Machinery and Equipment Loans-florida commercial real estate loan group

Machinery and Equipment Loans

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What are machinery and equipment loans? Why should you get one for your business? As a business, you should have an understanding of how important and imperative it is to upgrade and purchase equipment that is newer, better, and more advanced.

But, even if you have the funds, it wouldn’t make too much sense to spend it all on purchasing equipment – that’s what machinery and equipment loans are for. So, how do sit all play out? How does it work? Is it just the regular you get the money and you purchase equipment, and you repay the loan?

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How Machinery and Equipment Loans Work

Machinery loans or equipment loans work simply when a business needs to purchase or buy equipment for the business. For instance, if a manufacturing company needs to purchase a part of the machine for the packaging to be able to pack faster, you can consider it a machinery and equipment loan.

In a nutshell, machinery and equipment loans are loans where you would have to pay or settle the interest along with the principal amount in a specific period of time.

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Collateral for Machinery and Equipment Loans

Most business loans need collateral, would a machinery and equipment loan need one too? Lenders would usually ask for the equipment purchased to be put as security or collateral against the debt or the loan you’re planning to take. The only time your equipment will be free from lien is when the debt or the loan has been fully paid.

That’s the regular setup of how machinery and equipment loans function. There are other plans, other terms, and other ways, of course so you need to speak about it with your lender.

Equipment Financing vs. Equipment Leasing

Equipment is actually far from what equipment financing is because leasing is just an activity where you would pay the owner of the equipment money for you to be able to use their device. Then, at the end of the term, you and the equipment owner will decide if you would be keeping the equipment or if it’ll be returned.

Whereas equipment financing is where a lender will give you funds or would finance your purchasing of the equipment.

Where to Get Machinery and Equipment Loans

The vast majority of people think that only banks are capable of providing these types of loans. While commercial banks may seem to be the best option, there actually are other sources and other financers as well.

In case you’re not aware, the Small Business Administration or the SBA is the government-owned and controlled agency tasked to help and assist micro, small, and medium enterprises (MSMEs) in the country. Since this is what their role is, you can choose to approach them for the machinery and equipment loan you need. Akin to banks, they offer low-interest rates in the longest terms.

Apart from banks and the SBA, you can also find funds from private money lenders or those that find income from lending money. Generally speaking, taking out a loan from them is better and will be more convenient for you because:

  • They approve loans faster
  • Although the interest rates are high, payment terms are more flexible
  • No unnecessary documentation required

Many venture capitalists and investing companies also offer a wide array of loans for commercial establishments and businesses. As a matter of fact, they’re part of the few options businesses have because of their leniency and support. However, you might not like how you would pay them back because instead of asking for interest, they would usually ask for equity of your business or your company, and would you like to be in that setup?

So, if you are just a small business and you’re just starting, what should you do? Where should you go? The best and probably the most sensible thing to do is to approach a commercial real estate loan group/private money lender and ask for funds.


Here in the entire state of Florida, no other company or loan group is trusted but us at Florida Commercial Real Estate Loan Group.

We’ve been known to be the company that revived businesses ground-up and the company that was able to finance some of Florida’s most noticeable commercial establishments. We offer machinery and equipment loans, given that you have what we are looking for.

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Why Are We Better Than Banks?

Unlike regular commercial banks, the only form of proof or documentation we’ll ask of you would be what we need to issue the loan.

Furthermore, we wouldn’t take it out on you if your credit score is not at a good level – what we would focus on instead is the projection of the business, the type of property, and the business finances you have (if you’ve been in business for some time now).

Reach Out to Us Now!

Whatever business you may have and if you are in the state of Florida, you can always refer to us here at Florida Commercial Real Estate Loan Group for the machinery and equipment loans you need.

Like thousands of our clients, you can also consider us as your go-to company for the funding or the financing you need! Dial us or send u an email and we will be more than happy to help you with it!

Get a Free Computation

Do you want to be sure of the prices you would pay before you even decide to get a loan? Do you want to have a view of the state in which where your finances will be when you take the machinery and equipment loan out?

We’ll give you a free computation of the loan before you even sign! It’s one of the few ways how we show and provide proof of our transparency and our honesty to our clients. Don’t hesitate to work with us if you are in need of a lender that you can fully trust with your business!

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