Heavy Industrial Equipment Financing

When you have heavy equipment leasing and financing needs you must know where to turn. As you know, your business is not going to operate efficiently if you don’t have the right equipment. Although you may be worried about buying or leasing the proper heavy equipment, with the right strategy you can get what you need in order to take your business to the next level.

Many businesses prefer to lease.

Due to the high cost of equipment, you will find that many businesses opt to lease rather than purchase outright. The lease process is generally straightforward and simple to understand. On top of this, there are flexible payment options that allow you to get what you need without making too many changes to your current financial structure.

No matter what type of heavy equipment you are interested in, make sure you calculate your monthly payment before signing on the dotted line. You want to make sure that you are actually saving money when compared to the cost of buying.

Note: when you lease heavy equipment, instead of buying, you can trade it back in at the end of the contract. At this point, your obligation is fulfilled and you can once again decide how to best move forward.

Are there any benefits to buying heavy equipment?

The main benefit is the fact that you can actually own the equipment once your payments are complete. This means that you may be able to get everything you need for your business, pay it off, and never again have to make a payment.

If you have any interest in taking out a loan for the purchase of heavy equipment it is important to know the exact terms and conditions. How long do you have to pay back the loan? What is the interest rate? What is your monthly payment?

Businesses that are required to use heavy equipment oftentimes worry about the finances involved with getting everything they need. Fortunately, you can consider both leasing and buying.

Leasing Benefits

  • Lower monthly payment
  • Easier to get all the equipment you need
  • New equipment more often

Buying Benefits

  • You can eventually own the equipment
  • Don’t have to worry about trading the equipment in at the end of the lease term

Are you more interested in heavy equipment leasing or a heavy equipment loan? Contact us now!

Kayleen M
Kayleen M
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American Business Credit exceeded my expectations! They were so helpful from the very beginning of the process to the end. Everyone I came into contact with were very professional and had valuable incite to help me with any hesitations and questions that I had. I am very impressed with the service they provided. Craig Johnson was my main advisor through this process and I would high recommend him based on his expertise, guidance, and service he provided to me as a client. Any financial needs I have in the future I will be a returning customer of American Business Credit. Thank you Craig for all your hard work.
Derek J
Derek J
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American Business Credit was extremely knowledgeable, professional, and helpful from start to finish. My loan processor Craig was extremely helpful, answering all of my questions as they arose. They delivered the exact results promised during our first call in a timely manner. Highly recommend.
Eduard A
Eduard A
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I am so glad I found ABC, every company or lender I talked to told me we needed to have revenue on our business to get a loan, well we are a start up, and need the loan to get started generating revenue. ABC was able to get us funded at great rates in a short amount of time. I definitely plan on using them again as our business grows!
Erik R
Erik R
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Amazing! Kina Jackson was sooooo helpful and made the process a breeze! We weren't sure what we could get as a start-up and needed a ton of equipment to get our business going. Kina dug deep and found us what we needed to fund our equipment needs and we can't thank her enough! Thanks again Kina and American Business Credit! Stop by the store next time you're in Vegas! - Erik Rogers, Veg-In-Out Market
Cassandra M
Cassandra M
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Kina was amazing to work with. As a new business owner and limited credit history, she really went to bat to ensure my business plan was heard by the lenders, so they felt confident in investing with me. Highly recommend!!
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