Equipment Financing in New Jersey
Providing your business leverage for growth and expansion
Business Finance for your machinery
A key part of running a business is having the proper tools or machinery for the job. At JSV Capital, we know that these purchases can get expensive, yet are imperative to your success. So what can you do? The good news is that JSV offers equipment financing options in NJ so that you can afford more than just the basics. Our financing program offers flexible terms and payments that fit your budget, no matter what industry your business is in.
What Is Equipment Financing?
Equipment financing is a specific type of loan that allows business owners to acquire the tools, technology, or machinery essential to running their business. The variety of equipment this financing option includes everything from bulldozers and medical supplies to company vehicles and office furniture. It incorporates the cost of renting or purchasing the equipment (which can be new or used), collateral and comes with term lengths that align with the life expectancy of the equipment.
How Equipment Financing Works
When opting for equipment financing, whether you want a lease or loan will depend on your credit score or how long you intend to use the equipment. Leasing is when the lender buys the equipment and then rents it to you over an agreed-upon term. At the end of the lease, you may be able to buy out the lender and purchase the equipment. A loan provides you with the money that’s needed to purchase the equipment yourself. Upon repayment of the loan to the lender, you will automatically become the owner of this equipment. In either scenario, JSV Capital offers flexible, regulated payments that fit your budget.
Common Uses For Equipment Financing
Equipment financing can take several different forms. Many of which business owners may not be aware of. JSV knows that what’s appropriate for one business may not be for another. Whether your company is big or small, here are some of the most common uses for equipment financing:
Commercial Fleet Leasing
This can include everything from a commercial truck to vans or passenger vehicles. JSV’s financing options will ensure your transportation needs are met, whether you’re interested in leasing new or used vehicles.
Restaurant Equipment Financing
In this day and age, restaurant owners face the challenge of managing cash flow while investing in their operations and staff. Equipment financing can help those with limited funds preserve their restaurant’s capital while expanding or upgrading their business.
Office Equipment Financing
From modern furniture and printers to computers and software, your office’s needs are constantly changing. If you want to stay competitive, equipment financing from JSV Capital can have your workplace performing better than before.
Construction Machinery Loans
Construction is an equipment-intensive industry. With the right tools and machinery, your company has the opportunity to bring in more revenue.
Medical Equipment Financing
To stay ahead in the healthcare field, equipment financing has become a popular way to obtain the latest treatment and testing options. At JSV, we’ll work with you to outfit your new practice, help you buy an existing one or expand your current location.
Our Business Funding Advantage
What Do I Need to Qualify for a Loan?
How to Apply
What Do I Need To Apply For Equipment Financing?
In order to qualify for the equipment financing programs through JSV Capital, you will need to have been in business for at least one year and have a credit score of 550 or higher. You should also have an annual income of $180,000 or more.
How Long Can I Finance The Equipment?
The amount of time you can finance equipment will vary according to the lender, the amount borrowed and the equipment type. On average, however, owners are given between two and seven years. To learn more, speak with the specialists at JSV Capital about your financial needs.
Get Your Equipment Loan Today
JSV Capital is an equipment financing company that believes in putting our customers first. That’s why we offer a seamless and quick application process for loans. If you’re getting a commercial machinery loan to finance your business equipment, you can get up to 100% of the value. We don’t make our customers jump through hoops for approval. You can get assistance from our experienced loan experts without any obligation to get started.
Inquire about our Business Loan programs.
We are one of the most trusted sources for merchant cash advances. Unlike most lending companies, JSV Capital provides access to quick and affordable small business funding options for all types of businesses.
Like you, JSV Capital is a small business, and we take pride in helping our neighbors secure the financing they need to grow and achieve success. Contact a reputable loan consultant at JSV Capital about how we can help you and your business get funding today.
Apply for Commercial Equipment & Machinery Business Financing
No cost to apply. Applying will not impact your credit score.