Introducing The Equipment Financing Agreement
- Finance up to 100% of your costs, including equipment, installation, shipping, and taxes
- You own the equipment from the beginning – no buyout required
- No advance payments are required
- No pre-payment penalty
The Advantage+ Equipment Financing Agreement (EFA) is a fixed-term loan featuring equal monthly payments. What sets it apart is that, unlike a lease, the borrower becomes the owner of the equipment. In contrast to traditional bank loans that often secure assets comprehensively, Advantage+ only retains a security interest in the equipment itself.
Similar to a lease, the EFA covers up to 100% of the equipment cost, including shipping and dealer expenses. The key difference lies in the absence of upfront cash requirements, providing borrowers with cost-saving advantages. Our customers still enjoy the flexibility we’ve always offered, such as penalty-free pre-payment and options to adjust the amount financed or terms midway. Equipment Finance Agreements have no “stated interest rates.” The finance charges are calculated into contractual payments over the term.
Advantage+ frequently collaborates directly with equipment vendors, simplifying the financing process for end customers. In comparison to lease agreements, EFAs streamline bookkeeping for vendors, treating the financing agreement as a regular taxed sale on their books. EFAs are available for equipment purchases ranging from $10,000 to $200,000.
For more information on an equipment financing agreement, please click here to contact one of our helpful representatives.
