Upgrade hardware, technology, machinery and other equipment
Equipment Loans in Houston, TX
Loans, leasing, and sale lease backs for all types of business equipment
Equipment loans in Houston, TX facilitate the purchase of new equipment so that your business can keep operating in a competitive marketplace. Equipment loans can cover the cost of vehicles, manufacturing equipment, office supplies and even computer software. Whatever tools tour business needs to run, an equipment loan can help you finance it. Since equipment comes in many forms, equipment loans can adapt to the specific equipment needs. Whether you intend to renovate a commercial kitchen or just update the operating systems of your computers, you can find the right equipment loan for your needs. And when you do not feel comfortable with purchasing new equipment, you can use equipment loans for leasing as well. Leasing gives you the benefits of using the equipment without the need for upgrades or maintenance, which can save you some money.
Many equipment loans in Houston, TX use the value of the equipment purchased as collateral against the loan. Because the loan is asset based, and leveraged against the equipment itself, it facilitates the loan approval process, because it reduces the emphasis on credit score. Leasing provides an alternative. In this circumstance, the lessor owns the equipment. The lessee pays a monthly fee, but is not responsible for equipment repair. No matter what kind of equipment your business needs, you can take advantage of an equipment loan to make sure your business continues to thrive.
Equipment Sale Leaseback
In many cases, a business can sell its current equipment assets to a leasing company for quick cash while still using the equipment. This basically acts as a loan for the value of the equipment secured against that specific asset.
In the event that your credit score adjusts and fluctuates, you can refinance loans you already have for better terms and more favorable rates. This way, you can make sure you do not overpay for a piece of equipment you might eventually need to replace.
Equipment Leveraged Financing
Sometimes you can use your current assets to help boost your productivity. By taking out loans or opening lines of credit tied to your assets, you can redirect funds towards profitable enterprises and use the profits to pay back the loans.
Is Financing Right for Your Business?
What Counts as Equipment?
How do I Obtain an Equipment Loan?