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Line of Credit

Equipment Financing

Putting a lien on equipment in order to obtain financing.

A fast funding option with affordable interest rates enabling your business to replace, upgrade, or purchase the equipment necessary to keep your venture operating smoothly. It can also serve as a type of asset-based financing, where the equipment itself is used to back up or secure the loan.

At Motor City Funding, we understand that having the right equipment is vital for most businesses' success. Our Equipment Financing solutions provide a comprehensive and tailored approach to help businesses acquire the equipment they need to flourish. Whether you're looking to upgrade your machinery, purchase new technology, or grow your equipment inventory, we've got you covered. With flexible terms, competitive rates, and a commitment to exceptional customer service, our financing options are designed to meet the unique requirements of each business. From application to approval, our team guides you through the financing process, making it efficient and stress-free. Partner with Motor City Funding for your equipment financing needs and take your business to new heights with state-of-the-art equipment and machinery.

Contact us to learn more

Call us now at (313) 612-8914 to speak to a loan specialist today.

Simple Equipment Financing for Business

1

How equipment financing works

  • A lien put on currently-owned equipment in order to obtain funds for any purpose

  • A lien put on equipment that you are looking to buy in order to obtain funds for its purchase

2

Rates are based on

 

  • The equipment’s age and condition

  • The equipment’s marketability (how easy it would be to sell)

  • Your credit

  • Your ability to pay back the loan

3

Required documents

  • Year to date bank statements and financials

  • Past two years tax return

  • Debt schedule

  • Appraisals document for the equipment

4

Ask yourself

  • Do you have any valuable equipment?

  • What is the age and condition of the equipment?

  • Are you looking to buy any valuable equipment?

  • Is the equipment semi-liquid and market ready?

5

Good to know

  • Equipment financing is a fast and simple way to fund up to 100% of the value of the equipment

  • Use our equipment financing for business tax calculator to help identify your savings, first-year depreciation, and deductions.

Apply Now

Learn more about our equipment financing and loan options:

  • If you are an equipment dealer, vendor, or customer, contact us today to learn more about how our custom solutions can meet your needs.

  • Available for businesses of all sizes.

  • Leases with different payment plans can be set up to meet your cash flow needs. Options include:

    • Seasonal payments

    • Sale leasebacks

    • Vendor pre-funding

    • Step-down payments

    • Step-up payments

    • Deferred payments

  • Equipment financing may be available for the following industries:

    • Asphalt

    • Automotive / Transportation

    • Computers / Software

    • Construction / Trucking

    • Industrial / Machine tools

    • Logging / Forestry

    • Mining

    • Printing / Publishing

    • Rental / Vocational

    • Manufacturing / Welding

    • Packaging

    • Waste Management

    • Material Handling

    • More questions?

 

  • More questions? Visit our FAQ’s page for additional information.

What our clients are saying about our solutions

Our Financial Solutions and Business Services support our clients as they stay competitive and grow to keep our nation’s economy alive.

Image by Jason Leung

Proud owner of a restaurant in California and was seeking capital to open a second location. My specialist at Motor City Funding Funding got me the exact dollar amount I needed to open, including renovation and equipment costs.

Harry R

Restaurant Owner

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15 financing options and small business products

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Unsecured funding up to $2,000,000

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