Equipment financing is a great way to upgrade your equipment while protecting your working capital. This product is very useful for businesses who consistently need to upgrade or purchase new equipment.

WHAT IS IT?

Omni Capital offers a loan and lease option for equipment financing. If you choose to lease the equipment, we purchase the equipment for you and you are then placed on a weekly or monthly payment plan. In some cases, you have the option of purchasing the piece of equipment at the end of the lease. If you choose the loan option, we then reach out to our equipment financing investors to provide options based on your business profile and the piece of equipment you wish to purchase. Either option may require a down payment. Essentially, this product is available to business owners who specifically need to purchase or lease new or used equipment.

Whether you need financing for an oven for your restaurant or for a new or gently used truck for your transportation company, equipment financing from Omni Capital is a great option for your business. 

APPLYING FOR EQUIPMENT FINANCING

Documentation and stipulations required for applying for equipment financing varies depending on the lender. Terms depend on the expected life of the equipment, whereas the rates depend on the customer and can be as low as 7%. Equipment financing may require collateral, but in most cases the piece of equipment acts as the collateral. Receiving the funds takes as little as 1-2 business days. Omni Capital also offers no collateral loans that are based on the health of your business.

Equipment financing can be extremely beneficial to business owners who want to free up their capital for other business expenses. You can use the funds for old, new, or even refurbished equipment. Equipment financing can also offer a useful cycle of funding for businesses who frequently need to upgrade equipment.