For a sale-leaseback, Small Business Loans Depot offers a niche sale-leaseback loan based on equity in business assets, such as equipment assets. Almost every practice has equipment. This is a straightforward non government loan.
For this sale-leaseback loan, business owners use equity in their existing equipment, such as Computer equipment, industrial equipment, machinery and medical equipment as well as Chiropractic equipment in a refinance for an urban or rural sale-leaseback.
- A sale-leaseback allows yours business to raise from $10,000 to $100,000 quickly and easily for any purpose, such Cash Flow, Expansions, Marketing,Inventory, Taxes, Employees, or equipment with easier credit requirements. Total funding which can be obtained is approximately in the $15,000 to $250,000 range.
- The age and condition of the equipment is considered. The highest value and newer equipment should be listed primary on the application. Depending on the type, older equipment with full depreciation may still qualify for the program.
- Difficult transactions are routinely completed.
- Application is simple with an expedited funding process. Only a one page online application is required
- There are no application or upfront fees.
- Your request is completed by an experienced consultant
Complete the “Contact Us” Mini App on the menu above, or call Toll Free: 855-787-1113. Your call is free and our commercial representatives will provide detailed information on features.
A significant tax savings may be obtained in this sale-leaseback against equipment, by being arranged partially as a lease. This results in a significant tax savings versus a traditional loan. The borrower obtains working capital for their business via the equity in their equipment instead having full ownership in the equipment.
This sale-leaseback allows the business to use both Computer equipment, Medical equipment, or industrial equipment and machinery, allowing for higher funding amounts. Up to 80% of the value can be funded. Additional equipment that can be used in this asset based sale-leaseback includes Computer equipment includes Servers, Desktops, and software. Dental equipment includes Patient delivery stations and cavitrons. Medical equipment includes X-Ray equipment, Defibrillators, optometry equipment, Heart monitoring equipment, Ultrasounds, MRI machines, Brain Scan equipment, auto refractors, Medical monitors, keratometers, and radiometers.
Your business generates revenue by using equipment rather than owning it. This sale-leaseback takes advantage of the untapped equity in equipment and uses it instead for cash flow.
The one page application and equipment list is submitted by completing the online application in the menu bar above, or Faxing to Fax: 919-882-8541, or E-Mailed to firstname.lastname@example.org. The general processing time is one to three business days. Upon approval, time for final funding is approximately one to three days.
If more funding is requested, further funding can be obtained with additional funding “Segments” or “batches”. Total funding that can be obtained is usually in the $150,000 to $250,000 range.
Apply today, call Toll Free: 855-787-1113, get the untapped equity out of your equipment, and put some cash flow into the business today.
Due to constant technological advances in the Medical field, Medical equipment depreciates very rapidly. Many types of Medical equipment become obsolete in a relatively short amount of time. However, Small Business Loans Depot can utilize Medical Equipment that is several years old and close to, or fully depreciated.
The business may have more working capital and financing requirements after the equipment refinance product is completed. Other available programs include:
Gross Sales Cash-flow-loan – This financing product can be ideal for many businesses by being based on the Gross Sales and cash flow of the business. Many businesses have significant cash flow. As a result, substantive working capital can be obtained by the business through this product.
This sale-leaseback product is used, in effect as a loan against cash flow. The business provides the most recent 6 months business checking account statements along with a one page application. The average daily collected balance, beginning balances, ending balances, and the amount and number of deposits per month are analyzed in order to determine the approved amount.
The client sends in the most recent 6 months business checking account statements and the one page application. Upon approval, documents are E-Mailed to the customer. The customer completes the documents and faxes them back in. A verbal verification and final landlord check is completed. Funding is wired into the customer’s account within 1-3 business days.
Repayment terms on this sale-leaseback range from 3 to 18 months. Once the customer satisfactorily repays the line, the line size is frequently increased. The customer does not have to use the available line again. They can reuse the line right away or leave it idle for any length of time.
By providing the last 2 years tax returns, and if they are strong, the initial line size can be significantly higher and future line increases can also be more.
Sample Asset based Equipment refinance transaction:
Primary Engineering and Aerospace in Lexington, Kentucky, 6 Years in business, 650 credit score with a Dun & Bradstreet Paydex Score = 65. Primary provides a One page application and their equipment list. Serial numbers are not required.
Upon approval in 2-3 days, Documents are E-Mailed to Primary. Primary completes and overnights the original docs back. A final verbal confirmation occurs within a day. In most cases a site inspection is not required. Funding takes place in 2-3 business days.
In most cases, Financials and Bank Statements are not required. However, if the customer’s Financials or Bank Statements are strong, the customer can choose to provide to enhance their application.
SBA 504 Loan program – The SBA 504 loan program is an economic development loan program that offers small businesses business financing and also promotes business growth and job creation. Through February 15th, 2012, $50 Billion in 504 loans has created over 2 million jobs……read more
Wyoming Chiropractor uses 504 loan program to expand Medical Office……read more
sale-leaseback Resource forum:
SBA Community Blog and Forum – Blog and Forums by the SBA, Small business administration. Questions can be asked and answers provided.
U.S. Department of Commerce – Helps american businesses become more innovative at home and competitive abroad.
U.S. Bureau of Economic Analysis – Provides statistics on consumer spending, corporate profits, travel and tourism and much more.
Entrepreneurworld – Resource for Entrepreneurs, including starting your own business, growing your business.
Bureau of Labor Statistics – Provides companies with up to date information on employment, demand, hiring, productivity and other information that may be useful to companies.
International Trade Administration – Creates jobs and economic growth by promoting U.S. companies abroad to governments in other countries.
More sale-leaseback resources:
Department of Labor – Provides information on many labor issues that can be useful to companies, such as insurance, regulation, wages, wage hours, compensation, safety and health
U.S. Patent and Trademark Office – U.S. office to file patents to protect a companies new or existing proprietary products.
U.S. Trade and Development Agency – Promotes U.S. Exports to Foreign Countries, please review if your company is interested in exporting goods to foreign countries.
CEO Refresher - A monthly newsletter on creative leadership ideas. Short articles, brief book reviews, models, management tools, quotations and commentary.
E-Network for CEOs – Online articles and much more for CEO’s
Public Radio Planet Money – All issues money related to the public.
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