As a business owner, you rely on equipment to keep your
business running. You may find yourself in search of a loan if
your current equipment has failed and needs replacing, or if
you need to purchase new equipment to complete a job.
Whistol is a leading provider in equipment financing. Our
team is experienced in assisting business owners working in a
wide range of industries. Our loans are designed to get you
the equipment you need quickly so your business can
continue to run smoothly! Apply today and get funding for
fast, flexible buying power.
An equipment loan can help small businesses finance business
equipment. Business equipment is anything required to keep
your company running at maximum efficiency and productivity.
Equipment loans can be easier to qualify for than traditional
financing, and they are generally secured solely by the
equipment that’s being purchased. With a loan, you enjoy the
benefits of ownership. You can build equity and make
upgrades to the equipment as you please.
When in search of an equipment loan, you may find yourself
considering leasing the equipment. Of course, the biggest
difference between an equipment loan and an equipment
lease is who has ownership of the equipment.
Equipment leasing typically does not require a down payment,
and may be a viable option for your business if you are unable
to qualify for a loan. Payments are typically lower, and at the
end of the lease, there is usually an option to purchase the
equipment.
However, equipment leases are generally long term with
substantial costs when it comes to terminating the agreement
early. Be sure to weigh the pros and cons of leasing before
making the financial commitment.