Specialty Equipment Financing

Equipment financing allows businesses to acquire the equipment they need without taking all the money out of their cash flow. Financing equipment is one of the most common reasons a small business owner might seek out a loan. It is used to buy anything from software to commercial equipment, titled utility vehicles, heavy machinery and more. When applying for an equipment loan, there are several factors that go into a loan approval, including the amount borrowed, interest rate, and term length (typically 60 months). The amount of money you’ll be eligible to borrow depends on the type of equipment you’re purchasing, whether it’s new or used and your credit history.

Oakmont Capital Services has provided commercial equipment financing to growing business like yours for over 20 years. Let’s explore how financing commercial equipment can be beneficial for a business owner from a cash flow and asset standpoint.

Should You Finance Your Equipment?

Typically, Oakmont Capital customers seek 100 % financing for a piece of machinery they’ll use for the long-term. Not every business owner has the cash flow to purchase a piece of equipment outright, and that’s where equipment financing comes into the equation. Some business owners choose financing to conserve their cash flow for unexpected expenses that may arise.

By obtaining a loan, our customers can extend their capital with a monthly flat payment instead of a lump sum. At Oakmont Capital Services we also offer flexible payment options including seasonal, skip and delayed payments, making it easier for customers in certain industries to make their payments when cash flow is steady.

Equipment financing allows you to quickly get the money you need to purchase equipment and keep your business running. With the streamlined application process via electronic documentation at Oakmont Capital Services, our customers can secure a loan quickly – sometimes within 24 hours – which does not require a down payment. By getting approved for a loan, purchasing equipment, and adding assists to your business, you’ll increase your chances of obtaining a loan or line of credit in the future. As a bonus, per Section 179 of the tax code, small businesses can write off equipment purchases each year, enabling tax incentives and improving cash flow.