What Can Equipment Financing Do for Your Business?
Equipment financing is a great investment for many companies because it allows them to get the machinery they need to be successful. Whether your business relieves on heavy equipment, diagnostic tools or computers to operate efficiently, equipment can be expensive and you may not be able to afford the upfront cost. The equipment leasing and financing provided by PeakStream Capital give you two options to obtain the machinery you need.
Differences Between Financing and Leasing Equipment
When you choose to finance equipment, you retain ownership of it so you are responsible for routine maintenance and repairs. PeakStream Capital offers loan amounts of up to $500,000, and you only have to show a financial statement for applications over $150,000. With various repayment options available, you can customize your loan so it meets your needs. In contrast, leasing equipment relieves you of repair and maintenance responsibilities but you do not own the equipment. However, you are free to upgrade machinery at any time and will preserve existing lines of credit. It does not tie up all of the money you have on hand so you can focus on growing your business in other ways. Finally, this option gives you significant tax advantages.
Programs We Offer
We know that no two companies are exactly alike so we offer several programs to help businesses from different categories obtain equipment. Choose from the following four programs.
- Sale and lease-back programs: We buy equipment and lease it to you until you can buy it.
- Government and municipal programs: Public entities are guaranteed to qualify for equipment loans.
- Startup programs: We offer equipment loans to new companies.
- B, C and D programs: We give equipment loans to businesses with imperfect credit.
Contact Us Today
Regardless of which type of equipment your business needs, a loan from PeakStream Capital can help you obtain it. Contact us today to see if equipment leasing or financing meets your company’s needs.