Equipment financing and leasing are both types of financial services that help you to acquire new equipment or pay for the use of existing equipment.

Equipment financing and leasing are both types of financial services that help you to acquire new equipment or pay for the use of existing equipment. The main differences between them are:

Equipment financing helps you to finance the purchase of new machinery, such as a forklift, while leasing only allows you to pay a monthly fee for the use of machinery. 

Equipment financing is typically more expensive than equipment leasing because it requires that you make monthly payments on top of the total amount financed.

We can help. We offer a variety of equipment financing options including:

Leasing: 

Used equipment that you can use immediately while paying only a fraction of the cost up front. This is a great option for growing companies who want to make their initial investment in new equipment but don’t want to sink all of their capital into it right away.

Equipment Financing: 

The best way to purchase new equipment for your business without having to go into debt or put up a large down payment. Our fully-collateralized loans are backed by your existing assets and will not affect your cash flow or credit rating.

Equipment Leasing: 

A great solution for businesses that have been using the same or similar equipment for many years and are looking for a way to upgrade without having to take on more debt.

Equipment leasing is a long-term contract that allows you to pay only for the equipment's cost of ownership — not its operating costs. Leasing lets you keep all the profits from your business while also reducing your risk of losing money on a bad investment decision. Contact us for more info.