Author: Regents Capital

The technology industry is constantly changing and evolving, especially now as many businesses are implementing remote and online protocols.

Equipment financing, though typically required for companies who rely on equipment and machinery, is becoming increasingly common for business technology and software needs.

Technology Equipment Financing Needs

Ensuring your employees have the technical equipment they need to perform their duties, even from home, is more important now than ever. This may include hardware such as laptops, phones, tablets, or printers, or it may include software to better protect your company data or run processes more efficiently.

Regents Capital works directly with you to ensure your business has the equipment financing solutions to obtain the technology and office equipment for your at-home and in-office daily operations.

Accounting software, CAD software, desktops, and laptops are some of the common equipment needs due to COVID-19. Regents is here to leverage the experience and expertise of our equipment financing specialists to custom tailor a solution for your business.

Regents Technology Equipment Financing Benefits

Regents offers competitive rates with finance structures that include 100% financing, tax advantages, and so much more. We can also be a complement to your banking group when you are approaching credit limits, avoiding blanket liens, or just want to diversify your risk.

Especially now, as many companies find themselves in need of large orders of technology equipment quickly, many for the first time. We are here to offer our assistance and long-standing experience. Even if this is the first time you have needed equipment financing for technology, we look forward to partnering with you.

How to Apply for Technology Equipment Financing with Probably

We offer Application-Only equipment financing for equipment and technology needs up to $250,000. Contact Regents to begin your process, speak with a financing expert, and receive the technology equipment financing or equipment line of credit you need to continue your operations without interruption.

Regents’ technology equipment leasing and financing gives you the ability to access both new and pre-owned equipment with no down payments or substantial initial costs. Additionally, with our many options including capital leases, true tax leases, TRAC leases, synthetic leases, and 100% reimbursement, we place virtually no limitations on the types of equipment you can obtain – regardless if it is software or hardware.

We accept variable payment options for your technology equipment financing, which makes initial purchase and repayment easier for you, without draining your working capital in these uncertain times.

Ultimately, each of our practices was put in place with you, our client, and your needs in mind.

Contact Regents to Learn About Your Technology Equipment Financing Options Today

Shifting to remote work is difficult enough without having hardware and software hurdles.

We understand that not every employee has the equipment they need in their home as they did in the office, which is why we offer and technology equipment financing solutions.

Contact Regents today for a comprehensive and confidential conversation with our team about the options available to you, timelines, repayment, and terms. We look forward to partnering with you and ensuring you have the technology equipment you need to continue to work, whether that be from home, the office, or both.

At Regents Capital, we want to be your top, trusted commercial finance company and partner; not just your provider. This is why we work alongside you to overcome whatever real-life financing hurdles you face when securing capital for your business equipment needs.

We have over 100 years of collective experience in commercial financing and have the expertise to turn your equipment financing realities into results. Our vast experience has allowed us to partner with clients of different sizes across countless industries, and we have established deep expertise in providing financing solutions tailored to their specific needs.

We have compiled 5 questions you should ask your potential commercial finance companies before you decide which is the right choice for your business and your equipment or working capital needs.

1. What is Your History in the Industry?

As you evaluate your financing options, you should consider working with a financing partner who has experience within your industry and the type of equipment your business requires.

What type of challenges have other clients in your industry had, and how has this finance company helped resolve them? Never leave something as important as your business financing to a company that doesn’t have the expertise or history to deliver solutions tailored to your specific needs.

This should be your first question for any potential commercial finance company. Essentially, you are asking why you should trust them with your business’ needs.

2. What is Your Average Loan Size?

Depending on the type of equipment need to acquire or opportunity that arises, your financing needs could potentially be quite large. There are commercial finance companies that specialize in certain financing products and may focus on specific transaction sizes. It is important to work with a lender who has the experience and capacity to provide financing solutions that satisfy your needs and business goals.

3. How Long Does Your Process Take?

Once you understand the company’s history and average loan size, it is important to ask about their timing, speed, and responsiveness. If an opportunity arises that requires a quick turnaround, understanding the full financing process and that your commercial finance company is able to meet your timelines is critical.

If the process matches your needs, then this finance company may be a potential fit; however, it’s important to learn about their customer care as well. Are they quick to respond to inquiries? Are they clear in instructions and structure?

A commercial finance company that provides exceptional customer service and a clear financing process is a good indicator that they may be a solid choice for a future partnership.

4. What Are Your Terms?

Finally, ask about terms, fees, and the application process. Are there any fees that were not mentioned earlier? What are the total costs, the length of the loan, and other variables?

Choose a commercial finance company that is transparent about its fees, process, and term length. Ask about application fees and what they cover, such as processing costs or site inspections. And though it may be tempting to use the lender with the lowest fee, finding a solution with the right terms and flexible structure are important to meeting your business goals.

5. What Makes You the Best Choice for My Commercial Finance Needs?

This final step is to decide between your top choices. What value do they offer, what benefits make them stand apart, and why should you give them your business instead of another commercial finance company?

Make sure they are able to articulate why they are the best choice for your business needs. Otherwise, you can take your financing needs elsewhere.

Contact Regents Capital – Your Trusted Commercial Finance Company!

Contact Regents Capital to see why we are your top choice for all your commercial financing needs. Learn more about our Equipment Line of Credit, Capital Leases for Equipment Lease Financing, True Tax Leases & Commercial Equipment Financing, Equipment Finance Agreements, TRAC Leases, Synthetic Leases, 100% Reimbursements, and Working Capital Loans.

So, your dream is to expand your business, and we at Regents think that’s a wonderful dream, especially as America is built on small business growth.

But that doesn’t mean that it’s easy – and unsurprisingly, one of the biggest hurdles is often business funding for your expansion. From renting additional office or retail space to buying more inventory and materials, hiring new staff, everything that’s a part of expanding your business requires funding.

Which is why we wanted to put together a list of ways you can fund your business expansion – because, though banks and rich relatives are options, they aren’t the only options.

Business Funding Through Personal Financing

Sometimes, you can expand your business with your own money. Though this isn’t always feasible, especially depending on the size of your operation and costs, personal financing has no interest or fees, which makes it a popular choice.

If you have savings, are willing to refinance your home, or take out a second mortgage, then business funding through your own personal financing is an option. However, there is a significant risk, which you alone shoulder. If you are hoping to avoid large fees and interest, then personal financing (or our next option) is a smart choice.

Business Funding from the Public (Crowdfunding)

Untraditional? Yes. But does it work? Sometimes.

There are some great crowdfunding sites that are popular with inventors, entrepreneurs, and, of course, the public (your funders). Kickstarter and GoFundMe are probably the most popular, but others are popping up as well, like Indiegogo, RocketHub, Fundable and Fundly.

And these aren’t just for startups like many believe, you can use these sites to crowdfund your business expansion as well!

Business Funding Venture Capitalists

Venture capitalists have money to invest, and want to invest in growing businesses that could boom and net them big returns. This means they are willing to be your business funding for your expansion in exchange for a share of equity in your business.

Sometimes, these venture capitalists also want a voice in the decisions of your company – almost like a partner, so beware if this isn’t the direction you want to go.

Purchase Order Financing

Many factors can affect your business’s cash flow, from supply and demand, to market trends, to even the season. However, if you need to be able to buy inventory or materials for an order, but don’t have the current working capital, then purchase order financing might be the perfect funding for your business.

Purchase order financing essentially gives you an advance so your business can buy the materials it needs and you can pay it back after you’ve received payment for your products. The pitfall (besides fees) is that this form of business funding is used for manufacturing businesses, not services or retail, usually.

Business Funding Through Equipment Financing

An equipment financing line of credit provides businesses with the benefits of lease products, while preserving the low costs of funds and allowing you to space equipment acquisitions over time. This business funding can be committed for up to 12 months in advance with periodic take downs (which can be matched to the equipment’s expected utilization time).

However, just like purchasing order financing above, equipment financing has to be used for purchasing equipment for your business and the associated costs. Luckily, Regents offers 100% financing for associated costs, such as installation, design, software, delivery, training, and others.

Working Capital Loans & Your Business Funding

Working capital loans can help you pay for everyday business expenses like rent, payroll, and debt payments. Plus, Regents offers both unsecured and secured working capital loans.

With unsecured loans, how you use the cash is up to you; approval of the loan is not conditional upon the uses for the loan. For example, these short term loans can also be used to cover unexpected losses, increased expenses, new employees, relocation of an office – whatever you need it for!

The no-strings-attached is a huge perk for funding your business.

Other Alternative Lending Sources

There are other lenders who are willing to help fund your business, however, you’ll have to learn all the details about each; repayment terms and length, fees, APR, limits, and other rules and regulations that may change from company to company.

Alternative lending sources would be any lender that isn’t a bank or government program for businesses, so make sure you understand exactly what you are getting into, and how much and when you’ll pay back the business funds.

Contact Regents to Learn About Our Business Funding for You!

We are here for all of your business funding needs, whether that be a working capital loan, equipment financing, or something else entirely, Regents is here to help your dreams of expanding and growing your business come true!

Contact us today to learn more and get the funding you need, right now.

As more companies move to at-home and online work every week due to COVID-19 and Shelter at Home orders, you may find yourself in need of equipment financing for your remote employees and daily business functions.

From laptops and printers for your staff to use at home to data processing or larger items, equipment financing is becoming a front and foremost need in many business owners’ minds. After all, you need the right tools and equipment to get the job done – whatever that job may be.

About Equipment Financing with Regents Capital

As a trusted equipment financing company with a long history of working with businesses to get the equipment you need, we understand the importance of having reliable and specialized tools available to your staff in order to be able to do their jobs, even remotely.

This includes heavy machinery to light laptop computers and everything in between. We have experience working with medical equipment financing, agriculture, construction, technology, and many more industries.

We know that having the industry-specific equipment you need for your business can be the difference between success and failure as a business owner. However, often the cost of acquiring business equipment can be much too large to pay for all at one time. Whether you are an emerging or long-established business, buying equipment can take a large amount of working capital.

Regents Equipment Financing Agreements (EFAs)

Our Equipment Financing Agreement is treated as a loan where the borrower is the title holder and Regents is the lien holder. Unlike most bank loans, Regents’ equipment financing agreements offer fixed-rate financing with no covenants and are secured only by the specific equipment being financed.

If you are looking to purchase new equipment or upgrade your existing equipment, consider the advantages of our equipment financing as a way to meet your business’s working capital needs.

Regents Equipment Financing Lines of Credit

Our Equipment Financing Line of Credit provides the benefits of leasing with long-term business equipment financing, allowing you to space your commercial equipment acquisitions over time.

We offer low, fixed-rate financing for up to 12 months in advance with periodic takedowns matched to the equipment’s expected utilization time. This is just one of the ways we provide affordable, transparent equipment financing options for your business.

Learn about our Capital Leases, True Tax Leases, and 100% Reimbursement.

Advantages of Equipment Financing with Regents Capital

Regents Offers Lower Payment Options for Your Equipment Financing

Regents lower payments and flexible term leases help fit your equipment financing expenditures into any budget. This enables you to get the financing you need for the equipment your business needs right now – not weeks from now like with the banks, who are stretched right now as it is.

Regents Offers 100% Financing Options, Even for Associated Project Costs

We understand that financing may be needed for associated project costs including soft costs such as installation, design fees, software, delivery, training, etc. – costs that most banks cannot or will not cover. As a trusted equipment financing company, we have 100% financing options for all of your business equipment needs.

Tax Benefits with Regents: Section 179

Under Section 179, the entire cost of your qualifying equipment could be written off for the tax year it is purchased and put into use. And you may opt to own the equipment after the lease is up at a low pre-negotiated price – no surprises here!

Regents Progress Payment Management Is Simple & Saves You Time

You can save time and upfront cash when you have us manage all of the invoicing and necessary progress payments for your equipment financing. This increases efficiency and progress as well as helping to alleviate many vendor-induced headaches. Essentially, we’ll do the work for you.

Lower Capital & Equipment Financing Costs + No Hidden Fees or Fines

We offer lower equipment financing costs with no hidden charges, non-utilization fines or fees in the fine print. Converting variable debt to fixed-rate financing hedges against inflation and rising interest rates as payments remain the same for the term of the contract. We think that’s just a better way to do business.

Contact Regents Capital To Learn More About Our Equipment Financing & Get Started Today

We are still diligently working for you, even during these difficult times in the midst of COVID-19. Contact us today to learn more about our equipment financing as well as the benefits available.

We look forward to serving you and your business needs.