Equipment financing allows small businesses to invest in the tools and machinery they need to grow and succeed.

By working with an equipment finance lender, you can fund the purchase of vital equipment and pay for it over time, preserving working capital and keeping your business running smoothly.

Canyongate Financial is a leader in the equipment finance and working capital space with the most competitive terms and lowest rates. 

What is Equipment Financing?

Equipment financing is very much as it sounds. It’s the process of securing funds to purchase equipment for your business. Equipment can include anything from vehicles and machinery to office furniture and computers.

Many small businesses struggle to get their hands on the equipment they need to compete without equipment finance. For instance, agricultural companies looking to buy tractors or other heavy machinery may find it challenging to do so without additional funding. The same goes for companies in the construction industry that need vehicles or specialized tools.

Get Funded Quickly

What’s more, with equipment supply chain issues still lingering globally, smaller companies need cash on hand fast to secure tools and machinery before it’s gone to competitors. 

Equipment financing companies provide the necessary funds to small to medium-sized businesses to do just that. Then those firms repay the financing over the useful lifetime of the equipment.

How Does Equipment Financing Work?

Equipment financing companies tend to appraise the equipment being purchased and then offer a loan for a percentage of the total value. The business owner then makes monthly payments on the loan, plus interest, across the usable life of the equipment. This repayment period could be anywhere from a few years to a decade. Traditional equipment financing works by the purchased equipment serving as collateral for a loan. 

  • New and used equipment
  • Variable term length with fixed rates
  • Loan and lease structures available
  • No money down approvals (for qualified applicants)
  • Quick application and approval process

Secure Equipment Financing Today with Canyongate Financial

Whether you’re looking for $5,000 or $50 million, Canyongate Financial has equipment finance options.  At Canyongate Financial, we are partnered with the best in class, equipment finance lenders who understand your business.  We provide equipment financing to companies that need it the most. 

To learn more about how Canyongate Financial can help you secure the equipment financing you need, contact us today.

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2099 N. Collins Blvd
Richardson, TX 75080