Equipment Financing On Your Terms
$25,000 - $500,000 | Quick, Easy, and Secure
One Simple Application, and No Financial Statements up to $300,000
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Get Qualified for Equipment Financing
Whether you're ready to upgrade to new technology or need to replace an aging machine, rely on Sierra Equipment Finance to help you get it done.
We lease the equipment you need to grow your business
Equipment financing enables you to aquire the equipment and technology your business needs without using up your working capital or business line of credit.
Benefits for Equipment Financing
Upgrade your equipment and free up working capital in the process.
Unlock Tax Savings
Conserve Bank Lines
Types of Businesses That Finance Equipment
- Small Businesses
- Middle-Market Companies
- Large Corporations
- Equipment Manufacturers
- Equipment Dealers/Vendors
- Government Agencies
- Nonprofit Organizations
Time has changed
FAQ: Equipment Financing
Equipment financing allows you to purchase equipment you need to grow your business using a loan or lease with payments made over time, similar to a car loan. A lease may have options for purchasing the equipment at the end of the lease.
Depreciation on equipment often makes traditional lenders like banks and credit unions wary of lending large amounts of money to purchase equipment. At Sierra Finance we also tap into alternative lenders to provide customized solutions for your equipment needs.
The length of equipment financing term depends on several factors. If you are purchasing expensive equipment with a loan, the term can be as long as 10 years. If you are leasing equipment with a fast depreciation, you may only want to lease it for a couple of years.
Many business owners can save money on both the cost of equipment and taxes by financing and taking the Section 179 deduction. If your equipment qualifies, you could save money now by deducting up to 100% of your equipment cost. We recommend consulting with your accountant or CPA for guidance.
Even if your business is able to purchase a new piece of equipment with cash on hand, financing allows you to invest your company's cash into other strategic opportunities. Leases are a good option if you have equipment that requires an upgrade every few years.
Why Sierra Equipment Finance?
No matter what industry you're in, we understand that you need equipment for your business.
With a friendly, custom-tailored approach for your unique business, we deliver the equipment financing you need.