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Equipment Loans If your business relies on expensive equipment as an essential component of your operations, Pinnacle provides equipment loans to help you increase your revenue stream without draining your cash. The equipment itself is a long-term asset, expected to produce revenue over a lengthy period of time. Unlike accounts receivable and inventory that are short-term assets and normally financed through a short-term line of credit, equipment loans typically carry terms of three to seven years. A company should typically match the length of term of the loan with the anticipated useful life of the equipment. Among variables Pinnacle's financial advisors will review in order to determine the appropriate financing option are: your company's cash flow to service principal and interest on the loan, and the equipment's impact on revenues. If a traditional loan is not the best option, Pinnacle will help you assess other options such as manufacturer financing or leasing. Questions about a business loan? Please contact a financial advisor at one of our convenient locations or send us a request through our Contact Us form. |
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