6 Flexible Equipment Financing Plans for You
Beacon Funding
Founded in 1990, Beacon Funding is an equipment financing solutions provider for US businesses.
When traditional financing and leasing doesn’t work anymore.
When choosing equipment financing that works best for your business, traditional financing and leasing don’t always cut. A one-size-fits-all solution doesn’t work for every business.
So where do you turn for a custom financing solution?
Flexible Financing Means Custom Plans for Your Needs
Flexible financing is custom equipment financing that matches to your business needs. With flexible financing, your business can make financing more affordable based on your situation and matches the ups and downs of your business.
This article explains six common flexible financing plans offered by top-of-class equipment financing lenders?. These six plans are not set in stone – they are the starting points for building your own custom plan that fits your needs.
Want to learn how we build these plans??Talk with a Financing Consultant today.
In this article…
Six Common Flexible Financing Plans?
When your business needs equipment, you have options on how to finance it. You have a list of available flexible financing plans.
100% Financing
Looking to keep cash in your hands??Get financing with no down payment and use your cash for operating expenses and investing in crucial areas of your business.
Buy Now, Pay Later
Need time to generate revenue??This plan offers deferred payments for 90 to 180 days, so you can start using your equipment before your first payment is due.
Skip or Step Payments
Are you tired of the typical payment structure by other lenders??This plan lets you get creative with a flexible payment structure that allows you to pay less upfront or more depending on your cash flow.
Seasonal Payment Program
Have an inconsistent revenue stream??Get a creative payment plan that matches the timing of your sales.
Equipment Upgrade Program
Want to replace your old equipment??Grow your business by upgrading to new equipment while maintaining a consistent monthly payment.
Wrap Financing
Would you like to acquire multiple equipment units at once??Save your monthly budget while keeping it simple with one monthly payment.
See a perfect plan for your business??Get started by applying now?for your very own flexible equipment financing plan.
Let’s look at the benefits of each plan.
100% Financing
Like in the name, this plan does exactly what it sounds like.
100% Financing is a plan where you provide the lender no initial cash payment for the equipment you want to finance.?This means you can conserve your cash and reap the rewards of your equipment immediately.
Ditch the down payment and receive your equipment for no money down. Use the revenue generated from your equipment for your needs.
Step Payments
How do you want to control your financing? It can all be up to you.
Step Payments allow you to control how you manage your initial 3 to 6 monthly payments.?You can start equipment financing with either higher or lower monthly payments depending on your need.
You can use that time to ramp up your business, train employees, save cash, and build your customer base.
Step Down Payment
Step Up Payment Plan
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Equipment Upgrade Program
Do you already have a lease but afraid of the long-term lock-in of upgrading your current equipment? No worries – easily replace your old equipment before your financing term ends.
An Equipment Upgrade Program allows you to trade-in your equipment before your existing financing term ends and get an asset of equal or greater value.?That means you can grow your business with a quick upgrade while maintaining a consistent monthly payment.
Upgrade to Bigger, Better Equipment
Meet Higher Demands
Keep Your Business Growth Consistent
Wrap Financing
Looking to acquire multiple equipment pieces at once? We make it easy.
Wrap Financing allows you to keep it simple by “wrapping” multiple equipment units together under one lease.?It’s a great way to save a little bit of money on your monthly budget while keeping your financing simple with one monthly payment.
The best part? Your bundled lease doesn’t need to start with Beacon Funding – we can wrap a lease you already have from another lender!
Seasonal Payment Program
Just like it sounds, this flexible plan allows you to structure a payment plan during months more in line with months of your lighter revenue.
A Seasonal Payment Program allows you to match your monthly payment with the changing seasonal demand for your product.?You can enjoy lower monthly payment for 2 months, agreed upon in your lease agreement.
If you have an infrequent income stream, you can enjoy lower payments for two months to offset the months of your lower income.
Skip Payments
Plan when you want to skip a payment for your needs.
A Skip Payment refers to certain months in your stream of payments where you do not owe a payment.?Depending on your pre-negotiated contract, your business gets to “skip” a month or two. This can apply to a business with some seasonality in high volume versus low volume months.
Skip Payment
Traditional Financing
Build Your Flexible Financing Plan in a FREE Consultation
Your business is unique; your financing should be too.?Who doesn’t want financing that matches the ups and downs of their business? It all starts with a discussion about your financing goals.
You can create your custom financing plan by?talking with a Financing Consultant.
Book a FREE consultation today and explore options based on?your?needs. For faster results, be sure to mention in the booking tool’s comments which flexible financing plan you are interested in when you schedule your consultation.