Top 8 Best Equipment Leasing

Looking for Equipment Leasing? We have made a list from the very best choice. Go ahead and find out their features.

Advertisement

Equipment leasing is a financial agreement between a lessor and a lessee, whereby the lessor provides the lessee with the use of equipment for a specified period of time in exchange for periodic payments. It is a cost-effective way for businesses to acquire the equipment they need without having to purchase it outright. The lessee is responsible for the maintenance and upkeep of the equipment, and the lessor retains ownership of the equipment throughout the lease period. At the end of the lease, the lessee may choose to purchase the equipment, return it to the lessor, or renew the lease. Equipment leasing can be a great way for businesses to acquire the equipment they need without having to make a large upfront investment.
  • Lease Corporation of America
    Lease Corporation of America

    Lease Corporation of America - Leasecorp.com: Leasing made easy.

  • National Funding
    National Funding

    National Funding - Nationalfunding.com provides small business loans.

  • LeaseQ
    LeaseQ

    LeaseQ - Leaseq.com: Leasing made easy.

  • Advertisement

  • Apple Capital Group
    Apple Capital Group

    Apple Capital Group - AppleCapitalGroup.com provides financial services.

  • Balboa Capital
    Balboa Capital

    Balboa Capital - Balboacapital.com: Investing made easy.

  • Crest Capital
    Crest Capital

    Crest Capital - CrestCapital: Financing Solutions for Businesses.

  • TimePayment
    TimePayment

    TimePayment - Timepayment.com: Flexible financing solutions.

  • US Business Funding
    US Business Funding

    US Business Funding - Funding solutions for businesses.

Top 10 Sites for the Equipment Leasing

1.

Lease Corporation of America

less
Lease Corporation of America (LCA) is a commercial equipment financing company that specializes in providing competitive and creative finance programs for equipment suppliers and their customers. With over 33 years of experience, LCA has partnered with thousands of resellers, distributors, and manufacturers to offer financing options for businesses in various industries. They aim to help businesses acquire the necessary equipment they need to compete and become more efficient while conserving cash. LCA has funded over 100,000 transactions totaling over $1.7 billion in equipment. They have a tenured management team and are located in Troy, MI. LCA offers financing solutions for industries such as test & measurement, transportation, wireless technology, food & beverage, manufacturing, and more. They provide same-day approval and next-day funding for equipment financing up to $150,000.

2.

National Funding

less
National Funding is a company that provides financing solutions for small businesses. They offer fast approval for small business loans and a simple application process, with lending solutions tailored to specific needs. National Funding has provided over $4.5 billion in funding to more than 75,000 businesses nationwide. They are committed to providing scalable and sustainable financing to help small businesses succeed. The company offers small business loans and equipment financing, and entrepreneurs can receive personal service and customized options to help them reach their business goals.

3.

LeaseQ

less
LeaseQ is a company that provides equipment leasing and financing services. They offer instant financing quotes from leading finance companies and provide a fast and safe way to lease equipment from the company of your choice. LeaseQ has identified hundreds of the leading finance companies in over 25 equipment market segments and is adding new financing companies daily. They make equipment leasing and financing easy and quick, and it only takes two minutes to lease commercial equipment from the leading equipment finance companies in North America with the LeaseQ instant equipment lease quote engine. LeaseQ also helps businesses find the best commercial equipment and equipment financing available to stay competitive, operate efficiently, and deliver high-quality products and services. Customers can go online, email, or call LeaseQ for the best, fastest, and safest way to shop for competitive equipment leasing and financing.

4.

Apple Capital Group

less
Apple Capital Group, Inc. is an equipment financing company that provides financing and leasing solutions for small businesses. They offer equipment financing programs starting at $10,000 and up, and aim to help small businesses grow by providing them with the financing they need. The company was formed out of a relationship with a private equity firm nearly 15 years ago. Apple Capital Group, Inc. understands small businesses and provides first-class guidance and knowledge on how to deliver the financing needed. They also offer advice on how to establish and improve business credit. If you have any questions regarding equipment financing and leasing, you can contact them at 866-611-7457.

5.

Balboa Capital

less
Balboa Capital is a top-rated business lender that provides fast and easy funding to qualified business owners. It is a division of Ameris Bank and offers several small business funding options, including short-term loans, equipment financing, and SBA loans, among others. Balboa Capital is known for its robust equipment financing program, flexible qualification requirements, and streamlined application process. The lender does not disclose pricing information on its website, so borrowers will need to work with Balboa directly to compare its costs with those of other lenders. Balboa Capital has helped tens of thousands of businesses access growth capital with instant credit decisions and same-day funding. In December 2021, Ameris Bank acquired Balboa Capital, which will provide Balboa Capital even more financial resources to broaden its support for small businesses around the country. Balboa Capital is a top choice for heavy machinery financing, offering up to $500,000 in equipment funding with repayment terms from 24 to 60 months.

6.

Crest Capital

less
Crest Capital is a national lender that specializes in providing equipment financing and leasing to small and medium-sized businesses. The company was founded in 1989 and is based in Atlanta, Georgia. Crest Capital offers financing for a variety of equipment, including vehicles, furniture, and software. The company has a simple online application process, fast approvals, and excellent customer service. Crest Capital provides financing for transactions ranging from $5,000 to $500,000 and up, with competitive rates and terms that vary based on the business's qualifications, funding needs, and collateral, among other factors. The company offers different lease options, including a $1 purchase agreement, fixed monthly payments, and customized payment structures. To qualify for equipment leasing from Crest Capital, it is helpful to have at least two years in business and good credit.

7.

TimePayment

less
TimePayment is a Boston-based FinTech company that specializes in providing financing solutions for businesses, particularly in the area of commercial equipment leasing. They offer custom financing programs that allow businesses to turn equipment purchases into affordable monthly installments, making it easier for customers to make large purchases without the need for upfront cash payments. TimePayment serves businesses of all sizes and strengths, including startups, and aims to help customers who may be turned away by traditional financial institutions. Their industry-leading technology and credit scoring model streamline the application and approval process, allowing transactions to be completed in minutes. TimePayment also offers financing options for POS equipment and terminal leases, and provides funding for equipment sellers.

8.

US Business Funding

less
US Business Funding is a financing company that provides flexible financing options for small businesses. They offer business financing of up to $5 million with decisions made in under 24 hours and rates starting at 1.75% per month. They pride themselves on being leaders in small business growth funding and understand that timing is everything. They offer custom-tailored approvals specific to the business needs of their clients and provide funding within 24 hours of approval. US Business Funding is one of many financing companies that provide funding solutions for small businesses. Other companies include Sunrise Business Funding & Loans, Beacon Funding, Funding Circle, Kompass Funding, and Small Business Funding.

Frequently Asked Questions About Equipment Leasing

less What are the benefits of leasing equipment?

Leasing equipment can provide businesses with access to the latest technology without the need for a large upfront investment. It can also provide businesses with more flexibility in terms of budgeting and cash flow, as well as the ability to upgrade equipment more frequently. Additionally, leasing can help businesses avoid the costs associated with maintenance and repairs, as well as the costs associated with disposing of outdated equipment.

less What types of equipment can be leased?

Equipment that can be leased includes vehicles, machinery, computers, office furniture, and other business-related items. Leasing can also be used to acquire medical equipment, agricultural equipment, and construction equipment.

less What are the costs associated with leasing equipment?

The costs associated with leasing equipment can vary depending on the type of equipment being leased and the length of the lease. Generally, the costs associated with leasing equipment include the initial lease payment, any applicable taxes, and any additional fees such as maintenance or insurance. Additionally, the lessee may be responsible for any repairs or replacements that may be needed during the lease period.

Similar Topic You Might Be Interested In