Industrial Equipment Financing & Loans

Whether you are looking to purchase a piece of machinery, a vehicle for use in your business, a large piece of medical equipment such as an MRI, or other support equipment, CommercialLendingX.com has a variety of lending solutions available to you. Depending on your need and financial condition, CLX can get you up to 100% industrial equipment financing on the acquisition of new equipment, and as much as 80% financing on the refinance of existing equipment (and sometimes even higher with the pledge of additional equipment or other collateral). Our available sources for industrial equipment financing and loans are as follows:

a) Traditional Banks – typically offer advance rates up to 100% of value and attractive fixed interest rates. As the Borrower you own the equipment and the Bank takes a lien on it. Once it is repaid it is yours. We can also work with the SBA 7A or USDA Lending programs to assist with equipment financing.

b) Leasing Companies – typically offer advance rates up to 100% of value. Interest rates vary but tend to be a bit higher than the best Bank rates. The Leasing Company owns the equipment, and as the Borrower you are leasing it from them. Once your lease expires you typically have the option to purchase the equipment for a buy-out price, which is substantially less that what the equipment originally cost or is worth.

c) Private Funds that specifically provide industrial equipment financing – typically offer advance rates varying but in some cases as high as 100% of value. Interest rates vary but tend to be quite a bit higher than Bank and Leasing Company rates, usually in the teens. These funds are designed to provide financing to higher risk companies or on higher risk equipment. The Borrower owns the equipment and the lender takes a lien on it. Once it is repaid it is yours.

Typically if a Borrower is looking to purchase a new piece of equipment or refinance a piece of equipment and the lender does not want to do 100%, if we can evidence additional collateral in either the form of additional equipment or in other un-encumbered assets such as inventory or receivables, we can get the Borrower the higher level of industrial equipment financing.

Also note that if a borrower in Chicago is seeking loans for damage restoration in Chicago flood damage or Chicago water damage, we can assist in such cases as well.