Results 1 to 5 of 5
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08-27-2019, 05:43 PM #1
- Join Date
- Dec 2014
- Posts
- 8
Equipment Financing w. 10 year term option
I've had 2 requests for equipment financing in the last 2 days and BOTH clients are looking for a 10 year term (request amounts vary from ~$50K-$500K, credit is 614 & 752 for owners). Does anyone have any companies they trust for longer term equipment financing deals and if so, can you hook a sister up with a referral? Thanks!
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08-27-2019, 05:48 PM #2
- Join Date
- Jun 2018
- Posts
- 13
I have successfully secured Equipment Financing for my clients at rates around 7%-8% APR collateralizing the equipment over 5 years on monthly payments.
pm me
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08-27-2019, 05:53 PM #3
- Join Date
- Dec 2016
- Posts
- 37
Most equipment has a life cycle in the 2-7 year range, might be hard pressed to get equipment financing for terms longer than life cycle of equipment. The type of equipment is a huge factor here, what type of equipment are they looking to finance? Most lenders will compare life cycle of equipment with depreciation schedule to determine time frame of financing available.
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09-03-2019, 10:29 AM #4
- Join Date
- Aug 2019
- Posts
- 43
Hi,
I do not think we would be able to go out 10 years, but there may be other solutions.
Equipment Leasing Group of America is a direct lender who does equipment leasing and financing.
CRITERIA AND PARAMETERS FOR ELGA:
1. Equipment- Most industries and most types of Equipment (Healthcare, Industrial, Technology, Construction, Transportation and more..)
2. Credit profile - A, B, and structured credit profiles (we will use real estate as additional collateral if needed to structure the transaction to obtain approval)
3. Transaction size - $50,000 to $5,000,000 + The largest transaction we completed was $27,000,000
4. Term - 24 to 60 months
5. End of Lease options – Operating Leases, Capital Leases, 1st amendment, Equipment Finance Agreements and more.
6. Geographic footprint - All 50 States in the US, and we have partners in Canada for international transactions.
I would love to discuss further my contact information is below.Cal Falkenhayn | Senior Account Executive
Equipment Leasing Group of America
211 Waukegan Road, Suite 100 |Northfield, IL 60093
O: 847-784-0011 | F: 847-784-0066 | M: 847-922-2729
calfalkenhayn@elgallc.com | www.elgallc.com
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09-03-2019, 03:17 PM #5
- Join Date
- May 2018
- Posts
- 199
Charles Frazier
President
Sapphire Capital Group
p: 917-781-2232
m: 917-783-5634
w: www.Sapphirecapgroup.com
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