WHAT IS EQUIPMENT FINANCE?
Every business aims to serve its customers in the best possible way, to achieve this, many companies buy new equipment or lease with the latest modern technology. Not all businesses can afford such sumptuous equipment because it can be costly.
If your business is in such a situation, then Easy Quick Business Funding’s equipment financing program is the most suitable option for you. Our equipment financing program is affordable, and you get the funding quickly to get the required equipment to enhance the services and products of your business. Our terms and conditions are straightforward, and it doesn’t matter if you have a running business or you are just going for a startup restaurant.
Our equipment financing program helps you get any equipment right away, and you can focus on the working capital.
WHEN TO CONSIDER EQUIPMENT FINANCE?
You have to consider the following “ifs” to consider before going for the equipment financing program
If Your running business needs new equipment and you can’t afford it.
If your old equipment has been damaged or become obsolete.
If you are going for startup and you have consumed your money on real estate or inventory, and you do not have the capital for equipment.
PROS AND CONS OF EQUIPMENT
FINANCE
If you are an owner of small businesses, you should look for a low
annual percentage rate of equipment financing.
Pros:
- Monthly finance payments are predictable.
- The equipment financing program helps you to build credit for your business.
- Relatively low annual percentage rate.
- The equipment serves your business as substantial collateral.
Cons:
- It requires relatively a bit high down payment
- It requires strong credibility and credit for good terms
Most Suitable For:
- A business with a year plus experience
- Revenue should be more than $50,000
