What equipment financing does
Equipment financing lets a business acquire the asset now and pay for it over time from the work the asset makes possible. The question to settle before applying is simple: does this piece of equipment earn its payment? We fund $25,000 to $5,000,000, with funding in as little as 24 hours once the file is complete.
The Ontario setting
According to Wikipedia, Ontario is in southwestern San Bernardino County, home to Ontario International Airport, and it has a long agricultural past: a health-resort reputation in its early years, then citrus, olive and vineyard plantings, and the Graber Olive House, still producing olives and designated a city historical landmark. Dairy farming continues in neighboring Chino.
Today a good deal of local work is about handling things: loading, storing, trucking, repairing. Each of those trades turns on a few assets.
Three buyers, three equations
| Buyer | Likely purchase | What decides it |
|---|---|---|
| Warehouse or packing business | Forklifts, racking, labeling equipment | Does extra throughput bring in new work, or only replace aging gear? |
| Auto, body or fabrication shop | Lifts, welders, diagnostic or cutting tools | How many more jobs per week the tool allows |
| Food business or small processor | Ovens, coolers, packaging machine | Whether sales already exceed what the old equipment can produce |
For illustration only: if a $45,000 machine lets a shop finish three more jobs a week at $400 of margin each, the machine adds about $1,200 of weekly margin before its payment. These are round example numbers, not our terms.
Before you apply
- Get a written quote so the amount is concrete.
- Decide whether the asset replaces or adds capacity.
- Gather about three months of business bank statements; no tax returns are required.
If the real need is parts and fuel rather than the asset itself, a line of credit may fit better; for a general cushion see working capital. Regional pages: Inland Empire and San Bernardino County.
Keeping the downtime out of the plan
The real cost of a worn-out machine is the work you cannot take while it is down. Before applying, list the jobs or orders you turned away or delayed in the last quarter because of equipment. That list is the easiest way to show the purchase pays for itself, and it keeps the conversation about revenue rather than the asset.
If delivery is weeks away, note that on the application too, so the timing of funding and delivery lines up.
The application
The application takes about 5 minutes with a soft credit pull. We consider FICO 500 and above and sole proprietors can apply. Apply here and include the quote.