Providing equipment and working capital loans to the business community as well as special projects such as bad credit loans and LED lighting retrofit programs.
BUSINES EQUIPMENT
WORKING CAPITAL
LED LIGHT PROGRAM
General Equipment Capital is proud to announce its' expansion into financing LED Retrofit Lighting Programs. Enormous Savings when replacing High Watt Bulbs Savings up to 80% on electrical use can be realized by replacing high wattage use bulbs with LED bulbs. Huge savings also realized by the much longer life of the LED light bulbs compared to older technology incandescent, halogens, and others. Positive cash flow from day one because energy savings will be GREATER than our LED LIGHT FINANCING PROGRAMS payment.
Dr. Chips explains why LED lighting technology is so important
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LED LIGHT FINANCING PROGRAMS
General Equipment Capital has expanded our already diverse programs to include LED Light retrofit projects. We know that the prospects in this industry are huge with 70% of all building owners and muncipalities planning to change over to LED lighting sometime in the near future. Why are business's changing? Simple, the energy savings with LED lights are huge. As much as 85% of energy use reduction is possible with this technology, and the lights pay for themselves with our program. Positive cash flow can be realised from day one.
LED LIGHT RETROFIT PROGRAM HIGHLIGHTS
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Business Equipment Programs
Being a full service equipment finance company means that General Equipment Capital finances any type of business use equipment. We finance business equipment, construction equipment, office equipment, transportation equipment, cranes, fork lift trucks, church equipment, fitness equipment, restaurant equipment, to name a few.
Terms will generally range from 24 to 60 months with some equipment types qualifying for a longer term up to 10 years. Rates will always depend upon the company's financial strength, time in business and credit history. However, we do have programs for new (start up) companies as well as companies that have had credit problems in the past.
We have listed on this page some (but not all) equipment types that we finance.
Lease credit doc.pdf
Working Capital Loans
Based on the consistency and diversity of your revenues.
For businesses with a consistent daily revenue stream, we offer quick access to working capital loans and high approval rates. Our process is simple, easy and without the hassle of traditional bank loans.
Challenged Credit isn't a Challenge!
While traditional lenders may decline businesses for a less-than-perfect credit score, we believe small businesses with a consistent daily revenue stream have untapped borrowing potential. We can help companies, which may have been considered too risky by traditional lenders qualify for $200,000 by extending business credit loans based on their ability to pay versus a score which may be more reflective of the current economic environment, rather than the value of their business.
The loan may be used to:
• Expand your business
• Purchase inventory
• Upgrade equipment
• Manage seasonality
• Remodel your facility
• Meet payroll
Working Capital Loan advantages:
• Flexibility in terms based business type
and revenue flow
• No hidden fees or late fees
• Significantly lower rates than typical cash
advance programs
• Fixed payments
• Helps to build personal and business credit
If your business has at least $200,000 in annual revenues and has a consistent and diverse stream of revenues, a working capital loan may be a good alternative for your financing needs.
Get a free 2 minute quote • $10,000 - $200,000 • 6 - 24 months
Small Business Financing
• $300 billion annually - 8 million applicants
• 75% of small businesses are declined for commercial loans
• 30-40% of small businesses are funded through home equity, an increasingly difficult option to tap
in the current market conditions
• Unsecured, revenue based loans are replacing traditional bank and home equity financing
Fair Market Value - End of lease term you elect to purchase for the FMV of the equipment or 10% whichever is greater or continue to lease for an additional 12 months.
Dollar Buy Out - Payment is generally higher but you own the equipment at the end of the term for $1.00
Ten Percent Purchase - End of lease term is a guaranteed payment of 10% of the original equipment cost.
