Amur Equipment Finance

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You’ve finally found that used backhoe you’ve been eyeing at the farm equipment store, but you can’t afford to buy it outright. With so many different finance options out there, which one should you choose? Amur Equipment Finance specializes in agricultural and commercial equipment financing, with more than 25 years of experience providing financial solutions to small businesses throughout the United States and Canada. The following guide outlines their top three financing options for your consideration, as well as the right situation for each one.

Working Capital

How Equipment Finance can help in Working Capital: For companies that rely on critical equipment and must have a steady cash flow to keep their business running, it’s essential to work with an organization that understands your business needs. Amur Equipment Finance understands that and is committed to providing you with flexible financing solutions for new or used equipment. With fast approvals, competitive rates, and experienced lenders, we can help you achieve your financial goals.

Our finance programs are structured as either non-recourse no personal guarantee or recourse with a personal guarantee loans for up to 150% of the value of your item. We also offer Time Finance short-term leases of up to 36 months when combined with a financed purchase.  At Amur Financial, we offer a broad range of equipment finance solutions for businesses in a variety of industries.

Our team will sit down with you to develop a customized loan that’s right for your business and its future growth. This will help your business to secure Amur Equipment Finance working capital financing when it’s needed most and do so without impacting your cash flow or credit rating. Working with us can help you reach new heights in your organization, whether you’re purchasing new equipment, extending an existing line of credit, or simply increasing your overall purchasing power by streamlining payments on existing bills and expenses. We can also provide quick approval times on small business loans up to $300,000 as well as equipment leasing packages that can get you outfitted quickly at competitive rates.

Equipment Loans

Most commercial banks and credit unions will lend money for Amur Equipment Finance purchases. However, it’s unlikely you’ll be able to borrow enough to buy everything you need, so you may have to turn to alternative lenders such as to fill in any gaps. A lender can typically supply about 80% of your total loan amount and will charge a fee based on their interest rate.

The interest rate is usually tied to a floating prime rate but remember that lenders use these rates only as a starting point, so they can offer Amur Equipment Finance lower rates if they choose. If you pay back your loan early, some companies may even cut your final interest payments in half or eliminate them. if you borrow $400,000 at a rate of 2.5% over 30 years, you’ll pay around $57,937 in interest.

However, if you paid back your loan in 20 years instead of 30, then your interest costs would drop to $24,764. You might also consider doing some shopping around for equipment loans and comparing lenders based on their rates and fees. If you’re looking for an alternative lender to work with, reach out to Amur Equipment Finance today and learn more about our specialized equipment financing solutions! Just like retailers offer special deals on specific days, most lenders have a few key dates during which they typically offer big discounts or low-rate promotions.

Accounts Receivable Factoring

Equipment finance can be complex. You might have a loan or you might not, and that’s fine. But what happens when your customer doesn’t pay? How do you get your cash? Factoring answers these questions by giving you an instant source of cash when you need it most. Rather than waiting months to receive payment, factoring allows companies like yours to get paid in Amur Equipment Finance instantly for your invoices minus a percentage of each invoice’s value so that you can immediately reinvest that money into buying more inventory and supplies or investing in new equipment. Equipment finance may seem complicated at first glance, but with a little help from someone who knows how to navigate through it all, you’ll be making smarter business decisions in no time.

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