Equipment Financing
What Is An Equipment Financing?
For small companies, term loans provide a simple, affordable lending option. If anyone thinks, in the general sense, of a business loan, they’ll usually think of a conventional term loan. A conventional company term loan is a lump amount of money that, at a fixed interest rate, you pay back with daily repayments. The fixed period of repayment would usually be one to five years long.
The proceeds of term loans are used by most company owners to fund a particular, one-time project for their small business. In comparison, conventional term loans are flexible, and firms often use them to suit a range of needs.
Equipment Financing Is Ideal For:
- Businesses looking to grow without the hassle of a drawn-out application process at a traditional lender like a bank
- Businesses investing in new marketing strategies to fuel growth and drive revenue
- Businesses planning an expansion or hoping to capitalize on a new opportunity
- Businesses requiring new or additional inventory for an upcoming promotion, the holiday season, or other large volume advance purchases
- Businesses needing fast capital in 24 hours
Who Can Benefit from Equipment Financing?
EFs Can Help Businesses In Most Industries, Including:
Restaurant Industry
Fast food, casual dining, fine dining, coffee shops, & more.
Construction Companies
Contractors, electricians, plumbers, specialty tradespeople, & more.
Medical Practices
Surgeons, psychiatrists, dermatologists, veterinarians, and all specialties.
Retailers
Convenience stores, salons & spas, clothing stores, specialty stores, & more.
Manufacturers
Metal manufacturing & machinery, food production, electronics, & more.
Business Services
Advertising, maintenance, equipment rental, computer programming, & more.
Will Your Business Qualify?
Approval for business funding from Thor Capital Group isn’t based on your credit score alone. Instead, we focus on the overall health of your business. Here are some factors we consider:
- Business revenue
- Cash flow
- Vendor payment history
- Years in business
- Public records
Why Get Funded By Thor Capital Group?
Opportunities to expand or take on new projects come and go quickly, but applying for funding from a traditional lender can take months with no guarantee of approval. With Thor Capital Group faster, streamlined application process, we can approve your construction company loan in as little as 24 hours.
Our application requirements are lower than traditional lenders, but we always have your best interest at heart. We are proud to provide responsible construction company funding—we’ll never over-leverage your business by giving you more capital than you can manage, and our Funding Advisors will be beside you every step of the way.
Business Funding Q&A
Q: What type of business qualifies for a merchant cash advance?
A: Any business that accepts credit and debit card payments may benefit from a merchant cash advance, regardless of industry. Our team of knowledgeable Funding Advisors will work with you to assess your eligibility.
Q: How do I qualify for a merchant cash advance?
A: Every business is unique. It’s always best to speak with one of our Funding Advisors to review your circumstances and assess your eligibility. In general, we look for consistent revenue with minimum monthly receipts of $7,500 or more, and 6+ months in business. We know that credit scores don’t tell the whole story, so we also consider the overall growth potential of your business.
Q: What is the interest rate on a merchant cash advance?
A: A merchant cash advance does not have an interest rate because it is not technically a loan. An MCA is an advance against future sales. The cost of the advance is called a “factor rate”, and it varies based on each business.
Q; Why should I consider an alternative lender for my business?
A: Most traditional banks consider construction companies high-risk and will not fund them. As an alternative lender, we have different approval requirements, and can approve funding for “high risk” industries. We can provide you with the funds you need to cover project expenses, labor, materials and more, often in less than 24 hours.
Are You Ready To Have Thor Capital Group Get You The Funding Your Business Needs?
Contact Us
TESTIMONIALS
What Our Customers Are Saying
My experience with Thor Capital Group was pleasant beautiful!!, Daniel Wilson handled our loan extremely professional. Daniel was able to successfully completed our loan without any problems. We have no words to describe his advise and consultation work his done with my business Bezvalley Pest Control. Everything was so much streamlined and smooth it was just mind boggling to sit back and see how Daniel handled all our paperwork accurately from start to finish without any mistakes. We highly recommend Daniel Wilson and his company for any financial needs you might have , we give them 8-stars. THANK YOU DANIEL!!!!!
Such an outstanding company, got me over $300k on total, great payback options, so appreciative.
Very professional, excellent customer service. Ray is the best person I have ever dealt with. Very honest, does what he says he will do. I recommend this company for all your financial needs. Ray is the best but I'm sure you will get the same excellent care from others there in the company. If it can be done they will do it, if it can't be they will be honest and tell you it can't be done. Best company I have ever dealt with in the many many years I have been in business. Took care of us like we were family. Thank you Ray so much for what you have done for us!
Clemy helped me get capital to expand my shipping business when my bank, Bank of America, couldn't. Great guy, great company! Highly recommended.
Fantastic service and professionalism had a bad experience with other companies and they really got to work and have me the best interest rates. Thank you! Would highly recommend
