For many small business owners, the idea of purchasing heavy equipment may seem like an impossible dream. This is mainly because of the large price tag that construction machinery and other heavy equipment carry. Many businesses are surprised to learn about the possibilities of equipment financing. At Magenta Commercial Capital, we’ve helped countless small businesses purchase the best equipment for their industry, all without putting a strain on their company’s funds.

How Does Equipment Financing Work?

Equipment loans aren’t a dream, though you may think so after you’re setting up top-of-the-line equipment for your business. This type of financing operates by using the equipment for purchase as collateral, lowering loan qualifications, interest rates, and other factors. This means that the best equipment may be within reach of your small business after all.

What Are the Requirements for Equipment Leasing and Loans?

One of the biggest advantages of equipment leasing and loan programs is that they adapt to the needs of every business specifically. In other words, we look at your company’s unique situation. Here are a few basic requirements to give you an idea:

• Financing up to $500,000 and above
• No financials required for amounts up to $150,000
• Approvals in as little as 24 hours
• Small or no down payments
• Fair credit score
• Two years in business
• Sufficient cash flow to cover monthly payments

We also offer expanded equipment financing options that include:

• Special programs for low or impacted credit
• Equipment financing for startups
• Guaranteed approvals for government and municipal agencies
• Sale-leaseback programs

 What Type of Equipment Can You Purchase or Lease?

Equipment financing covers virtually any type of business equipment and industry:

• Manufacturing equipment
• Construction equipment
• Technology and software
• Payment systems
• Restaurant equipment
• Healthcare and dental treatment systems
• Trucking equipment

Our equipment leasing and loan options provide significant funding for all of these equipment types and more. Contact us right away to see our full range of financing options.