Every year, companies invest thousands of dollars in purchasing new or used equipment for their businesses. Many will choose to finance this expensive equipment to spread the expense over the asset’s lifespan or to free up capital that can be invested elsewhere in the business. Whether you are looking to purchase a single piece of equipment while maintaining cash flow, upgrade multiple pieces of equipment to keep up with evolving technology or seek financing solutions for your ongoing equipment needs, Avon River Ventures is your funding partner.
To understand equipment financing, it is essential to understand what is considered ‘equipment.’ Any tangible asset other than property or a building may be considered business equipment. For example, desks, chairs, copiers, phones, or printers for a new office, X-ray or ultrasound machines for a medical office, and construction or heavy-duty material machinery qualify as business equipment.
Buying and maintaining equipment is expensive, and equipment often gets obsolete, outdated, or replaced by a newer version of the technology. Many small business owners opt to finance these purchases as high costs involve maintaining and owning equipment.
At Avon River Ventures, we understand that for some businesses, the need for equipment at the right time, is of great essence hence our turnaround time from submission of a funding application is usually 48 hours, and we can secure financing up to $2,000,000. We provide up to 90% Loan to Value on the Equipment Financing.