[mleyble]

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!

[CapitalF]

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

[Alpha]

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.

[Cal Fal Equipment Finance]

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.

[Wheetie]

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.

I have a guy that owns theaters and wants to collateralize his equipment any suggestions?