Equipment Financing Boston, MA

Equipment financing is not just a necessity, but a lifeline for businesses in Boston, MA. Whether you are a small start-up or an established company, having the right equipment is crucial for your operations. However, the thought of purchasing equipment outright can be a daunting financial burden, especially for businesses with limited capital. This is where equipment financing from Customers Bank steps in, offering much-needed relief from these financial pressures.

At Customers Bank, we are not just a leading provider of machinery and equipment financing for businesses of all sizes. We are your partners in growth, offering loans that can be used to purchase or acquire used equipment. We understand that your business is unique, and that’s why we specialize in industry-specific solutions and offer flexible business loan options. This empowers you to make the best financial decisions for your business’s growth.

Why Leverage Equipment Financing?

Financing enables businesses to acquire the necessary equipment without paying the total cost upfront. Instead, they can spread out the payments over a period of time, making it more manageable for their cash flow.

One of the key advantages of equipment financing is its flexibility. Businesses can choose from a variety of equipment options that suit their specific needs. Whether it’s machinery, vehicles, technology, or any other equipment, financing allows companies to access the latest and most advanced equipment without depleting their financial resources.

Another benefit of equipment financing is that it helps businesses preserve their working capital. By financing instead of buying equipment outright, companies can allocate their capital towards other important areas such as marketing, hiring new employees, or expanding their operations. This allows for better cash flow management and ensures businesses have enough funds to cover their day-to-day expenses.

When considering equipment financing in Boston, MA, it is crucial to choose the right lender or financial institution. Customers Bank, a reputable lender with a specialization in equipment financing, can offer businesses competitive interest rates and favorable terms. We encourage you to research and compare different lenders to find the best financing option that suits your business needs.

Our Equipment Financing Options

• Equipment Loans: If your vendor is unwilling to finance your equipment or you believe you can find better terms elsewhere, consider Customers Bank’s equipment loans. They usually have fixed interest rates and repayment periods that range from three to seven years. Depending on your creditworthiness, loan amounts can range from $25,000 to $5 million.
• SBA 7(a) Loans: Designed for existing small businesses and new ventures, these SBA loans can be short- or long-term and typically come in amounts up to $5 million with low fixed interest rates. There are various loan options, so consult a Customers Bank SBA loan specialist to determine the most suitable choice for your business.
• Term Loans: Whether you want to buy new equipment or invest in technology infrastructure that a credit card can’t cover, Customers Bank term loans can help you make large purchases while keeping operations steady. You would borrow a lump sum and then pay it back with interest over a set period. Loan amounts and terms vary based on the lender and your credit history, the purpose of the loan, and the amount you borrow.

In Conclusion

Equipment financing is not just an option, but a strategic tool for businesses in Boston, MA. It enables them to acquire the equipment they need without straining their finances, provides flexibility, and preserves working capital. By choosing Customers Bank, you are not just choosing a lender, but a partner in your business’s success. Our skilled team is ready to guide you through the available options, ensuring your financial stability and growth. Contact us today and feel confident in your decision.