Flexible Equipment Leasing and Finance Services

Equipment lease financing allows a business to use needed equipment while making scheduled payments instead of paying the full purchase price upfront. Depending on the structure, the business may lease equipment for a set term, preserve cash flow, and potentially upgrade or buy the equipment later. It is commonly used for machinery, vehicles, medical equipment, construction equipment, and other business-critical assets.

Credit requirements vary by lender, equipment type, business history, revenue, and financing amount. Stronger credit can help secure better terms, but Franklin Financing Services works with businesses that may not qualify through traditional banks, including some with poor credit, late payments, or prior bank turndowns. Underwriting often considers cash flow, time in business, equipment value, and repayment ability.

In a finance lease, the lender or leasing company typically owns the equipment during the lease term, while the business uses it and makes payments. Many finance leases are structured so the business can purchase the equipment at the end of the term, sometimes for a predetermined amount. Ownership details should always be confirmed in the lease agreement.

Equipment leasing can fund many business assets, including construction machinery, manufacturing equipment, restaurant equipment, medical equipment, vehicles, office technology, furniture, fixtures, and industry-specific tools. Franklin Financing Services also supports related financing needs through SBA loans, term loans, and restructuring options when leasing alone is not the best fit for the business.

Approval speed depends on the financing program and documentation required. Some Franklin Financing Services programs offer approvals in 24-48 hours and funding in as little as 3-7 days. Larger or more complex equipment transactions may require additional financial statements, debt schedules, invoices, or equipment details before final approval and funding are completed.

Leasing is often used when a business wants to preserve cash, avoid a large upfront purchase, or upgrade equipment more easily. Buying may be better when long-term ownership, heavy customization, or extended useful life is the priority. Franklin Financing Services can compare leasing, term loan, SBA, and restructuring options based on cash flow and goals.

Documentation varies by program, but lenders commonly request a completed application, business bank statements, equipment quote or invoice, financial statements, tax returns, and a debt schedule. Some faster programs may require fewer documents, while SBA or larger financing requests typically involve more detailed underwriting to verify cash flow and repayment capacity.

Yes. Franklin Financing Services offers debt restructuring solutions for companies with multiple equipment loans or leases. By paying off existing lenders and refinancing equipment into one loan, businesses may reduce monthly payments by 30% or more, improving cash flow and bottom-line performance while simplifying repayment across existing equipment obligations.