Equipment Finance,
Done Fast.
The simple, cost-effective way to finance your next equipment purchase.
- No hard inquiries
- Payments in minutes, funding as soon as today
- Bank rates without the bank headaches
- Single point of contact
GET PAYMENT OPTIONS
Complete our easy and secure online application to receive your payments, rates and terms today.
(will NOT affect your credit).
HOW WE COMPARE
The closer you look, the more we make sense.
Discover why equipment financing with UCC is the preferred choice for many business owners.
|
Cash | Bank | |
|---|---|---|---|
| Approval Timing | As few as 15 minutes | N/A, full payment due at date of purchase | 1 to 3 weeks |
| Soft Costs | All costs covered including shipping, installation and taxes | All cost paid out of pocket at date of purchase | Not covered, must be paid out of pocket |
| Budgeting | Fixed payment schedule, keep your cash on hand | Cash tied up in fixed asset, cannot be used for other business purposes | Variable rates tied to floating indexes |
| Restrictions | No age restrictions, private sales OK | Marketing or hiring plans may be delayed due to lack of cash | Equipment can be no older than 5 years, no private sales |
| Covenants | Asset specific lien, free use of equipment without being bothered | Key financial ratios may be negatively impacted affecting current credit lines or future borrowing ability | Minimum bank balances to be maintained, annual financial review, loan can be called in at any time, blanket UCC-1 filing |
