Equipment Financing

What is Equipment Leasing?

By leasing equipment, you can purchase new equipment, refinance old equipment, and use your unencumbered equipment to obtain working capital. With leasing, your company doesn’t have to use daily cash flow with a large purchase and can better manage revenue. Regardless of the industry, there are companies that will finance hardware, earth-moving equipment, manufacturing equipment, technology equipment, transportation equipment, and other options. Many businesses prefer leasing over buying due to its cash flow advantages, tax deductibility, flexibility, and efficiency.

How does Equipment Leasing work?

1. Choose the equipment you want and provide invoices from the vendor, making sure to include all shipping, installation, and setup fees.
2. Fill out a simple lease application with Vanrock Capital, specifying the term and type of lease you prefer.
3. After your lease is approved, Vanrock Capital will purchase the equipment and have it delivered and installed (if applicable) at a time specified by you.
4. You make fixed monthly payments for the term you have chosen, enjoying the benefits of the equipment as though you own it.
5. At the end of the lease, as written in the lease contract, you have a few options:
   1. Turn the equipment in and lease new equipment.
   2. Extend the lease or pay month-to-month to keep the same equipment.
   3. Purchase the equipment from Vanrock Capital at the price predetermined in the lease contract.