What is commercial equipment financing?

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Every manager seeks to create efficiencies and strengths in their business. When it comes to finances, you need to adopt the proper measures to boost cash flow. In order to achieve this strength, more than 60% of US companies use financing to purchase their commercial equipment. Where do you go and how does commercial equipment financing work?

Step 1: Submit your company’s financial information along with the quotation for the commercial equipment you wish to purchase.

Step 2: Receive information about the terms and conditions (if your application is approved).

  • Financing terms (installments)
  • Interest rate
  • Down payment
  • Fees applied
  • Etc.

Step 3: Sign the financing agreement and submit a certificate of insurance to cover the value of the equipment.

Step 4: The financial institution pays the equipment vendor and coordinates its delivery so you can start using it.

Step 5: Once you have satisfactorily completed the scheduled payments, the financial institution releases the lien on the equipment.

At CEFI, our mission is to provide commercial equipment financing that promotes the financial strength and success of your business.

If you wish to learn more, call us at (787) 694-7071 or email us at info@cefipr.com.

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