Get Competitive Rates for Cleaning Equipment Financing
Financing cleaning equipment can be a strategic move for businesses to manage cash flow, upgrade to better technology, and maintain efficient operations. Here’s a comprehensive guide to help you navigate through the process:
Assess Your Needs
Determine the Type of Equipment:
- Identify the specific cleaning equipment needed (e.g., floor scrubbers, vacuums, pressure washers, etc.).
- Consider the size and scope of your cleaning operations.
Evaluate New vs. Used Equipment:
- New equipment usually comes with warranties and the latest features but at a higher cost.
- Used equipment is more affordable but may have a shorter lifespan and higher maintenance costs.
Why Finance with Liberty Capital Group, Inc.?
Our financing options offer the flexibility you need to manage your cash flow effectively while investing in the equipment necessary to grow your business. With longer loan terms of up to 84 months, we can help you reduce your monthly payments and make owning a high-ticket item like a van, service truck and cargo vans more manageable.
Compared to traditional lenders, we offer several advantages:
- Corp-Only Available: We cater to businesses of all sizes, including corporations.
- Up to 120% Equipment Cost: Our financing solutions can cover not only the equipment cost but also soft costs associated with acquisition.
- Fast Approval Process: With our simple one-page application, you can get Funding Approval as quickly as the next day.
- No Down Payment Required: Qualified borrowers may access financing without the need for a down payment.
- Lowest Rates: We offer competitive rates for qualified borrowers, ensuring you get the best financing terms available.
- No Pre-Payment Penalties: Enjoy the flexibility of paying off your loan early without any penalties.
Credit Requirements for Cleaning Business Equipment Finance:
Feature | Business Loans | Equipment Leasing | Equipment Financing |
Ownership | 50% | 100% | 100% |
Initial Costs | $0 | Low to moderate | Varies |
Monthly Payments | Monthly, Daily, Weekly | Monthly | Monthly |
Credit Minimum: | 500 | 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 |
For startup cleaning companies, we require:
- Business license or active business entity registration.
- Personal guarantees from all owners.
- Minimum 625 credit score.
- No bankruptcies in the last 7 years.
- No unresolved tax liens.
Financing Options for Cleaning Service Trucks and Equipment:
We offer various financing options tailored to your needs:
- Equipment Financing: Spread the cost of the cleaning service truck over time with fixed payment terms.
- Equipment Leasing: Lease a service truck with off-balance sheet financing options like Fair Market Value (FMV) leases.
Additional Financing Benefits:
- $99 for the First 6 Months: Get started 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 in addition to your equipment financing.
Are You an Equipment Vendors:
Liberty Capital’s Financing Program
Liberty Capital offers a comprehensive vendor financing program for used commercial trucks, used trailers, heavy equipment, office equipment and machinery. We cater to all types of dealers, vendors or resellers including manufacturers.
This program is designed to accommodate all credit types financing and leasing, including startups, ensuring that even businesses with less-than-perfect credit can obtain the necessary equipment.
Vendor Financing Features:
- 100%
Pre-Funding: Pre-fund the vendor 100% prior to delivery, ensuring that vendors receive their payment upfront. - Soft Inquiry: We perform a soft inquiry on credit, which does not impact the buyer’s credit score.
- Bad Credit Options: We can finance buyers with bad credit as long as they can make a down payment ranging from 5% to 40%. This is particularly beneficial for those with marginal credit and startups.
Equipment Financing Application Only up to $250,000
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
List of Cleaning Equipment We Can Finance
Cleaning equipment financing generally falls under the commercial and industrial equipment financing category. This includes a wide range of equipment used in various cleaning businesses. Some of the types of equipment that can be financed for cleaning businesses include:
Vehicles:
- Vans: Used for transporting cleaning equipment and personnel to job sites.
- Box Trucks: Larger capacity vehicles for carrying extensive cleaning supplies and larger equipment.
- Service Trucks: Equipped with specialized tools and compartments for on-site cleaning services.
- Lift truck and Boom Trucks: Can be used to clean hard to reach areas.
Cleaning Machines:
- Floor Scrubbers: For cleaning large floor areas efficiently.
- Carpet Cleaners: Both portable and truck-mounted units for deep cleaning carpets.
- Pressure Washers: For exterior cleaning of buildings, driveways, and other surfaces.
- Steam Cleaners: Used for high-temperature cleaning and sanitization.
Specialized Cleaning Equipment:
- Window Cleaning Systems: Including poles, squeegees, and water purification systems.
- Air Duct Cleaning Machines: For HVAC system maintenance and cleaning.
- Industrial Vacuum Cleaners: Heavy-duty vacuums for commercial use.
Janitorial Equipment:
- Buffers and Polishers: For maintaining and polishing floors.
- Mops and Buckets: Various sizes and types for different cleaning needs.
- Cleaning Carts: For organizing and transporting cleaning supplies within large facilities.
Supplies and Accessories:
- Cleaning Chemicals: A variety of detergents, disinfectants, and other cleaning agents.
- Protective Gear: Gloves, masks, and other safety equipment for cleaners.
- Scissor lift to clean windows or hard to reach areas.
Financing these types of equipment helps cleaning businesses manage their cash flow and avoid large upfront costs, allowing them to invest in high-quality equipment that can improve efficiency and service quality.
How To Apply!
Liberty Capital is committed to helping small business owners acquire the heavy equipment they need to thrive. So we make it simple for you to apply. Simple Application With flexible financing options, competitive rates, and a deep understanding of the industry, we provide the tools you need to build a successful future. Contact us today to learn more about how we can assist with your heavy equipment financing needs.
Our small business financing experts are available to guide you through the funding Process.
Despite technological advancements in the lending industry, however, cleaning 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.
