Acquiring equipment for your business is not an easy task.
Assessing your requirement, checking what is available in the market, and scheduling delivery are essential tasks. But having enough cash to fund this acquisition is the most crucial assignment of them all.
The business owner needs all the help he or she can get to handle these tasks.
The good news is that partnering with one of the best equipment finance companies will greatly relieve the owner of this major concern.
It could well be one of the most important decisions this person will make for his or her business.
And we are here to show you how through this blog post.
Guide to Choosing the Best Equipment Finance Companies
To be considered as one of the best equipment finance companies is a great honor.
There are a lot of attributes, capabilities, and institutional strengths a finance company should possess to be considered as one.
It’s your job as a conscientious business owner to go out and look for these finance companies. You have to do a good job with this search for there is a lot riding on it.
This blog post aims to help you with this search. We will provide you with a guide in selecting the best equipment finance companies and more.
Characteristics of the Best Equipment Finance Companies
Equipment finance companies that have extensive loan exposures in your industry should immediately be considered. They are potentially good partners to help your business grow.
They got big in your industry because they are doing a good job servicing your competitors, suppliers, and customers. It also follows that they have an excellent industry reputation and are probably reliable.
They can provide for your equipment financing requirements and more. They know your industry well enough to give other value-added services.
Information such as what kind of equipment you really need, prime suppliers where you can purchase equipment, and when is the best time to purchase are good examples.
Aside from these, here are the other best equipment finance companies characteristics.
DLL Financial Solutions Partner
DLL Financial Solutions Partner is a fully-owned subsidiary of Rabobank. This company is known for its flexibility in adapting to their clients’ ever-changing needs. They are among the world’s leading vendor finance partners with a presence in thirty countries serving the equipment manufacturers, distributors, and dealers.
They have a presence in the following industries: food & agriculture, healthcare, construction, transportation & industrial, office technology, and clean technology.
Crest Capital
Crest Capital has a good public reputation because of the transparency of its terms and fees. They provide different types of leasing and financing solutions to help their clients acquire equipment at a reasonable rate.
They provide different types of leasing and financing solutions to help their clients acquire equipment at a reasonable rate. Their customer base is comprised mainly of the agricultural, automotive diagnostic, food service, health, industrial, manufacturing, medical, office, packaging, printing, retail, software, and technology sectors.
They offer fast loan approval, 100% financing, and no rate adjustments throughout the life of the agreement.
Crest Capital helped businesses take advantage of the depreciation deductions provision in Section 179. This allows write-offs from equipment and software purchases.
They are also renowned for their own payment and tax calculators which are being also used by their partners in their own sites. These calculators have helped their own clients and those of their partners immensely in making the necessary computations vital to business decisions.
Their own Crest Capital Equipment Finance offers strategic partnerships with equipment dealers in offering leasing and financing solutions to their customers.
Trust Capital
They have the most competitive programs for trucking, construction, healthcare, and industrial manufacturing industries. They also specialize in aesthetic equipment financing, heavy and industrial equipment leasing, and others.
People unsure as to how to proceed with equipment financing can rely on Trust Capital to guide them.
A simple one-page online application will start the process rolling. Most applications don’t require documentation but in case that one is needed, Trust Capital is working hard to get the lowest possible payment in return.
Lastly, they offer start-up, working capital, and small business loans.
Trust Capital partners enjoy a 98% Approval Ratio! Their company also has an Equipment plus cash program with fast approvals within 1 day. and funding day after. No prepayment penalty programs available for qualified companies. A sale-leaseback program to get cash out of existing equipment owned. 12-84 month terms for equipment financing and equipment leasing. They have the fastest SBA Express Loan program in the nation with terms up to 120 months. Approvals in 3-5 business days.
Final Thoughts on the Best Equipment Finance Companies
In this blog post, we have talked about the characteristics of the best equipment finance companies.
Nowadays, the best equipment finance companies are expected to do more aside from providing funds.
They need to have the following:
As a business owner, it’s your responsibility to select and partner with the best equipment finance company around.
And as mentioned earlier, this could well be one of the most important decisions a business owner will make. You might as well make it the best decision you made.
Partner with a reliable finance company like Trust Capital. They’re one of the best equipment finance companies.
If you want to know more about Trust Capital’s various equipment finance programs, you can reach them at (866) 458-4777.