Equipment Re-Fi / Cash-Out
Equipment Re-Fi/Cash-Out
Fidelis Business Funding Solutions, LLC is all about helping small business owners with financing solutions to help grow and maintain their business. We are excited to offer small businesses another flexible financing program. The Re-Fi/Cash Out program can be used in three ways:
- To finance an asset that is currently financed by another lender
- To pull equity from an asset that is owned free and clear
- To purchase an asset that is currently leased
The Re-Fi/Cash-Out program is structured as a loan so businesses maintain ownership of the asset and it is a better option than other types of commercial financing such as factoring or merchant cash advance. This program is ideal for business owners who want to pull cash out for business purposes such as working capital, purchase new equipment, increase inventory, or down-payment for another piece of equipment. Using existing assets
Equipment from various industries will be considered for this program and must be less than 10 years old. An appraisal/inspection supporting the represented value must be provided after approval and prior to doc requests and subject to satisfactory review by the lender. Give us a call today to find out if your equipment qualifies.