How Equipment Financing Works

When you are financing/leasing a piece of equipment, you are essentially renting it the same way you might rent an apartment. It typically requires no money down and no collateral other than the equipment we are financing. In most cases, the debt is not on your personal credit and is only considered businesses debt.

Once you have reached the end of the term you will own the equipment (Capital Lease).
Or purchase the equipment on a FMV (Operating Lease).

Equipment Loans are relatively easy to qualify for, and the amount of money you will be eligible to borrow is based on the type of equipment and overall business health.  Leases are a fixed rate so the company does not have to worry about the monthly payment changing.

What is the rate?
In equipment financing we use a rate factor, not an interest rate. With that said, the decision to approve your request and the rate you will receive depends on the credit of the borrower and the history of the business. The better the credit, the better the rate factor.

What is a Line of Credit?

A business line of credit provides flexibility that a regular business loan doesn’t. With a business line of credit, you can borrow up to a certain limit — say, $100,000 — and pay interest only on the portion of money that you borrow.

Barbara Griffith, President SCL Equipment Finance

Thank you for your loyalty and being a part of our company.
 
Sincerely,
Barbara Griffith
714-573-9804 ext 101
 

The Value of Integrated Financing

Business Financing-Facts & Figures

The Following points provide a good overview of your sales and /or acquisition process of a business

  • 81% of businesses prefer to have a payment over the sales price
  • 84% of businesses are without a financing plan when they start to search for equipment
  • 94% of a business owner would return to their dealer that provides financing options
  • 73% would rather not finance equipment from their bank

Would you like a free copy of your D&B Business Report?
Just send me a email:  Email Barbara
 
Always your One Point of Contact
Barbara Griffith
Office – 714-573-9804 EXT 101

What Our Clients Say About Us

My Business needed equipment to replace older technology and to automate some of our current procedures. SCL helped me with the loan process, obtaining a quick and easy financing solution that met with my company’s budget.  Their team is very helpful and honest. We have a new funding partner as we continue to grow.

The Business Owner’s Guide to Equipment Financing

What is Equipment Financing?

Equipment financing is designed specifically for the purchase of equipment. Business owners have multiple financing options when deciding which finance program fits best for your company.

Financing Programs

Material Handling Financing

SCL has over 25 year’s experience in providing financing for companies nationwide. We provide indirect financing to dealers for their customers as well as direct financing to end users. 
Read more

Food Manufacturing Financing

The way our food is prepared, processed and packaged has become a highly automated process. In recent years, robotic and automation equipment has steadily found its way into most food processing and packaging facilities, and this trend is expected to continue over the next few years.
Read more

The 10 Most Asked Finance Questions

  • Operating lease – FMV at the end of the lease term
  • Capital lease – $1.00 at the end of the lease term
  • How much is my payment vs renting the equipment?
  • Should I go to my bank and use my credit line?
    Read more

Does Your Vendor Offer Financing?

A good way to find a reputable finance company is to ask your vendor you are purchasing the equipment from. Work only with a reliable source that has industry experience.

SCL Vendor Finance Programs – Creating an Easy Purchase Process

One Point of Contact:
Barbara Griffith
714-573-9804 ext 101

Get ready for your best year!

SCL is Open- We have been helping our customers during the Government Shutdown to get the loans they need

Many businesses are feeling the harsh effect of the government shutdown. Most importantly, obtaining a SBA loan that is currently inactive. Economists estimate $2 billion in funding that is already been delayed.

Since 1992 SCL has always been a lender that supports our clients and their need to grow and acquire capital.

We are here to assist our clients that are in a holding pattern during this shutdown.

Application Only up to
$500,000
No Financials Needed

Working Capital Loan for short term lending

About SCL

One point of Contact

Barbara Griffith
714-573-9804 Ext 101
bgriffith@sclfinance.com