Equipment Financing
Equipment Financing
Wheel Wise Loans is a heavy equipment financing company that has provided funding to growing businesses for over 22 years.
Our team of finance professionals is happy to answer any questions – big or small. WE MAKE IT POSSIBLE!
Equipment Financing 101
At Wheel Wise Loans we’ve been in business since 1998, so we know the ins and outs of the equipment financing process. But our team understands that there’s a first time for everything, so our trusted advisors are here to guide you.
Let’s start with the basics: Commercial financing allows businesses to acquire the equipment needed to grow while maintaining cash flow. Financing equipment is one of the most common reasons a small business owner might seek out a loan, which helps establish business credit.
Financing is used to buy heavy commercial equipment, titled vehicles, heavy machinery, and more. When applying for an equipment loan, several factors are weighed during the approval process, including the amount borrowed, interest rate, and term length (typically 60 months). The amount of money a business will be eligible to borrow depends on the type of equipment being purchased, whether it’s new or used, and the borrower’s credit history.
Commercial Equipment Financing for New and Used Equipment:
- No Money Down
- Virtual Financing via E-Docs and Remote Online Notary
- Application-Only Up To $500,000
- Delayed Payment Options
- Municipal Funding Available
- Terms Based on Credit Approval
- Structured Terms for Troubled Credit
Should You Finance Used or New Equipment?
In our opinion, absolutely! Not every business owner has the cash flow to purchase a piece of equipment outright, and that’s where equipment financing comes into the equation. Some business owners choose financing to conserve cash flow for unexpected expenses that may arise, and others know the importance of building business credit.
By obtaining a loan via a heavy equipment financing company like Wheel Wise Loans customers can:
- Extend their capital with a monthly flat payment over 60 or more months
- Assess delayed payment options to “buy now, pay later”
- Refrain from purchasing equipment with cash, which puts a strain on liquid assets
- Build business credit to secure a line of credit or additional loans in the future
At Wheel Wise Loans, we offer no money down and delayed payment options, making it easier for customers in certain industries to make payments when cash flow is steady.
Utilizing equipment financing for large ticket purchases allows businesses to quickly get the money needed to keep running and growing. With the virtual application process via electronic documents and a remote online notary offered by Wheel Wise Loans, our customers can quickly secure a loan. By getting approved for a loan, purchasing equipment, and adding assets to a business, an owner or partner can increase the chances of obtaining a loan or line of credit in the future. As a bonus, per Section 179 of the tax code, small businesses can write off equipment purchases each year, enabling tax incentives and improving cash flow.
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We’re here to make borrowing simple and stress free. Our platform connects you with a wide range of trusted lenders and offers expert guidance to help you find the right solution. Whether it’s a equipment loan, tilted vehicle loan or working capital loan, we provide clear comparisons, honest advice, and full support at every step. With no broker fees and a commitment to transparent service, we make it easy for you to move forward with confidence.