Manufacturing Equipment Financing with Liberty Capital Group, Inc.
When it comes to MANUFACTURING equipment financing, Liberty Capital Group, Inc. provides several advantages over traditional lenders. MANUFACTURING machines are expensive, and paying cash upfront can strain your cash flow. As a result, most businesses opt to finance or lease MANUFACTURING equipment due to its affordability, while also benefiting from the flexibility and financial advantages that come with financing options.
- Corp-Only Availability:
For this it caters exclusively to corporations with strong history and multi-owners. Companies with sole owner or start-ups, Corp-only might apply for financing but will be limited on the amount with very little option in the business lending marketplace. Most hospitals and bigger companies can qualify for corp-only transaction.
- Up to 120% Equipment Cost Coverage:
Our financing options can cover not only the equipment cost but also associated soft costs like delivery, taxes, install etc..
- Flexible Funding Amounts:
Access financing ranging from $5,000 with a simple one-page application to $250,000 without full financial package.
- Quick Approval Process:
It’s not about the time more about the right approval. We all can get quick approvals but if you have someone screening for a better approval is what matters.
- Approved MANUFACTURING Equipment Vendors:
We work vendors nationwide, equipment dealers, new or used vendor reseller. While we might be able to do Private Seller, but scrutiny will be higher compare to purchasing through a vendor.
- A, B and C Credit will determine the Rates:
Enjoy competitive rates for qualified borrowers, reducing the overall cost of financing. Our goal is to provide an approval. Your job is to accept or not accept the offer. No harm done.
- Eligibility for New and Used MANUFACTURING Equipment Financing:
Whether you’re purchasing new or pre-owned equipment, we’ve got you covered. Sometimes we can do private seller purchase financing as well. Seller must prove ownership.
- Minimal Impact on Personal Credit:
Our financing solutions do not appear on personal credit reports, preserving your personal credit history. Separates the personal and business credit. While reports as UCC filing with your state. Most MANUFACTURING Equipment Financing are removed from appearing on personal credit.
- No Pre-Payment Penalties:
Enjoy the flexibility of paying off your loan early without incurring penalties what most sites would say. Well not for equipment leasing, EFA or Equipment Financing. See, these types of funding technically aren’t retail so the agreement is non-cancellable. You’re liable for the full term of the lease term of the agreement whether it’s a Dollar Buyout , EFA or FMV. No one penalizes you for paying but you must pay the remaining term.
Compare Different Types of Financing
Your Monthly Payment Financing Options
Features | Business Term Loans | Equipment Leasing | Equipment Financing |
Ownership Requirements | 50% | 100% | 100% |
Initial Costs | $0 (orig fees) | Low to moderate | Varies |
Monthly Payments | Monthly, Daily, Weekly | Monthly | Monthly |
Credit Minimum: | 550 | 600 | 650 |
Fund Disbursements | Client | Vendor | Vendor |
New/Used Equipment | n/a | Yes | Yes |
Maximum Term | 24 months | 60 months | 60 months |
Time in Business | 3+ years | Startup OK | Startup Ok |
Interest Rates | Moderate | Low | Low |
Application Only | $150K | $250K | S250K |
Funding Time | Same Day Funding | 1-3 days | 1- 5 days |
Compare Business Loans, Equipment Financing and Merchant Cash Advance – reasons to use equipment financing.
Business Loans | Equipment Finance | Merchant Cash Advance | |
Application Only | Up to $150K | up to $250k | up to $250K |
Underwriting Difficulty | Median | Median | Basic |
Pre-Credit Docs | Application, Tax Returns, Statements | Application, invoice, bank statements | Application, bank statements |
Credit Minimum | 650 | 600 | 500 |
Time in Business | 2 years | Start-up Ok! | 6 months |
Min Monthly Revenue | $50,000 | Pre-revenue OK! | $5,000 |
Needed To Fund | VC, DL, proof of ownership | Vendor invoice, VC, proof of ownership | VC, DL, proof of ownership |
Maximum Term | 3-7 Years | 5 Years | 24 Months |
Benefits of Financing Your Manufacturing Equipment
- Preservation of Capital
Financing allows businesses to acquire necessary equipment without depleting cash reserves, preserving capital for other operational needs.
- Improved Cash Flow
With financing, businesses can manage cash flow more effectively by spreading the cost of equipment over time through manageable monthly payments.
- Access to Upgraded Equipment
Financing provides the flexibility to upgrade to newer, more efficient equipment as technology advances, ensuring businesses remain competitive.
- Tax Advantages
Financing may offer tax benefits, such as deductions for interest payments and depreciation of equipment. It is essential to consult with a tax advisor for specific advantages.
- Flexibility and Scalability
Financing options provide businesses the flexibility to scale operations and adapt to changing market demands without the financial strain of outright purchases.
So, if you want expand your manufacturing business operation, we can handle working capital, term loans, lines of credit and especially CNC machinery, including forklift, crane, CNC, VMC, Laithes and many heavy ticket items all can be financed. Get a quote to see your payments before you apply. Call now 888-511-6223.
Are you a Manufacturing Equipment Vendor?
Need help getting your clients get approved and funded?? We’ve got you covered. Let us know your how we can help. We do start up and established manufacturing companies even with not so good credit. We can do $0 down up 5 years with monthly payments. We help Vendors and Dealers increase sales with our vendor financing programs. Check out our vendor finance credit guidelines.
Get Started Today!
Ready to invest in manufacturing equipment for your business? Apply online today or call our Funding Specialists at 888-588-4128 for personalized assistance. Let Liberty Capital Group, Inc. be your reliable funding partner for all your manufacturing equipment financing needs. Apply Now!
Manufacturing Equipment Financing Application Only up to $250,000
One of the utmost necessities for many Companies are the essential equipment – manufacturing equipment. It’s imperative to ensure that operational equipment, which serves as an asset for the company, is well-maintained and kept current. Equipment loans or leasing are viable routes for expanding a manufacturing company. Leasing, in particular, offers numerous advantages, though they won’t be explored here today. One notable benefit of equipment leasing is the accompanying tax advantages, cashflow saving, inflation buster and safety from obsolescense.
Covers many types of equipment Liberty Capital can finance.
Top 7 Manufacturing Equipment Types In America
Here’s a comprehensive guide to Industrial & Manufacturing Equipment Financing. This guide covers various aspects, including types of equipment, financing options, top manufacturers, benefits of financing, tax advantages, and tips for securing the best financing terms.
Overview of Industrial & Manufacturing Equipment Types of Equipment In America
Industrial and manufacturing equipment encompasses a wide range of machinery and tools used in production, processing, and manufacturing industries. Here are some common types:
- Machining Equipment
– CNC Machines
– Lathes
– Milling Machines
– Drilling Machines - Material Handling Equipment
– Forklifts
– Conveyors
– Cranes
– Pallet Jacks - Fabrication Equipment
– Welders
– Press Brakes
– Laser Cutters
– Plasma Cutters - Processing Equipment
– Mixers
– Extruders
– Crushers
– Grinders - Printing Equipment
– Offset Printers
– Digital Printers
– Screen Printing Machines - Packaging Equipment
– Filling Machines
– Labeling Machines
– Wrapping Machines - Automation Equipment
– Robotics
– PLCs (Programmable Logic Controllers)
– Sensors and Actuators
Easier to get than a traditional business loan
Less paperwork
Fast processing time
Less stringent requirements for qualifying
No collateral needed, the equipment is the collateral
May require less credit score for you and your business as well
Tax Advantages For Manufacturing Equipment Financing
Section 179 Deduction
The Section 179 Deduction of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and software purchased or financed during the tax year.
– Limit: The deduction limit is subject to annual caps. For example, in 2024, the limit is $1,160,000.
– Bonus Depreciation: Businesses can also take advantage of bonus depreciation for equipment exceeding the Section 179 limit.
Depreciation
Businesses can depreciate equipment over its useful life, spreading the cost across several years, which can reduce taxable income.
– MACRS: The Modified Accelerated Cost Recovery System is the most common method for depreciating equipment.
Interest Deductions
Interest paid on equipment financing may be tax-deductible, providing additional savings for businesses.
Advantages of Choosing Liberty Capital Group, Inc.
– Corp-Only Availability: We cater exclusively to corporations, providing tailored financing solutions for businesses.
– Up to 120% Equipment Cost Coverage: Our financing options can cover not only the equipment cost but also associated soft costs.
– Flexible Funding Amounts: Access financing ranging from $250,000 with a simple one-page application to $5,000,000 with financial statements.
– Quick Approval Process: Benefit from next-day funding approval, ensuring minimal downtime for your operations.
– Approved Equipment Vendors: We work with approved packaging equipment vendors, streamlining the acquisition process for our clients.
– Lowest Industry Rates: Enjoy competitive rates for qualified borrowers, reducing the overall cost of financing.
– Eligibility for New and Used Equipment Financing: Whether you’re purchasing new or pre-owned equipment, we’ve got you covered.
– Minimal Impact on Personal Credit: Our financing solutions do not appear on personal credit reports, preserving your personal credit history.
– No Pre-Payment Penalties: Enjoy the flexibility of paying off your loan early without incurring penalties.
Manufacturing Financing Programs
At Liberty Capital Group, Inc., we offer aggressive financing programs designed to meet the diverse needs of our clients. Our solutions typically involve two primary options:
– Equipment Financing: Spread the cost of your manufacturing over time with fixed payment terms.
– Equipment Leasing: Opt for off-balance sheet financing with Fair Market Value (FMV) leases, providing flexibility at the end of the lease term.
Additional Financing Benefits Our financing options include:
– $99 for the First 6 Months: Start with minimal upfront costs.
– 90-Day Deferred Payments: Pay nothing for the first three months.
– Working Capital Loans: Access short-term cash flow solutions for immediate needs.
– Fast Approvals: Apply online for funding up to $250,000 with a Streamlined Process.
Tips for Securing the Best Financing Terms
- Assess Your Needs
Evaluate your equipment needs carefully, considering factors such as technological advancements, equipment lifespan, and potential growth.
- Improve Your Credit Score
A strong credit score can significantly impact your ability to secure favorable financing terms. Pay off existing debts and ensure timely payments to improve your creditworthiness.
- Compare Lenders
Research and compare multiple lenders to find the best financing options. Consider factors like interest rates, repayment terms, and customer service.
- Negotiate Terms
Don’t hesitate to negotiate with lenders to secure better terms. Leverage your credit history and business performance to negotiate lower interest rates and favorable terms.
- Understand Loan Terms
Carefully review the loan agreement and understand all terms, including interest rates, repayment schedules, and any additional fees.
- Plan for the Future Purchase – Create Long-term Lender partner.
Consider the long-term impact of the financing arrangement on your business. Plan for potential upgrades, replacements, and future financing needs.
Industrial and manufacturing equipment financing is a strategic approach that allows businesses to acquire essential machinery while preserving capital, improving cash flow, and staying competitive in a rapidly evolving market. By understanding the various financing options, benefits, and tax advantages, businesses can make informed decisions that align with their growth objectives and financial goals.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements, loans, especially in manufacturing 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 Loan Broker like Liberty Capital Group, Inc., who can steer them in the right direction.
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Apply Online
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