan to a business rather than a loan to an individual consumer. These short-term loans may have an interest rate based on the SOFR rate or prime rate and are secured by collateral owned by the business requesting the loan.
If you finance through a manufacturer, you get the benefit of buying and financing commercial equipment in the same place. Manufacturers may partner with a lender to offer financing. If so, you ...
A commissary kitchen is an example of a shared-use kitchen that provides kitchen rentals. Kitchen incubators , also known as culinary incubators, also provide kitchen rental but can provide additional services like business development training, and access to services such as legal aid, packaging, label printing, and distribution.
Each type of equipment financing option has its benefits and drawbacks. Skip to main content. Sign in. Mail. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
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