*We provide Equipment Lease Financing and Equipment Loans for all credit tiers (A-E). We service the business and their story, not the credit score. In doing so, this allows for maximum approvals across the board and acquiring the necessary equipment to help grow your business. Specializing in Trucking Equipment Financing, Construction Equipment Financing, Medical Equipment Financing, Dental Equipment Financing, Technology Equipment Financing, Printing Equipment Financing, Server Financing and Software Financing.
Most businesses need equipment. For some, it’s as simple as a smartphone and tablet computer, for others it’s a 3D Image Scanner and a specialty printer, or a Box Truck and Forklift or even a Commercial Truck and Trailer. Some equipment can be used for many years, while other items might be obsolete in 24 months. Some must be acquired new, while others can be purchased used from an auction. Some can be purchased outright, while others can be leased. But no matter what you need or the capital you have on hand for it, there are ways to get equipment–and finance it.
We work with nearly every business specialty and equipment type. If you need to add equipment to your business, but you don’t want to tie up your capital, then this is the loan product for you. Equipment Financing is available with little or no down payment, in both lease and loan options. The approval process is fast, the payment schedule is affordable and there are potential tax advantages.
Specialized Niche Industries:
Commercial and Industrial Equipment Financing
Directional Drilling Equipment Financing
Trucking and Transport Equipment Financing
Heavy Equipment Financing
Commercial Vehicle Financing
Franchise and QSR Financing
Gas, Convenience Store and Car Wash Equipment Financing
Healthcare Equipment Financing
Medical Equipment Financing
Dental Equipment Financing
Veterinary Equipment Financing
Hospitality Equipment Financing
Merchant Equipment Financing
Technology and Software Financing
2017 Tax Incentive: Section 179
Tax provisions accelerate depreciation on qualifying business equipment, office furniture, technology, software and other business items. When you finance such purchases with Next-Financing, you may deduct a significant portion, up to $510,000 in 2017 (to be adjusted for inflation). There is a dollar-for-dollar phase out for purchases over $2 million. Additionally, any qualifying purchases in 2017 may also take 50% bonus depreciation in the first year plus their regular MACRS depreciation on the remaining 50% portion of the cost basis. Consequently, not only will Section 179 help bolster your bottom line, you garner the benefits of new equipment and technology that will help grow your business.
Impact of Section 179 – An example of what it does to the adjusted purchase price of your equipment.
Purchase Price of the equipment your business needs: $50,000
Tax Deduction created by Section 179 of the Tax Code (35% tax bracket): $17,500
Adjusted Equipment Price After Section 179 Tax Deduction: $32,500
To capture these tax savings, qualifying property must be placed in service before December 31, 2017. Simply choose your business equipment and Next-Financing will design payments to help you make a profitable decision.
Equipment Lease Financing Programs:
“A” Credit Program:
5+ years – Time in Business is preferred
Application Only – Available on Equipment Purchases $5,000 to $250,000
Approval Amounts From $5,000 – $2 Million
“B” Credit Program:
2 – 5 Years – Time in Business
Credit Challenged – Credit Scores Under 650
Application Only – Available on Equipment Purchases $5,000 to $100,000
Approval Amounts From $5,000 – $250,000
“C” Credit – Program:
Under 2 Years – Time in Business or Start Up Businesses
Credit Challenged – Credit Scores Under 650
Application Only – Available on Equipment Purchases $5,000 to $35,000
Approval Amounts From $5,000 to $50,000
No time in business required
Application Only Available on equipment $5,000 to $35,000
Approval Amounts From $5,000 – $50,000
Equipment Financing – Product Info:
$1,000 – $2,000,000 Equipment Financing.
24-84 month payback terms (Typically 36-60 months).
Approvals in 24 hours or less with proper documentation.
Affordable monthly payments.Deferred payment options.Low barrier of entry cost – Typically $0.
No personal collateral.
Funding to equipment vendor within 48 hours.Includes software/hardware packages.Both New and Used Equipment.For equipment financing deals under $150,000, we can facilitate an application only express process.
Programs for business start ups, those with challenged credit and for the veterans with 2+ years in business.$10,000+ monthly revenue.
500+ personal credit score.
3-6 months most recent bank statements.
Equipment pricing invoice of equipment being purchased – quoted price from the approved vendor or seller.
*Financials are required for larger deals that exceed approved program tier amount.