EQUIPMENT FUNDING LTD YOUR EQUIPMENT FINANCING SPECIALIST
1. Once you identified you equipment needs, you must select your supplier. As with any major
purchase, you want to make sure you are buying from someone with integrity and knowledge. All finance agreement pass the
equipment warranties to the user. If the equipment does not function as stated, the recourse is to the supplier, not your
funding source. So choose wisely.
2. Decide on how long you may need this particular equipment. Computers are generally
upgraded or replaced every 2-3 years. Match the useful life of the equipment with the proper term of you financing.
After selecting the equipment it is time decide how to pay/finance
the new asset. You may want to get pre-qualified, like for a new house, so you know the amount you are qualified for, including
what is covered (ie shipping, delivery, soft costs) and any upfront cost that may be required by you in forms of advance rentals
and security deposits. You can also neagotiate the term that will best suit your budgets.
Term, advance rents and
payment are determined by:a) the total asset cost financed b) the credit history/risk of the borrower c) the useful life
of the asset d) time in business of the borrower.
Information requested from you will be determined by how long
you have owned your business, dollar amount requested and credit of you company and you as an individual. Generally for equipment
costing less than $50,000.00 a simple credit application is all that is required. The information request for the application
is on the following page. For larger transactions and for a new business additional information may be requested, which may
include financial statements, tax returns and resume of principals. Please note that the application must be signed by the
responsible owners of the company.
Please call with any questions or concerns. We will be happy to email or fax an
application. EQUIPMENT FUNDING LTD. is here to provide the financing you need when you need it! We are here to serve YOU!
contact us by email with the link below or fax us your request at 480 949 7012.