BUSINESS FINANCING

Equipment Based Financing

Funding secured by your company’s assets like real estate or equipment.

EQUIPMENT BASED

Asset Based Lenders

Accounts receivable, machinery, land, and real estate are the types of balance sheet items our asset-based lenders accept as collateral.

Accounts receivable, machinery, land, and real estate are the types of balance sheet items our asset-based lenders accept as collateral.

  • Up to $1,000,000
  • 6 mo.-3 year term
  • 8-25% interest rate
  • 3-21 days to fund

Straightforward documentation gives you fast access to funds for working capital, business turnarounds, buyouts, acquisitions, and more.

  • Business tax returns
  • Credit application
  • Collateral and appraisals
  • Bank and financial statements

Equipment Based Financing from Lending Source provides small businesses with numerous flexible funding options

Pros

  • High rates of approval
  • Exceptional credit not required
  • Uncomplicated application process
  • Inconsistent cash flow is acceptable
  • Up to 90% LTV through Lending Source

Cons

  • Higher interest than traditional financing
  • Stricter covenants and usage restrictions
  • Higher fees than traditional business loans
  • Appraisals of assets may be required
  • Collateral may need to be monitored

Debt Financing Terms, Rates, and Timeframes

Pros

Debt financing allows business owners to maintain control of their equity. That means you will borrow money from a lender who will not offer you any strategic assistance and therefore will not hold any of your company’s equity. In other words, you will get a cash infusion with a contract to repay the principal plus interest, but you will not have to share any profits.

Cons

Debt financing requires you to make payments regardless of your profitability. So unlike equity financing where you would repay an investor with a share of your future profits, your debt lender will expect you to repay the principal plus interest according to a generally inflexible schedule. Failure to do so opens you up to lost collateral and/or costly legal action.

*Approval rates vary by creditor and loan type, and the terms and conditions of any debt financing product are based on the applicant’s creditworthiness. Visit our FAQ page for more information on Lending Source’s approval rates and fees.

Lending Source can help get ALL of your MCA and other debt refinances into one loan

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