A city that runs on equipment
Los Angeles covers about 498.3 square miles and is the largest city in the Western United States, according to Wikipedia. The article describes a diverse economy with a broad range of industries and calls Los Angeles the oldest and one of the largest hubs of film and television production. Oil's discovery in the 1890s brought rapid growth. Across industries, businesses depend on equipment that costs a lot and earns over years: cameras and lighting, ovens and walk-in coolers, sewing and printing machines, dental and medical devices, delivery vehicles.
Why finance rather than pay cash
Paying cash for a large machine takes working capital out of the business at the moment it is needed to use the machine: for staff, materials and rent. Financing spreads the cost, so a purchase can pay for itself from the work it makes possible. Terms and cost depend on the offer, and we do not publish them here.
Which asset, which question
| Business | Equipment | The question to ask |
|---|---|---|
| Neighborhood restaurant | Hood, range, walk-in | Will added covers pay for it within the machine's life? |
| Production vendor | Camera, lighting, grip | Does a booked project justify the purchase, or is a rental cheaper? |
| Print or garment shop | Press, cutter, heat transfer | Is there contract volume that fills the machine? |
| Clinic or lab | Diagnostic or treatment device | How many appointments or tests per month cover the payment? |
Hidden costs to price in
The sticker price is rarely the whole cost. Equipment often needs installation, electrical or ventilation work, permits, insurance and training, and some of it needs a service contract. A commercial kitchen hood, for instance, can require work on the building before it can be used. Ask the vendor for an all-in figure, and size the amount you request to that figure rather than to the price of the machine. Otherwise the payment starts before the machine does.
Buy, rent or finance
For illustration only: a production rental house pays $1,800 a month to rent a camera package that costs $36,000 to own. Renting for two years costs $43,200. Owning, if financed with a payment below that and a useful life beyond two years, can come out ahead, but only if the package is booked often enough. If it sits idle half the year, renting wins. Example numbers, not our terms.
What we ask for
Requests run from $25,000 to $5,000,000. About three months of business bank statements and a 5-minute application. FICO 500 and above considered, no tax returns, soft credit pull. Funding can arrive in as little as 24 hours after approval. Sole proprietors can apply. For operating cash around a purchase, see working capital; for a defined expansion, term loans. Trucking-related businesses can read trucking funding for the cash-flow picture, though funding for any particular business is not assured. Apply here.