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Quickline Capital Partners

Equipment Financing

Purchase Equipment
Without Dipping into Cash Reserves

At Quickline Capital Partners, we understand that businesses like yours need equipment financing to expand and stay competitive. That’s why we offer a refreshing alternative to traditional banks. With our streamlined application process, competitive rates, and flexible monthly payment schedules, you can propel your business forward without the daunting task of acquiring necessary equipment. We are here to make financing easier than ever before.

Trust Quickline Capital Partners for all your equipment financing needs and take your business to new heights.

Guidelines

  • N660+ FICO Credit Score
  • N2+ Years in Business
  • NMax Loan Amount $150,000
  • NApplicant Ownership 51% or more
  • N60 Month Max Term
  • NApproval in as little as 4 Hours
  • NCompetitive Rates

Why Consider Financing Equipment

Acquiring the necessary equipment to maintain competitiveness doesn’t have to be a daunting task. Our streamlined application process, competitive rates, and flexible monthly payment schedules, which span the entirety of the equipment’s lifespan, make propelling your business forward easier than ever before.

Gain A Competitive Edge

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Building Financial Strength

Enhance your business credit by ensuring timely payments. Upgrade your equipment seamlessly without disrupting your cash flow.

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Simplified Eligibility

Qualify for funding up to $150,000 with a FICO score of 675 and a minimum of 3 years in business. For those with an excellent credit score (775+), a mere 1 year in business is sufficient.

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Additional Advantages

Experience a straightforward application and qualification process, with prompt access to funds. Equipment that is financed or leased may be eligible for the Section 179 Tax Deduction.

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How To Apply

Applying for a line of credit through Quickline Capital is simple, taking only minutes to get started. Simply fill out our online application. Upon receipt of your application, your Account Executive will be in touch to review your info and request your most recent bank statements. Minutes after working with your rep you’ll know the credit line size for which you qualify and will walk you through the next steps.

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Equipment Financing For Businesses

Equipment financing can be used in virtually any industry, however there are some industries that utilize this more often than others. Here are the industries that most frequently use Quickline equipment financing:

    • Medical/Dental Practices
    • Construction
    • Manufacturing
    • Agriculture
    • Transportation/Trucking
    • Restaurants

Frequently Asked Questions
With Equipment Financing

What is equipment financing?

Simply put, Quickline Equipment Financing is a loan that you use to purchase business-related equipment. It allows business owners to purchase the equipment they require to keep their business running and successful without the need to pull from existing working capital.

How is equipment financing different from a business loan?

Equipment financing is, actually, a type of business loan. Similar to the traditional business loans that you are used to seeing, Quickline Equipment Financing has monthly payments that include interest and principal over a fixed term. With equipment financing, however, the full equipment cost is paid directly to the vendor/seller upfront.

How is equipment financing different from equipment leasing?

While both equipment financing and equipment leasing can be used to acquire new equipment for your business, they do have some very distinct differences. The main difference between these two options is the ownership of the equipment. When you use equipment financing, you are purchasing the equipment from a vendor and you are, therefore, the owner of the equipment. With equipment leasing, however, you do not own the equipment outright. Instead, you are renting equipment through a leasing company for an agreed upon amount of time, with the option to purchase at the end of your lease agreement.

What are the benefits of equipment leasing vs equipment financing?

Equipment Financing is a collateralized loan that allows you to purchase equipment for business use. There are many benefits to equipment financing, including: Preserve existing working capital Tax advantages through the Section 179 Tax Deduction* Improve your credit score with timely payments An equipment lease is, essentially, a rental agreement between an equipment vendor and a business, where you rent equipment from a vendor for a monthly payment. You do not own the equipment during the lease term (think along the lines of leasing a car for personal use – it’s just like that!). There are many benefits to equipment leasing, including: Preserve existing cash flow Permits regular upgrades to your equipment Tax advantages through the Section 179 Tax Deduction* * Always consult your tax advisor as to any tax advantages that may be available with equipment financing and leasing, as the tax code may change each year (or even mid-year) without notice.

What types of equipment can I finance?

Quickline equipment financing is not just for heavy machinery. In fact, you can finance almost any type of equipment, vehicle or software you need to run your business. Here are just some of the business equipment needs that you can get covered: X-Ray Machines, Autoclaves, CAD/CAM Technology, Dental Treatment Units and more Bull Dozers, wheel loaders, telehandlers, aerial platforms, trenchers, pavers and more Solar Panels and HVAC Units Commercial mowers, front-end tractors, loaders, back hoes, excavators and more Forklifts, workbenches, flow racks, case sealers, conveyor belts and more Office furniture Trailers, delivery vans, company cars, food trucks, Commercial ovens, freezers, refrigerators, grills, food processors and more

Can I use the Section 179 tax deduction with equipment financing?

Section 179* of the tax code allows small businesses to deduct the full amount of the purchase price (up to certain limits) of general business equipment. This deduction allows you to substantially lower the amount that you pay for business equipment. You can see additional benefits when your new equipment is leased or financed using Section 179 qualified financing. To be eligible for this deduction, you must have purchased/ leased/financed your equipment and have it placed into service during the year in which you plan to take the deduction. This use-it-or-lose-it write-off is a great incentive for businesses to purchase, finance or lease the business equipment they need. However, ever-changing federal and state tax laws and tax and stimulus acts can always affect Section 179, so it is critical to speak with your accountant PRIOR to a purchase to determine whether or not your equipment meets eligibility requirements for these tax benefits. * Always consult your tax advisor as to any tax advantages that may be available with equipment financing and leasing, as the tax code may change each year (or even mid-year) without notice.

Can I get a customized financing solution?

Absolutely. We understand that each business is unique. We work closely with you to tailor a financing solution that aligns with your goals, budget, and preferences. Don't miss out on the opportunities that equipment financing can provide for your business. Contact us today to explore your options and empower your business with the latest equipment and technology.

Quickline Capital Partners Lending Areas

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