Find Answers to Frequently-Asked Questions
Whether you’re exploring financing options or curious about the application process, find clear and helpful details to make informed decisions. Have more questions? Don’t hesitate to reach out to our team. Industrial Equipment Capital is here to assist you every step of the way!
FAQS
Financing Overview
When you finance with IEC, you can expect personalized service from seasoned equipment finance experts. Our team will guide you through every transaction. We’ll also take the time to understand your unique business goals in order to create a financial structure to support your long-term growth and success.
Paying in cash may be an attractive short term decisions for some customers who are seeking immediate ownership. However, financing can help preserve cash flow and spread costs over time — allowing you to invest in your long-term success while keeping funds available for operational needs. Explore the benefits of equipment financing with IEC to see which option is right for you.
Working with an equipment provider finance partner like IEC means access to benefits that traditional lenders can’t offer, such as flexible payment options, faster approval, personalized customer support, tax benefits and more. Read about the benefits of partnering with IEC to see all the helpful advantages we offer.
Financing packages include a $500 one-time upfront fee.
With IEC, once your contract commences, your interest rate will remain locked and fixed for the entire duration of your loan or lease.
A personal guarantee (PG) is a legally binding agreement where business owners agree to be personally responsible for a business loan. The requirement for a PG depends on several factors, including your company’s credit history, time in business, and other financial considerations. Some underwriters may request that the owner personally guarantee the purchase.
With approved credit, you may include soft costs in your financing package, such as shipping, rigging, accessories, software, and more.
We aim to respond to credit applications within one business day. Financial documents may also be finalized within one business day. However, we adjust to your timeline, whether you’re ready to move forward quickly or need time to finalize your decision.
Vendor Program
Offering financing options will not divert your cash-paying customers. In fact, financing alternatives may increase sales with customers who would otherwise postpone equipment purchases to preserve cash flow. It also provides financial decision-makers with more options, which can make the difference between a sale and declining the purchase due to budget and approval constraints. Learn more about the benefits of offering equipment financing to your customers through our vendor program.
Good news. You won’t have to! Our IEC team of equipment financing experts are ready to help, working directly with your customers while respecting your business goals and timelines. We provide regular progress updates so you never have to wonder where your transaction stands, and you can focus on selling equipment — not financing.
We pay vendors directly on the customer’s behalf, including down payments and progress payments. Every investment is confirmed both verbally and in writing with the customer’s approval. Once a transaction is funded, money is usually wired the same day!
Equipment
Yes, we finance both new and used equipment.
We finance all types of capital equipment for many different industries, including:
Yes! When purchasing a new piece of equipment, IEC will present you with the option to include accessories in the financing.
Need help with something else?
If you have a question not answered here, a member of the Industrial Equipment Capital team would be happy to help! Reach out to us today at info@iecfinancial.com or call (909) 596-2627.
