Equipment Leasing and Loan Options from Norris Commercial Capital
Access to the machines you need to do your work is one of the most important fundamental steps to establishing your business. That’s why it can be aggravating to learn that many lenders will not consider applicants for loans until they have been in business for at least two years. At Norris Commercial Capital, we have put together a startup program to help new businesses, as well as a number of other equipment financing programs that ensure you have access to the funding you need for new equipment no matter how new or how established your company happens to be.
Equipment Financing Tiers
Generally speaking, all of our equipment financing products are grouped by price tiers, whether they are loans or equipment leasing arrangements. Those tiers work like this:
- Up to $150,000 is available with just an application
- $150,000 to $500,000 is available with full disclosures
- Over $500,000 is made available for clients with qualifying incomes
Regardless of the price tag, all of our equipment funding deals come with terms up to 84 months and flexible repayment structures that allow you to make sure you have the right repayment structure for your business cycle.
If you are looking for a way to access working capital that doesn’t involve taking on a lot of new debt, equipment leasebacks can provide you with the funds you need. They work by selling off older pieces of equipment you own outright to investors who are willing to lease you the equipment for use. That way, you can keep making money with it for as long as you need. This is a great way to add new machines or invest in other ways to grow because it lets you access the equity in your existing assets.
For more information about our equipment financing and leasing programs, contact us today. Our associates are happy to help with an application, too.
Tennessee is the 16th biggest state in the U.S. and is home to some of great cities like Nashville and Memphis. Tennessee has received an influx of people relocating from California, Florida, and several northern states because of the low cost of living, and the booming auto and healthcare industries. Nashville is one of the fastest-growing areas in the U.S. due in part to these factors. As of 2012, Tennessee was only 1 of 8 states that could report an asset surplus. Many major corporations call Nashville, Knoxville, or Chattanooga home such as Regal Entertainment Group, Fedex, and Autozone. Tourism has also made it a top 10 destination. Norris Commercial Capital is happy to assist Nashville, Knoxville, Memphis, the rest of Tennessee, and the U.S. with our commercial finance products. Contact us today at 865-585-0304.