Equip your business for success, even when cash is tight. Our equipment financing consultation may be just what your business needs to keep your operations running smoothly.
Equip your business for success, even when cash is tight. Our equipment financing consultation may be just what your business needs to keep your operations running smoothly.
Finance new or used equipment before December 31st to use Section 179 for a 100% tax deduction. Learn More
Having the right equipment can make or break your business. Sometimes you may not have the cash flow you need to upgrade crucial equipment or expand your operations and that’s where we come in. Our consultation for equipment financing can help your business secure the equipment you need to keep their business up and running.
Get up to $150,000 for equipment that’s critical for running your business Lease new or pre-owned equipment
Help your business operations run smoother with new equipment and keep your working capital to fund other important parts of your business
Lease about any type of new or pre-owned equipment You decide what equipment your business really needs
Get funding fast so you can make important purchases quickly Flexible payment options are available
When it comes to scaling your business, adding new products and services, or unexpected equipment repairs and upgrades TCEC Finance has your back. Whether it’s robust machinery like the Lil’ Bubba Curb Machine or cutting-edge medical equipment, we understand that having the right tools and equipment is crucial for your success. Don’t let equipment costs hold you back any longer. With TCEC’s equipment financing and leasing, you can grow your business!
Why choose TCEC? We are not just here to help you secure any loan, but the one that is best for you and your business. Our goal is to give you your best option the first time, not later on. Our dedicated Loan Consultants are laser-focused on providing swift approvals and securing the most favorable terms for your business. It’s time to gear up for success with TCEC!
6 months
in business
Fair to
Excellent Credit
Equipment quote
from a vendor
Securing equipment financing with TCEC is a breeze. Just complete our fast, user-friendly online application. Soon, a personable Funding Specialist from our team will reach out, eager to grasp the essence of your business. They’ll guide you in selecting the perfect financing route, tailored to your needs, whether it’s equipment financing or a small business loan. After applying, expect a response within a mere 24 hours—swift and efficient!
or call
Equipment financing is a financial solution that allows businesses to acquire the necessary equipment without paying the full purchase price upfront. It involves a lender providing funds to purchase the equipment, and the business repays the amount, plus interest, over a specified period.
Equipment financing works by the business selecting the desired equipment, completing a financing application, and getting approval. Once approved, the lender disburses funds directly to the equipment vendor. The business repays the lender through agreed-upon installments over the financing term.
Equipment financing covers a wide range of business assets, including machinery, vehicles, technology, office equipment, medical devices, construction tools, and more. Essentially, any equipment crucial to business operations can typically be financed.
Equipment financing offers benefits such as preserving cash flow, tax advantages (like potential deductions), flexible repayment terms, avoiding equipment obsolescence, and enabling businesses to stay competitive with up-to-date technology and machinery.
Interest rates for equipment financing vary based on factors like creditworthiness, down payment, loan term, and the lender. Rates typically range from 4% to 30%, and businesses with stronger credit profiles usually secure lower rates.
Yes, there might be upfront costs or a down payment depending on the lender and the financing terms. Some lenders may require a down payment, while others may finance the entire equipment cost. Upfront costs may include processing fees or a percentage of the equipment cost.
Repayment terms vary based on the lender and the equipment’s useful life. Terms usually range from 1 to 10+ years. Monthly, quarterly, or seasonal payments are common, offering flexibility to align with the business’s cash flow.
Yes, equipment financing is available for startups and small businesses. While approval and terms may vary, many lenders cater to startups and businesses with limited credit history by evaluating the business plan, cash flow projections, and the equipment’s value.
Depending on the financing agreement, you may have the flexibility to upgrade or add equipment during the financing period. Discuss upgrade options and their impact on the existing financing with your lender.
At the end of the financing term, you typically have options like purchasing the equipment (e.g., $1 buyout option), renewing the financing arrangement, returning the equipment, or negotiating a new agreement. Discuss these options with your lender to choose the best fit for your business.
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