EQUIPMENT
FINANCING
Fast, Flexible Equipment Financing
Over 30 Years of Experience
We pride ourselves in offering the best financing programs in the equipment finance industry.
Great credit or in need of some help, you’ll get the most competitive financing terms we can offer.
No Money Down Option
You have the option to finance up to 100% of the cost of the equipment including some incidental charges. That means you can start putting the equipment to work today.
$250K Application Only
We can put your good credit to use with a fast, application-only finance of up to $250,000 for qualifying customers. Need more? No problem, we only require a bit more of your financials.
Customized Programs
You’ve been creative in building your businesses based on years of expertise and success. We can do the same with your financing and customize a program to fit your specific needs.
The Benefits of Financing with TheBelmontFG
Discover how you can get the equipment you need, preserve liquidity, lower taxes and experience rapid growth in your future
Get the right equipment
You won’t have to settle for less than what you really need to grow. A finance or lease option may allow you to acquire more effective equipment and technology that you couldn’t afford to buy outright.
Protect your cash flow
In every economic climate, cash is king. Keep your working capital ready and available for operations, pay salaries, purchase materials and take advantage of new business opportunities.
Potential savings with tax write offs
You may be able to write off up to 100% of all expenses related to your equipment finance or lease. Consult a legal or tax professional to see if you qualify.
Target larger clients and bigger orders
If you don’t have the production capacity to fulfill your orders you can’t grow. Get the equipment you need now to serve the bigger clients that you really want to go after.
How Equipment Financing Loans Can Work for You
Having the right equipment for your business can make or break your business. Sometimes you may not have the cash on hand when you need to upgrade crucial equipment and that’s where we come in. Our equipment financing loans help businesses secure the equipment they need to keep their business up and running.
Unexpected equipment repairs or upgrades can have a significant impact on your business. From heavy equipment like forklifts to large medical equipment, having the equipment you need is an important part of your business’s success.
Minimum Requirements:
- 6 Months+ in Business
- $5,000+ In Monthly Revenue
- Business Bank Account
File Goes Into Underwriting
Our underwriting team will then review the application and business bank statements to ensure you meet the criteria and we look at factors such as credit history, annual revenue and time in business to make a credit decision.
Lender Reviews Credit Profile
The lender reviews the application to ensure the borrower meets their minimum criteria and looks at factors such as credit history, annual revenue and time in business to make a credit decision.
Quick Decision, Fast Funding
A Funding Specialist will contact you to discuss options. Secure funding up to $500,000 for your small business.
To start the Equipment Financing Process, The Belmont FG will need the following along with the application.
⦁ If applicable, indicate whether you have a down payment or if you require funding from The Belmont Franklin Group for the down payment.
⦁ Total equipment cost requested, including a quote specifying the year of manufacture and whether it’s new or used.
⦁ If used, please specify if it has been remanufactured or updated, along with the model number plate.
⦁ Last three months’ complete bank statements.
⦁ Year of manufacture of the equipment.
⦁ Driver’s license.
⦁ Voided check.
FAQ'S
Similar to an auto loan for purchasing a car, equipment financing allows a business owner to purchase a piece of equipment with payments made over time. Whereas with an equipment lease, a business owner can rent equipment with regular payments and without the intention of owning it. When the lease ends, there is typically an option to renew the lease again or return the equipment.
Equipment financing provides you with equipment for your business. You make regular payments for the equipment price plus interest. Once the repayment term for your loan is over, you’ll either own the equipment outright or will need to make a decision on renewing your lease or not. Almost any type of equipment can be financed for your business so your operations run smoothly and stay competitive.
Alternative lenders make it simple to secure financing for necessary equipment upgrades. While traditional banks don’t often offer equipment financing loans due to equipment depreciation, The Belmont Franklin Group has a team of Funding Specialists who specialize in securing customized financing solutions for your equipment needs. Simply fill out our quick application to get started.
The length of your loan term is dependent on several factors and varies by loan. However, you can generally finance equipment anywhere from one year all the way up to a decade.
Section 179 is applicable toward equipment-financed purchases and often has added value for business owners by allowing them to deduct up to 100% of the purchase cost. This gives you a tax savings benefit while also keeping working capital for other expenses in your business. Depending on the equipment, combining financing with the Section 179 deduction could greatly help your bottom line.
Heavy equipment purchases can place a financial burden on your business, but financing equipment is a great way to make it more affordable for your business. An equipment financing loan or lease allows you to make periodic payments toward a heavy equipment purchase. The Belmont Franklin Group offers a quick and easy application process where upon approval, you could receive the funds in as little as 24 hours.
Running a farm relies on having the right equipment. It’s easy to secure funding for critical equipment such as tractors, combines, or sprayers. With our simple application process, you can receive funding in as little as 24 hours upon approval. The Belmont Franklin Group has a team of experts who specialize in securing customized loan terms for farms of all sizes.
