Acquire new equipment for your operation.
Equipment loans are a specific type of financing designed to help companies acquire either used or new equipment needed to continue to run their operations. Equipment loans are structured to allow businesses to spread out the cost of buying new equipment over time while still retaining primary ownership of this investment. Businesses across all industries rely on equipment loans, from manufacturing and construction operations to healthcare and technology businesses.
While the loan terms for equipment loans typically vary, they are usually aligned with the expected useful lifespan of the purchased equipment. Depending on the terms, these loans can last for a duration of one to seven years or more based on the equipment being financed and other factors.
One of the main advantages of equipment loans is that when you use the capital to purchase new equipment, you retain ownership of the equipment throughout the duration of the loan term. This means you can act like you purchased the equipment outright. In many cases, equipment loans also come with certain tax advantages. For example, you may be able to deduct the interest on the loan and the depreciation of the equipment on your tax return, reducing your overall tax liability.
Acquire needed equipment for your business without a large upfront cash payment with an equipment loan. We provide equipment loans to businesses in Louisiana and throughout the U.S. Contact us at TB Capital Partners today to learn more or apply for financing.
At TB Capital Partners, we offer equipment loans to customers in Covington, New Orleans, and Baton Rouge, Louisiana.
