While the exact terms of your financing agreement will depend on factors such as the equipment type and your business’s specific financial profile, most terms typically range between four and six years. Throughout this period, you will make predictable monthly payments to cover the principal and a fixed interest rate.

The Benefits of an Equipment Finance Agreement

At LMC Alternative Business Capital, an Equipment Finance Agreement (EFA) offers distinct advantages over traditional long-term loans or outright cash purchases. While your financing strategy should always align with your unique business goals, key benefits of securing an EFA include:

• Tax Advantages: Financing can help reduce your tax liability and may qualify as an operating lease for tax reporting purposes under Section 179.
• Flexibility: LMC Alternative Business Capital proudly offers customized payment structures designed to align seamlessly with your industry’s specific cash flow cycles.
• Cash Flow Preservation: Secure the tools you need to grow without depleting your valuable cash reserves to cover the full upfront cost of new equipment.
• Speed and Efficiency: The EFA application and approval process is highly streamlined and significantly faster than securing a traditional simple interest loan.
• Immediate Ownership Benefits: Gain instant access to essential assets before completing full payment, immediately creating financial leverage and operational value for your business.