Few businesses are able to self-fund equipment purchases when the opportunity presents itself. Most small businesses will need help along the way with equipment financing.
We help business owners in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads secure those equipment loans in a fast and fair manner.
“Equipment” for a business is any tangible asset, other than property or buildings, used in the operation of a business. The equipment to be financed can range from office furniture to a commercial oven to a large milling machine or a back hoe.
Why an equipment loan over a lease?
There are many equipment financing options, but two of the most common are an equipment loan or an equipment lease. Each business in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, Eastern Shore, and Hampton Roads has its own unique characteristics.
Depending on the nature of the equipment, its useful life, and whether or not the intention is to keep it as a long-term asset are all factors to consider when looking for equipment financing. You accountant may be able to steer you in the right direction.
Business owners we have helped found that an equipment lease costs more than an equipment loan. Additionally, the entire amount of a lease payment may not be tax deductible if your lease terms include any provision allowing you to own the equipment at the end of the lease. Again, your accountant should be able to help you with these details.
If you have been searching for an equipment loan at a traditional banking institution you understand that collateral requirements, endorsements, perfect credit and lengthy applications are mandatory qualifications. That is not how we see your small business. All Merchant Funding believes everyone should have easy access to capital without the headaches of a bank.
If 24-hour equipment financing approvals with a streamlined funding process is what you need to grow your business, All Merchant Funding is for you. All we need is completed application (APPLY ONLINE HERE) and the three most recent business bank statements to get an offer!
If you are looking for equipment financing through an equipment loan as well as a honest partner to help grow your business, please contact us at (800) 628-1001 or funding@allmerchantfunding.com. Thank you!
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About All Merchant Funding
Our company is located in Chesapeake and serves businesses in Virginia Beach, Norfolk, Chesapeake, Newport News, Hampton, Portsmouth, Suffolk, Yorktown, Williamsburg, Smithfield, Isle of Wight, Poquoson, and the Eastern Shore. Clients count on us for many types of financing like equipment financing, equipment loans, small business loans, invoice factoring, a business line of credit, merchant cash advances, cash flow loans, and term loans. If 24-hour approvals with a streamlined funding process is what you need to grow your business, All Merchant Funding is for you.