Understanding the terms of equipment financing is crucial when considering this option for your business. At Owens Capital, we offer clear and flexible terms to help you acquire the equipment you need without unnecessary financial strain. Below are key aspects of our equipment financing terms:

1. Loan Amounts:

• We provide financing for a wide range of equipment needs, from small purchases to large-scale acquisitions. Loan amounts are tailored to your specific requirements, ensuring you have the capital necessary to invest in your business's growth.

2. Repayment Options:

• Choose from flexible repayment options that align with your cash flow and financial strategy. Options may include:

  • Fixed Rates: Maintain predictable monthly payments throughout the loan term.

  • Variable Rates: Benefit from potential interest rate fluctuations, which can be advantageous depending on market conditions.

  • Balloon Payments: Arrange for lower initial payments followed by a larger final payment, suitable for businesses expecting increased revenue or future financing.

3. Loan Terms:

• Our equipment financing terms are designed to accommodate your business's needs. Terms typically range from 1 to 7 years, depending on the type of equipment and your financial situation. Longer terms may be available for certain equipment acquisitions or larger loan amounts.

4. Down Payments:

• We offer competitive down payment options, allowing you to preserve capital for other operational expenses or investments. Down payment requirements vary based on factors such as creditworthiness, equipment type, and loan amount.

5. Eligibility and Approval Process:

• Our straightforward application process ensures quick approval decisions, with minimal paperwork required. Eligibility is based on factors including credit history, business financials, and the equipment being financed.

6. Tax Benefits:

• Depending on your location and circumstances, equipment financing may offer tax advantages such as depreciation deductions. Consult with your tax advisor to understand potential tax benefits associated with your equipment purchase.

7. Industry Expertise:

• With extensive experience serving diverse industries, including manufacturing, healthcare, construction, and more, we understand the unique equipment needs of different sectors. Our industry expertise allows us to tailor financing solutions that support your business's growth and operational efficiency.

Get Started Today

Ready to explore equipment financing options for your business? Contact us today to discuss your equipment needs and discover how our flexible terms can help you achieve your goals.