For many businesses, heavy equipment is not a luxury but a necessity. However, this does not alter the fact that such equipment — especially equipment of the highest quality — is seriously expensive. If you are expanding your business, just starting out and looking to purchase a range of high-quality machines, or are replacing your outdated equipment, it can be a very costly process indeed.
This is where heavy equipment funding, like that offered by the team here at SharpShooter Funding, can make a difference for businesses who might otherwise be struggling. Read on to learn more about this funding and how to go about achieving the capital you need.
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We offer a range of different financing options for those in search of capital. However, for our specific heavy equipment funding — which is usually the best option for you if you need to purchase heavy machinery — there are a few additional things we may need.
You will need to bring any credit card receipts you have from the last few months of transactions. This will be used to define the amount of funding we are able to offer you. You will also need to bring all the relevant details for the pieces of machinery you are seeking to purchase, as well as information on how these pieces of equipment will increase your revenue and drive your business’s profitability.
These three things are usually sufficient to help you achieve the funding you need. The proof we need to back up your application amounts to far less than a mainstream provider would ask you for. Also, we offer better approval rates and more flexible terms of funding and repayment than these lenders do. This is because we are committed to supporting the needs of small, medium, and growing businesses across Canada.
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You will need to do some research on the equipment you need to purchase before you submit your application. This is because we may need to offer you a certain type of funding depending on the type of equipment you want to buy. Take a look at the different brands and equipment types on the market.
Remember to research equipment safety ratings, as well as the maintenance schedule required for each unit. Look at reviews and user reports so you can learn more about the levels of performance offered by each model.
Once you know a bit more about the different types of equipment you will need, you can decide how much funding you will require. Our team can work with you to define the ideal funding package for your needs.
Maybe you need to secure working capital while you upgrade your fleet of machines. Perhaps you need to invest in expanding your capacity ahead of onboarding new clients and taking new orders. Or it could be you simply need to improve performance by maintaining and upgrading your old machines. Whatever it is you need, SharpShooter Funding is the right choice.
We offer various kinds of funding for your business when you come to purchase heavy equipment. Take a look below to learn more.
Equipment such as cranes, crushers, backhoes, or anything else that would be considered heavy-duty can be expensive. SharpShooter Funding® can help you achieve the capital you need.
Mainstream funders may not always be too keen on providing capital to construction businesses. This is because they may not be equipped to understand the needs of your business. This is where SharpShooter Funding® is different — we work with you to understand your needs.
There are many overheads involved in running a lumber business or another company in this industry. As a result, funding for forestry equipment is crucial. The SSF team can make sure you have the funds in your account sooner rather than later, often within a few days.
For heavy industry, equipment is one of the greatest costs. SharpShooter Funding® offers options such as cash advances to help you go through with the purchase, as well as secured funding with a down payment and collateral. This down payment and collateral will typically be lower than the requirement of mainstream lenders.
We are proud to provide businesses with the funding they need to make necessary machine tool purchases. Our personalized service makes it easier for you to find exactly what you need.
We are committed to offering the very best alternative to traditional business funding. This means providing heavy equipment funding that our clients can rely on.
We ensure this by getting to know you and your needs, by delivering approvals and cash quickly and without delay, and by making the whole process as straightforward and simple as possible.
Reach out to our team today to learn more or submit your application online to get started.