Heavy equipment financing is the best way to buy heavy-duty equipment, whether you’re expanding, starting a new company, or are interested in replacing the machines you already have.
Before signing up the forms for heavy equipment finance, it’s best to do some research on your options to find everything important you need to know.
How to Apply for Heavy Equipment Financing ?
There are several items you would like to bring with you for completing the necessary paperwork for getting approved for equipment finance. You should also have all necessary details about the equipment you want to purchase. Also bring your business plan that will demonstrate how addition of new equipment will help you in increasing your profits.
Things You Should Know
You should thoroughly research on the equipment you need before applying for equipment financing. Different types of heavy equipment may need different types of financing. Compare different brands and ascertain the differences between the latest models.
Aside from checking the safety ratings, you should find out all about the repairs each unit will need in the long run. The features available in each model are also important to ensure that your machine will perform in the best possible way. Lastly, you would want to ensure that your machine will perform to your standards.
The next and most important step is to decide how much you’d be putting into the heavy equipment. A good lender offering equipment financing services will go through all these steps with you.
You would like to choose a financing plan that comes with reasonable interest rates and offers you the requisite flexibility. Will you be paying any fee for paying off before your due date? What all options you have for paying off heavy equipment finance? You should also check their level of service. Avoid institutions that do not answer all your questions or concerns.
What Heavy Equipment Financing Options We Offer ?
Heavy-Duty Equipment Financing
Financing heavy-duty equipment like crane, backhoe, crusher, bulldozer, etc. is important in construction business. In fact, the success of construction companies depends heavily on different types of heavy equipment. However, most of this equipment carry a hefty price tag. Therefore, most of the companies look for financing heavy equipment they are interested in buying.
We are here to help you.
Construction Equipment Financing
Having trouble getting construction financing from a bank or a traditional lender? In the construction business sometimes you need quick access to working capital and do not have the time to go through the loan process at a bank.
We offer a quicker alternative to a traditional business loan with a quick approval process putting cash in your business account within 48 hours.
Forestry Equipment Financing
The lumber business can be an expensive one to get into. Most of the equipment can be extremely expensive, usually in the hundreds of thousands of dollars, even used. This means that someone interested in getting into the business needs to help finding forestry equipment financing to buy the equipment in order to get a proper start. Fortunately, there are a number of ways to finance that initial purchase.
We will find the best option for you.
Industrial Equipment Financing
Industrial equipment financing can eliminate high costs up front, while still providing the necessary equipment that is needed for company operations. Loans are often the best way to go about industrial equipment financing. In order to prevent defaulting on the loan, a down payment and some type of collateral is often required. The largest benefit of using loans to finance equipment is that at the business has full ownership of the industrial equipment at the end of the terms.
Machine Tool Financing
If you are in need of machine tool financing then WG Prime is going to be the right fit for your business. We understand that growth is only possible with expansion, and we are committed to offering you the financing that you need to make growth a reality regardless of whether you are a small company or a large business. After all, every business starts out small and reaches for the stars because corporations are not built overnight.
Why WG Prime?
The major benefit of working with WG Prime is that we offer the best alternative to traditional business loans with special loans designed to help those who need a heavy equipment financing.
We do not require any collateral in most cases and streamline the application process to make it possible to receive approval in as little as 48 hours or less. Therefore, if you have a great machine purchase on hold, you can rest assured that you will receive your equipment financing in proper time to secure the deal.
Another great perk of working with WG Prime is the fact that we do understand that small businesses sometimes have a rough start, and for this very reason average or even bad credit in some cases is acceptable. Credit will not hold you back from getting the financing that you need to bounce back and build a sustainable business.
The application process is so simple, because unlike other financing companies, WG Prime actively looks for ways to approve your application instead of searching for ways to deny it.
In addition, in order to get your equipment financing you will not have to submit a business plan or be stuck to impractical repayment terms.
WG Prime is completely flexible and willing to build a repayment plan that actually makes sense for your business. If you need financing, apply today and experience the joy of having the money you need for growth in your hands in just a few days.