Equipment financing

searcher profile

January 02, 2024

by a searcher in Chicago, IL, USA

I'm looking to connect with a lender who provides financing using equipment as collateral. I have a business with approximately $10mm in appraised equipment that I am looking to loan against. Does anyone have any experience in working with lenders who specialize in lending against inventory and equipment?

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commentor profile
Reply by a searcher
from Southwestern University in Houston, TX, USA
You're looking for an asset-based lender that specializes in the equipment that you're looking to fund. I wouldn't recommend using a loan broker for this.

Best referrals are local and related. Check with your bank to see who they would recommend. Same for the bank that the seller is using. They all have connections into this world and one that is connected to either of your banks will make this an easier transaction.
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Reply by a searcher
in Rindge, NH 03461, USA
Does anyone know of an equipment lender that will do a 'Sale-Lease Back' arrangement where existing/owned equipment that is currently owned by the company is 'sold' to the lender, then leased back to the company? Can be used to fee up significant cash for many purposes. I have a lender who will do this with commercial real estate, but need one for equipment.
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