Commercial Equipment Financing

How Charter Capital Gives You a Financing Advantage

We understand that the world of commercial equipment financing can be confusing. With decades of experience, we’re here to simplify the process and find you a tailored solution.

Here are just a few ways that Charter Capital unlocks financing opportunities for your business:

1. Access to Our Wide Network of Lenders

You shouldn’t feel trapped or locked into one financing option. If you want to explore multiple sources of commercial equipment lending, you’re in luck. Our extensive network of commercial lenders is diverse and widespread. Charter Capital has direct relationships with commercial banks and commercial financing companies across the country.

Plus, we’re part of the only US commercial finance cooperative, One World Business Finance. This partnership allows us to maintain relationships with over 4,000 independent community banks and multiple commercial finance companies. With so many connections, Charter can unearth the right financing option for your business.

2. Lease and Loan Options

Whether you want to finance or lease commercial equipment, Charter offers suitable options for your business. We place commercial leases and loans for you that are intelligently structured and competitively priced. Find leases and loans ranging from $25,000 to $1,000,000 with the help of our financing professionals.

If you’re having trouble deciding whether to obtain a lease or a loan, talk to the Charter Capital team. We’ll examine your financial situation and provide you with our recommendations. These recommendations are based on the analysis of your unique situation and our decades of experience.

3. In-Depth Knowledge of the Industry

Working with a knowledgeable financing professional can make all the difference in your search for commercial equipment financing. Because equipment loans and leases are one of our primary products, we are well-versed in the commercial equipment financing industry.

This knowledge allows us to uncover financing options for you and to advise you throughout the process. If you’re unsure about financial terminology, want to know about typical rates and how your terms compare or need advice deciding between financing options, we’re here to help. Charter Capital works for you, not the finance companies or equipment vendors. Our customers notice and appreciate this approach. We believe you will too.

Finding Commercial Equipment Financing with Bad Credit

You need equipment to grow your business and you don’t have time to build your credit. You’re not alone. Many small businesses face credit struggles which disqualify them for loans from many traditional banks.

Fortunately, there are commercial equipment financing options for those with low credit scores. Keep these tips in mind when searching for commercial equipment financing with bad credit:

Be wary of lender guarantees. While obtaining equipment financing with bad credit is possible, it requires persistence and caution. If a lender says that they can guarantee a loan, no matter your credit score, avoid doing business with them. Predatory commercial equipment lending businesses will try to take advantage of business owners. Be sure to research any lender and ask these 8 equipment financing questions to understand their policies more.

Compile a solid business plan. A lender will examine your business’s financial viability using other metrics in addition to your credit score. Compose a detailed financial report, including a revenue forecast to showcase growth potential. Be able to demonstrate how the loan will move the needle for your business and its ROI. If you or your business partner have experience in the industry, share this with the lender. This can help increase your chances of loan approval.

Get creative with financing options. Who says you have to go the traditional financing route? If bad credit is holding you back, carve out an alternative path for your business. Examine your customer model to determine whether you can incentivize upfront or early payment to increase cash flow. Browse loan options from modern online lending services that have different approval criteria than banks. Check out these 13 creative financing tips for more ideas.