Leaseback

Small Business Loans Depot’s specialty leaseback funding program allows your business to obtain Working Capital against your Computer, Industrial, Medical Equipment and Machinery. In this transaction, equipment is sold on paper by the seller and leased back. The seller obtains working capital while the equipment remains on their property. Full ownership is retained by the seller upon completion.

  • Just a 1 Page Application
  • No application fees
  • Flexible credit requirements, less that 2 Yrs time in business
  • The equipment stays on your property
  • Get up to 80% of the original purchase price
  • Tax advantages that rival Mortgage Write off’s
  • No restrictions on how the money is used.
  • The loan does not show up on your credit report

Complete the “Contact Us” Mini App on the menu above, or call us Toll Free at Tel: 919-771-4177. The call is Free as well as our commercial representatives will provide info on features including:

Get $10,000 to $150,000 in this financing for your business now against equipment:

Equipment is a untapped equity source. Profits are derived through the use of equipment, not the ownership of equipment or real estate. Leaseback equipment to get critically needed funding. This form of financing has some of the highest approval rates of any form if financing. Analysis shows that since most businesses have equipment, most businesses will pre qualify.

Equipment types that will qualify include computer electronic equipment such as front end loaders, skid steers, bobcats, ditch witches, and most construction equipment. Industrial equipment includes lathes, CNC milling machines, presses, shears, cranes, drilling equipment, oil industry equipment, manufacturing equipment, assembly equipment, finishing equipment and many others. Medical equipment includes dental equipment such as delivery stations, patient chairs and stools, X-ray equipment, cavitrons, regular medical equipment such as medical imaging machines, ultrasound, MRI machines, PET and CT scanners, therapeutic equipment such as infusion pumps. Further equipment types include Chiropractic equipment such as patient tables.

Other advantages of this leaseback financing transaction are that small ticket, $10,000 to $50,000 in most cases. Far more businesses will qualify for $25,000, than for $250,000. Therefore, many more businesses will be able to obtain funding through this program, simply due to easier qualification for lower amounts.

Get financing today.  Contact Us in the menu bar at top & complete “Mini-App” & get your funding today! Call Tel: 919-771-4177.

There are significant tax advantages for this leaseback. In most cases, the full payment, 100% can be written off, which places this transaction in the same realm as the revered home mortgage deduction in which the full payment can be deducted.

The following video provides an overview and features and benefits of the program:

Frequently asked questions:

Question: Will I get approved?
Answer: If your business has either industrial equipment, machinery, medical equipment or computer / electronic equipment, been in business 2 years or more, your business has a strong opportunity to qualify for a leaseback.

Question: How fast can I get funding?
Answer: Decisions are rendered in 24 to 48 hours in most cases, with funding occuring within two to four business days after receipt of the completed docs.

Question: How much can I get?
Answer: Most transactions are in the $10,000 to $50,000 range. If a business needs more than $50,000, we can either do a 2nd transaction or the customer can provide recent financial statements to obtain funding up to $75,00o to $100,000 in most cases. Most customers simply obtain a 2nd transaction as they can obtain a 2nd transaction with just a one page application and do not need to provide financial statements.

Question: What are the terms if approved for a leaseback?
Answer: Terms are 24, 36, 39, 42, 48 and 60 months.

Question: Does the equipment need to be owned outright and can I use inventory?
Answer: The equipment does need to be owned outright and and inventory cannot be used.

Question: Is a site inspection of the equipment required?
Answer: In most cases a site inspection is not required. However, a site inspection may be called at the discretion of the lender. If so, it may be know at time of approval. In some cases, a site inspection is called just prior to closing. This is sometimes called a surprise inspection.

Question: If my business needs more funding in the next few months, can I get more funding or do we have to wait a longer period of time?
Answer: You do not have to wait an extended period, 1 or 2 years to qualify for additional funding. You have an excellent chance to qualify for more funding in as little as 60 or 90 days. The 1st round of funding that was taken out will be factored into the analysis, but will not preclude or be a disadvantage to your business from more funding.

Sample transaction

Oak Ridge, Tennessee technology center needs $50,000 in working capital and applies for a leaseback. They submit a one page application and equipment list of their existing free and clear equipment. The equipment list is reviewed and it is determined that a CNC milling machine and a router can be used for the transaction.

Oak Ridge Technology Center is approved for the full $50,000 of their request. Documents are E-Mailed to the company. The documents are completed and the originals are returned through overnight delivery. A review of the paperwork is completed. In most cases a site inspection is not required. A final verbal verification of the transaction is completed with the owner(s) of the company. Upon completion of the verbal confirmation, funds are wired to the company within two to three business days.

If Oak Ridge Technology Center decides that they would like additional funding, there are no time constraints on how long they have to wait to obtain additional financing. If they have additional equipment, they can apply immediately. Because the sale leaseback transaction does not reflect on the owners credit report, the owners do not have to consider that an additional funding request will reflect them to have more debt, or too much debt based on these transactions.

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