An Equipment Finance Agreement (EFA) with Regents is treated as a loan where the borrower is the title holder and Regents is a lien holder on the financed equipment. Regents’ EFAs have 3 distinct advantages over traditional bank loans:
Regents’ EFAs are secured only by the specific equipment being financed or leased NOT all your present and future assets (unlike most bank loans).
Most bank loans are not fixed rate but tied to market rates that may go up over the term of the loan. Regents’ EFAs are fixed for the full term.
Many bank loans contain restrictive covenants that can inhibit your ability to borrow future funds when needed. Regents’ EFAs have no covenants – restrictive or otherwise.