EQUIPMENT FINANCE
Smart Solutions To Get You Where You Need To Be.
Financing with UCC is the quick, easy and straightforward method to obtain the equipment you need to better operate and grow your business.
- Lending programs designed with small business in mind
- Finance up to $250K with only a credit app, up to $1M with financials
- Unique Swift auto-scoring system that delivers payments within minutes
- Dedicated, single point of contact
Apply Now
Complete and submit our simple online application to receive payment options within minutes in most cases.
Start HereWhatever Your Budget Or Tax Strategy, We Have A Solution For You.
Our experienced representatives can help guide you to select the ideal financing structure that makes the most sense for your business. Our automated internal processes allow us to deliver rapid credit and funding turn-around times, all while keeping you more informed. We prioritize customer service, speed and accuracy so you can get back to focusing on your business.
Discover why equipment financing with Union Credit Corporation is the preferred choice for many business owners.
|
Cash | Bank | |
|---|---|---|---|
| Approval Timing | As few as 10 minutes | N/A, full payment due at date of purchase | 1 to 3 weeks |
| Soft Costs | All costs covered including shipping, installation and taxes | All cost paid out of pocket at date of purchase | Not covered, must be paid out of pocket |
| Budgeting | Fixed payment schedule, does not change after funding | Cash tied up in fixed asset, cannot be used for other business purposes | Variable rates tied to floating indexes |
| Restrictions | No age restrictions, private sales OK | Marketing or hiring plans may be delayed due to lack of cash | Equipment can be no older than 5 years, no private sales |
| Covenants | Asset specific lien, free use of equipment without being bothered | Key financial ratios may be negatively impacted affecting current credit lines or future borrowing ability | Minimum bank balances to be maintained, annual financial review, loan can be called in at any time, blanket UCC-1 filing |
