Equipment Financing in New York City
Providing your business leverage for growth and expansion
Business Finance for your machinery
From owning a restaurant with POS systems to an office that needs new supplies, every business requires equipment to function. JSV Capital knows the value in having the right tools for the job, so that’s why we offer equipment financing in NYC. Across all industries, our financing options feature flexible terms and payments to fit your budget. Below, we’ll explore what equipment financing is, how the process works and what you need to know before applying.
What Is Equipment Financing?
Equipment financing refers to the type of loan that’s given to acquire equipment integral to your business’s day-to-day operations. You may use this type of financing to replace outdated technology, machinery that has broken down and more.
Equipment loans incorporate the price of renting or purchasing new or old equipment. This type of asset-based financing requires that the equipment itself serves as the collateral. For this reason, it’s often easier to qualify for equipment financing as opposed to other types of loans. Therefore, they can be great options for a startup business or those who have low credit scores.
How Equipment Financing Works
Equipment financing works in two ways. You can either receive funds through a loan to purchase new or used business equipment yourself or lease the equipment from a lending company without commitment. In both scenarios, you will be responsible for paying back the provider over an agreed-upon term. When leasing equipment, you may have the option to buy out the lender at the end. When getting a loan, you’ll be the owner after the equipment is paid off. Whichever route you take, JSV Capital offers flexible payments that fit your budget.
Common Uses For Equipment Financing
True to its name, equipment financing is a way for businesses big and small to obtain equipment when they don’t have the money on hand to do so. JSV knows that what’s right for one business may not be for another. If you’ve been considering getting additional financing, here are the most common uses for equipment loans:
Commercial Fleet Leasing
Need more vehicles to run your company? Skip the paperwork and price tag associated with purchasing a new means of transportation by financing your own fleet.
Restaurant Equipment Financing
Restaurants call for large purchases ranging from refrigerators to ovens, delivery trucks and more. In order to keep this equipment from interfering with your cash flow, financing can help make it easy to stay afloat.
Office Equipment Financing
At JSV Capital, we can finance almost any type of office equipment you may need. This includes furniture, printers, software, computers and more.
Construction Machinery Loans
Purchasing construction equipment isn’t cheap. Whether you need heavy machinery or attachments, we’ll provide you with the best solution to fit your business needs
Medical Equipment Financing
Stay ahead of the curve by outfitting your hospital or practice with the latest treatment and testing options with the help of a JSV equipment loan.
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?
At JSV Captial, we make obtaining equipment financing faster and easier than a traditional bank. In order to qualify, we ask that your business be operational for a minimum of one year. As an owner, you must also have a credit score of at least 550 and an annual income of $180,000 or more.
How Long Can I Finance The Equipment?
Everything from what lender you use, equipment type to the amount of money you need to borrow will determine how long you’re able to finance the equipment. Typically, borrowers have possession of the equipment for two to seven years but the length of time can be more or less. Speak with the specialists at JSV Capital today about obtaining equipment financing for your business.
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.