Looking to Finance new or used Backhoe?
Bank Hopping for Equipment Loans: Why It’s Time-Consuming and How Liberty Capital Can Help.
Searching for the right equipment lender especially if you’ve already been turned down by your bank, by hopping from one bank to another just trying to figure out whether they will approval you can be a time-consuming and frustrating process, especially if you have challenging credit. Each application involves time-consuming paperwork and potential rejections. If you get turned down, how many more lenders will you apply to before seeking better options from a loan broker?
Working with an equipment loan broker like Liberty Capital can streamline the process, saving you both time and money. Brokers have access to multiple lenders that can structure any credit profile specific to you, even if your credit is less than perfect. With their expertise and network, brokers can navigate the complexities of loan applications and increase your chances of approval. You may not know all the intricacies of equipment financing thus a loan broker will be able to help you navigate.
So why go through the hassle of bank hopping when Liberty Capital can do the work for you, ensuring you get the best possible deal?
What do I need to apply?
1. ONLINE APPLICATION: You can fill out our application, upload and authorized us to process. We do soft-inquiry, and our lender will do hard inquiries once you are approved.
2. Equipment Invoice or Quote for the truck or equipment you want to buy. Multiple vendors accepted. We’ll lump them into one monthly payment for you.
3. Banks statements (3-4 months) – Proof income, proof of banking, and proof funds availability in case down payment is needed and to match for ACH Payment Drafting – as an auto pay.
Equipment financing is vital for businesses that need expensive equipment to operate efficiently. Companies in construction, manufacturing, healthcare, and other heavy equipment-intensive industries benefit significantly from these financial solutions. Understanding the options and working with top financing companies can help businesses acquire necessary equipment while managing cash flow effectively.
Use the Capital as you see fit!
Office Upgrades
Upgrade Hardware & Office Furniture
Replacement
Replace Obsolete Equipment
Fleet
Revamp Your Fleet
Machinery Upgrades
Upgrade Aging Machinery
Latest Tech
Catch up with the latest technology
New Tools
Become Efficient and Productive with new tools
Flexibility of Used Backhoe Financing
Whatever your Equipment Financing and Leasing needs, we are here to help!
Over 80% of small businesses nationwide utilize some form of funding and big part of it is equipment financing and leasing. Besides the tax benefits, cash flow and leveraging fixed asset is one big reason big companies lease their equipment majority of the time rather than using cash to pay for fixed asset.
Wide Range of Terms
Monthly Payment & Fixed Payback
Express Funding
Express Financing for Approvals Up to $75,000
Credit Score
Minimum 600 FICO Score Requirement
Large Funding
Equipment Leasing or Financing up to $500,000 per Location
Working Capital Funding
Easy Apply to Qualify Process (24-48 Hours)
Start Ups
Start ups for Equipment financing accepted.
Tax Deductibility of Equipment Financing
Liberty Capital understands that Cash Flow is king, which is why we offer Special Financing Programs, designed to accommodate clients with financing options requiring minimal working capital outlay, low documentation coupled with fast approval and funding. Approval requirements vary based on many factors such as time in business (TIB), credit, equipment type, industry type, and other underwriting considerations.
**Equipment Financing Special Program: **
Deferred Payments
Deferred Payments allows you to make no payments up to 90-days for qualified borrowers.
Seasonal Payments
Make small payment up to 90-days each year based on your seasonality. Make once a year for farmers.
Early Payoff Discount
Early Payoff Addendum Discount. Calculated based on the number of payments made at time of payoff.
Large Funding
Equipment Leasing or Financing up to $500,000 per Location
Fast Funding
Easy Apply to Qualify Process (24-48 Hours)
Start Ups
Start ups for Equipment financing accepted.
Flexibility of Backhoe Equipment Financing with Liberty Capital.
Equipment Financing Made Easy
No Application Fee
No Sales Minimum
No Additional Collateral Required
No Down Payment Required
No Payment for 90 Days
Special Financing Options
Finance New or Used Equipment, Machinery or Vehicles
Industry Restriction-free
What’s Your Expansion Needs?
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in backhoe equipment financing, predominantly involve personal interaction with an underwriter to ensure as fraud prevention. Automation may not suffice, particularly when dealing with a third party like the vendor and the complexities of equipment purchase. In such scenarios, business owners are often better served by collaborating with a Business Loans Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
Instant Quote Online
Use our instant online quote calculator to get an accurate no obligation quote.
Apply Online
Complete our quick online application. Application takes 5 mins.
Review Your Options
We will contact you to review your options.
Get Funds
Money will be deposited in your account in as little as 24 hours.