Equipment Financing & Leasing

FINANCE NEW OR USED

BUSINESS EQUIPMENT

Equipment Financing & Leasing by Gloven Capital.

Purchase the equipment or machinery your business needs with equipment financing.

BUSINESS FUNDING- It Doesn't Have To Be Complicated

Loan Amounts

$30,000 to $5,000,000

Loan Terms

1 to 5 Years

Time to Fund

3 to 5 Business Days

Interest Rates

Ranging from 6% to 35%

Equipment Financing & Leasing Streamlined process

Business owners are always seeking ways to improve their services and better meet customer needs. One of the most effective ways to do so is by upgrading to the latest equipment. However, the high cost of new equipment and machinery can be a challenge. The equipment financing program from Gloven Capital provides a fast and affordable way for business owners to acquire new or used equipment, boosting productivity, efficiency, and service quality.

Whether you’re a new restaurant in need of appliances or a construction company requiring heavy machinery, Gloven Capital can help you get the equipment you need NOW, all while preserving your valuable working capital.

At Gloven Capital, we offer competitive commercial lending and equipment financing solutions, ensuring that the process of acquiring the equipment you need is as smooth and simple as possible. Let us help you take your business to the next level with the right tools at your disposal.

For Your Business Through Startup Business Loans

Equipment Financing refers to a loan used to acquire business-related equipment or machinery, such as restaurant appliances, commercial trucks, or construction machinery. These loans typically involve periodic payments that cover both the interest and principal over a fixed term.

Many businesses turn to equipment financing to replace, upgrade, or purchase new equipment while maintaining their cash flow and working capital. The lender typically finances between 80% to 100% of the equipment’s cost, depending on the situation.

Since the equipment or machinery itself serves as collateral for the loan, it’s considered self-secured. This means lenders often offer more favorable terms, including lower interest rates and longer repayment periods.

The amount you can borrow and the interest rate will be determined by the value of the equipment and the strength of your loan application. Additionally, the loan term will not extend beyond the useful life of the financed equipment.

With Gloven Capital, businesses can access financing to purchase everything from computers, trucks, and ovens to furniture, copiers, forklifts, and farm machinery—without the need for large, upfront payments.

Would you like to learn more about the difference between Equipment Financing and Leasing? Check out this helpful article on our blog for detailed information to guide your decision-making process.

For Your Business Through Startup Business LoansEquipment Financing vs. Equipment Leasing

Often, new business owners exhaust the majority of their capital on purchasing equipment, not realizing that leasing could be a more affordable and flexible option. Some business owners only need the equipment for a short period, while others may not have enough capital to buy outright. In these cases, leasing becomes a smart alternative.

When you lease equipment, it’s similar to renting an apartment—you only have access to the equipment while you are making payments. This can be an ideal solution if you’re not looking for a long-term commitment or if you want to preserve your capital for other expenses.

Advantages of Leasing Equipment:

No Large Down Payment or Collateral: Leasing allows you to get the equipment you need without upfront costs or risking your business assets.
Lower Initial Investment: Leasing can help you avoid depleting your business’s cash reserves while still getting the equipment you need to grow.
Flexibility: Leasing is perfect for businesses that require temporary equipment or those that want to upgrade frequently.

Considerations:

While leasing offers many advantages, it can also be more expensive in the long term than purchasing the equipment outright. This is something to consider based on your business needs and goals.

At Gloven Capital, we understand the challenges of acquiring necessary equipment without straining your finances. We offer flexible equipment financing and leasing options for businesses across all industries. Our goal is to help you get the equipment you need while keeping your payments affordable and your cash flow strong.

Before You Purchase or Lease Equipment, Ask Yourself:

What type of equipment do you need?
How much will it cost?
How will you pay for it?

If you’re ready to take the next step, visit our Equipment Leasing resources for more information, or reach out to Gloven Capital for personalized guidance and financing options. We’re here to help you grow your business without compromising your financial stability.

Pros

✔Fast approvals
✔The equipment acts as strong collateral
✔You’ll own the equipment at the end loan term
✔Allows you to make equipment upgrades easily
✔Helps your cash flow
✔You can save money on your business tax return under Section 179 of the IRS
✔You won’t have to wait until you have the capital on-hand to purchase the equipment