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Leave The Heavy Machinery To Us With Garrtech Funding’s Equipment Financing

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Equipment Financing Is A Loan To Help You Afford New Business Equipment Right Away By Using That Equipment As Collateral. Equipment Financing Us The Name Suggests Can Be Used For 100% Funding Of Equipment Ranging Ranging From Computers To Machinery As Well As Vehicles. The Equipment That Is Necessary For Running The Business Can Be Financed Thought This Loan

Documents To Exspect

  • Valid driver licence & credit score

  • Business plan & bank statement

  • Credit score

  • Business Tax Return

  • Void Business Check

  • Equipment quotation

Minimum to apply

  • Minimum 11 months in business

  • Annual revenue + $100,000

  • Credit score 600

  • NO Profitability

  • Credit card & receivables not factor

  • Profitably is not a factor

Some stats

  • 100

    Up to the 100% of equipment value

  • 100

    Loan Term life of equiment

  • 8

    APR start from 8%

  • 2

    Speed as little 2 days

EQUIPMENT FINANCING

Why is it best for you?

If your new business involves heavy machinery, the setup cost automatically goes up. It is an issue when the business is new and you do not have sufficient funds. The small business equipment financing by Garrtech Funding helps you in this time of need by funding the machinery used. With equipment financing, it helps you to pay for machinery in installments in place of giving out a lump sum amount at once. If you do not have the complete amount in present time them you wait for collecting it. This means loss of profits. While equipment financing is useful in many ways, you should remember that you will end up paying more for a particular piece of machinery with the business equipment financing than paying up front. So consider both aspects and then go for it. The Garrtech Funding’s small business equipment financing is suitable for setting up a small factory requiring less number of heavy machines. Now, you do not have to wait for collecting huge amounts of money for starting up a small business. With business equipment financing you can start acting upon your dream immediately. It covers a wide range of machinery needed for any business starting from a computer to an industry size machine. You can choose from a variety of equipment financing options depending upon the need of your company. It is a better and intelligent way of starting up your business because there is no immediate need of huge amounts of money that put you in a stressful situation.

There is another option to it as well with equipment leasing. In such cases, you lease the machinery for a certain period of time rather than buying it. If you are looking for a makeshift solution, then leasing is a good option. But if you are going to use the equipment for a while then go for financing.

Fee Structure

The fee structure including payment installments and the interest rate are dependent on the equipment amount and its longevity.

In the case of assistance, please get in touch with us.

Hi Merchant , My name's Alicia I'm the specialist in equipment financing at Garrtech Funding . We also provide Credit Cards Processing and Pos system's with the latest technologies . Don't hesitate in asking about this program. Hi Merchant , My name's Alicia I'm the specialist in equipment financing at Garrtech Funding . We also provide Credit Cards Processing and Pos system's with the latest technologies . Don't hesitate in asking about this program.

Alicia Stone
Alicia Stone ,
Product Manager I/F

Equipment Financing

Equipment financing, as the name suggests can be used for 100% funding of equipment ranging from computers to machinery as well as vehicles. The equipment that is necessary for running the business can be financed through this loan.

Characteristics

  • Fast access to funds &  Paperwork is limited
  • No separate collateral required as the equipment itself serves the purpose.

Turn Downs

  • The equipment may turn obsolete by the time the loan repayment is done.
  • The need might arise to depreciate the equipment so; chances are that you will not be able to deduct complete cost each year.

Basics :  Equipment financing is the best way to generate revenue in certain cases. As we all know that sometimes in order to increase production, machinery is required which in turn generates profits. Business equipment financing is the best way to do so.The best thing about this type of financing is that the equipment itself serves as the collateral and you do not need to worry about finding one separately.

  • The loan amount is the 100% valuation of the equipment.
  • Loan Term is the life expectancy of the equipment.
  • Interest rates vary from 8% to 30%. 
  • Approval time can be as small as 2 days.

To know more you can get in touch with us and we can share the details with you.  Requirements: The requirement for equipment financing is minimal hence most businesses can qualify for the same. The amount of loan and the interest rate, however, depends on the valuation of the machinery and business financial track record.  Even if your credit rating is a little lower, you can get equipment financing. So small business equipment financing is possible. Certain basic requirements include

  • Annual revenue of $ 100,000
  • Credit score of 600
  • Business span of 11 months

[psc-share]

Hi Merchant , My name's Alicia I'm the specialist in equipment financing at Garrtech Funding . We also provide Credit Cards Processing and Pos system's with the latest technologies . Don't hesitate in asking about this program.

Alicia Stone
Alicia Stone ,
Product Manager I/F

Hi Merchant , My name's Nay Funding Advisor & Telemarketing supervisor Specialist in Medium Term Loans at Garrtech Funding .We Also provide Business Cash Advance & Merchant Cash Advance . Don't hesitate in asking about this program. Get in touch with me Toll-Free 1-800-880-0349 ext 502

Nay Vora
Nay Vora ,
Product Manager I/F

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