Equipment Financing Options

Many businesses need to purchase or upgrade equipment while maintaining their cash flow and continuing to invest in other areas. With equipment financing, you get a loan or lease that allows you to get the equipment you need while maintaining your company’s cash flow and working capital. 

When you apply for financing, we’ll learn about your business needs and the equipment you want to finance and create a customized financing solution. Depending on whether you want to own the equipment or just use it without ownership, a loan, lease, or equipment finance agreement (EFA) might make the most sense. 

We’ve financed commercial equipment for companies of all sizes across dozens of different industries. Whatever type of commercial equipment your company needs, we’ll work with you to find the best available financing solution. 

Examples of equipment types we’ve financed include: 

• Manufacturing tools and equipment 
• Energy solutions (HVAC, lighting, solar power) 
• Construction equipment and heavy machinery 
• Servers, software, and other technology 
• Transportation and vehicles (trucks, vans, trailers) 
• Agricultural and farm equipment 
• Office equipment (copiers, printers, office furniture) 
• Healthcare equipment 
• And a wide range of other equipment across many industries

You don’t necessarily need a down payment to get the financing you need. In many cases, we’re able to provide 100 percent financing with no down payment through an equipment finance agreement (EFA) or $1 buyout lease. 

Since your loan amount and loan terms depend on many different factors that are unique to your business, we can’t make a blanket statement about what your loan amount and terms will look like. Factors like your credit history and score, annual revenue, and the overall picture of your business’ health can impact your loan terms. 

We always work closely with our clients to try and provide the amount of financing they need with loan terms that make sense for their business. We’ve financed equipment for businesses with unique needs like seasonal business fluctuations and temporary cash flow restrictions.

Depending on the nature of your business and your business’ credit history, we may look at your personal credit when evaluating your financing options. However, we never reduce anyone to a number, whether it’s your business credit score or your personal score. Credit score is just one piece of information among many we may use as we try to learn more about your business and find the right financing option for your unique needs. 

Team Financial Group has been providing fast, flexible financing since 2001, and we’ve delivered hundreds of millions of dollars in funds for our customers. Unlike many online lenders, we develop lasting relationships with both our customers and vendors to provide the best financing solutions. We focus on not just providing financing but on becoming a true partner with our clients so we can help their business grow. 

Banks operate within a rigid set of rules and regulations, and they frequently can’t work with customers who don’t fit within their narrow frame. Banks tend to prefer simple term loans and often require collateral. As an independent partner, we can apply creative thinking and consider the whole picture of our clients’ businesses to provide customized equipment financing solutions that are much more flexible and individually tailored than what a bank can offer. 

This doesn’t mean banks are bad or we don’t like banks. In fact, many banks refer clients to us. Some of our customers work with a bank to secure their working capital, such as a line of credit, and then partner with Team Financial Group for fixed-term financing to buy equipment.

We specialize in offering fast and flexible equipment financing for a wide range of businesses. If you have questions about the types of financing we offer and what types of transactions and assets we can finance, call us or use our contact form and we’ll be happy to chat.