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Financing Equipment For Small Business

[/vc_column_text][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column width=”2/3″ css=”.vc_custom_1444995131822{margin-bottom: 35px !important;}”][vc_column_text]Most businesses will need equipment at some point to either start, maintain and/or grow their business.  Palm Island Financial LLC can assist you to obtain the funding you need.

Equipment Financing vs Leasing

Financing

  • You will make principal and interest payments
  • At the end of your loan you own your equipment with title
  • There may be a tax write (consult a tax consultant/accountant)
  • Not being able to upgrade on equipment that becomes outdated
  • A loan can include monies towards sales, inventory business expansion
  • May need collateral on a nonrecourse loan

Leasing

  • You will make a regular rent payment just as you would a car
  • At the end of your lease you may have the option at the end or during to purchase the equipment but the lessor holds title to it as long as you are leasing
  • There may be a tax write (consult a tax consultant/accountant)
  • Your lease may include provisions for upgrades to newer equipment during the lease
  • Leases usually provide funds for equipment, software and services only
  • Leased equipment usually serves as collateral

 

Ultimately you the business owner will have to make the decision of which is best for you.  We are here to help you weigh the pros and cons of purchase or leasing, to help you determine which is best for you.

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Investing in your future…

Investing in your future is so important.  Obtaining equipment financing to add or update equipment that is so needed to run your business efficiently, is a decision every business owner has to make to survive, thrive and compete with your competition.[/vc_column_text][/vc_column][/vc_row][vc_row type=”container” padding_top=”” padding_bottom=””][vc_column][vc_tta_tabs style=”flat” active_section=”1″][vc_tta_section title=”Specialty Programs” tab_id=”1444300654474-2bfb86dc-fd3a”][vc_column_text]Our equipment financing is available to a wide range of medical professions and other industries:

  • Acupuncturist
  • Dermatologists
  • Dietitians
  • Psychologists (download a fact sheet for complete list)
  • Long Haul Truck Operators
  • Restaurants
  • Corporate Only

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  • Complete our Commercial Loan Quick App and one of our commercial loan advisers will contact you today.
  • After speaking with one of our commercial loan advisers about your Quick App, you will receive a full loan package.Complete & submit the packet along with all pertinent documentation.  Upon receipt and qualifying review, a loan proposal with rate and term conditions and fees will be issued to you by us and/or the lender.
  • You will then select the best option for you and your business, confirm and we will move forward towards closing.

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