Equipment Sale Leaseback – Secured Business Loan Option

What is an Equipment Sale Leaseback?

Its when you use your businesses existing equipment or real estate, that is already paid for, as collateral for a loan. 

What are the requirements for an equipment sale-leaseback ( a.k.a secured business loan)

The main requirements for this type of business loan are:

  • You must own the equipment.  100% paid for.  Or it must be almost paid for, and part of the loan proceeds will pay off the balance.
  •  Equipment should be in good working condition – we always send out an inspection team to make sure the equipment is in good condition
  • Equipment should have value.  What I mean is that things like computers can’t be used because they lose their value too quickly.  We prefer titled equipment, but we have done none titled equipment as long as the business owner could provide a bill of sale (proof of when and how much they paid for the equipment)
  • equipment saleleaseback loans
    Secured business loans. Bad credit Ok. $25,000 and up!

Businesses choose this type of secured business financing because it provides:

  • Fast approval and funding. Applications can be approved within 24 hours once everything is in order.
  • The loan amount can be used to purchase more equipment.  Or you can use it for working capital.
  • Not dependent on business owners credit.  Since the loan is 100% secured.  We have been able to approve business owners with a credit score below 550!  WITHOUT a co-signer!
  • Startups can be approved.  Time in business doesn’t matter.
  • Funding can take place in 3 to 5 days.  It depends mainly on how quickly we can arrange an inspection company to go to your location.
online equipment lease application
Use our secured online application form to apply for your equipment lease!
Ready to apply? Visit our Equipment Sale Leaseback page to know more about how this financing option works.
**Article updated 8/4/18 by L. Roberts

 

 

 

Liz Roberts has been in the business financing industry for 20+ years. She got her start in banking, went on to consumer and commercial collections and then onward to becoming a senior credit analyst for several small leasing companies. She has also been a freelance writer for 15 years and has written about business and consumer financing on several blogs.  She also maintains a low carb living blog.

4 thoughts on “Equipment Sale Leaseback – Secured Business Loan Option

  1. This sounds like exactly the thing our shop needs! We have enough business right now, but I think we might be losing some business due to the fact that we can’t offer as many services as the next guy. More equipment would be a plus.

  2. You’re absolutely right. Getting more equipment would help your business be more competitive. Don’t hesitate to get in touch with us (call 888-308-7160) so we can discuss how we can help you get the equipment you need!

  3. Well, but what if I don’t own the equipment, that is it is not completely paid for? Will I still get the loan? and would part of the loan proceeds be used to pay off the balance?

  4. Hi Seadals,

    Thanks for visiting! If you don’t own it, we will use part of the proceeds to pay it off and then give you the balance. Many clients come to us near the end of the lease or loan, so it’s not a problem if you still owe a few payments. I’ve emailed you an application and equipment worksheet. Please fill those out and email them or fax it back to us. The email address and fax number are on the forms. If you have any questions feel free to call us at 888-308-7160

Leave a Reply

Your email address will not be published. Required fields are marked *