Equipment Leasing & Financing

Equipment leasing and financing enables you to acquire the equipment your business needs without using up your working capital or business credit lines. Access Commercial Capital finances a wide range of equipment in a wide range of industries. From furniture to computers, to software, printers, copy machines and more in the transportation, automotive, health care, and manufacturing industries — just to name a few. Let ACC help address your equipment needs and arrange financing you can afford.

ACC’s equipment leasing and financing program is an ideal solution for businesses looking to secure financing up to $500,000 for any non-titled asset.  Generally, rates range from the mid-single digits through the teens.

Term lengths are often determined by the requested financing amount, the industry and marketability risk of the collateral, and range from 24 months to 60 months.

You should expect total out-of-pocket inception expenses between 5% for great credits, and 20% for difficult credits.

Credit Guidelines:

  • Transactions from $25,000 to $500,000
  • Minimum time-in-business of two years
  • Personal Guarantor required
  • No bankruptcies or major derogatoriness such as a repossession, foreclosure or open lien

Credit Package Requirements:

Below is a list of what is typically required. At a minimum we need the first three items, but often need the other items listed, especially for transactions just meeting the minimum credit requirements or over $75,000.

  • Signed credit application including credit authorization from each guarantor
  • Last three months bank statements
  • Equipment quote or invoice including price, specifications and VINs if possible

Often needed:

  • Last two years business tax returns
  • Last two years and current YTD financial statements
  • Last two years personal tax returns
  • Complete, proper, legible and signed personal financial statement for each guarantor
  • Proof of time-in-business for sole-proprietorship