Equipment Financing
Maximize Growth with Celtic Capital’s Tailored Equipment Financing Solutions
Whether you’re upgrading, expanding, or optimizing your business, Celtic Capital’s equipment financing options are designed to help your business succeed. From refinancing existing loans to capital expenditure funding, we provide the flexible and fast solutions you need to drive growth and stay competitive.
Equipment Refinancing
If improving cash flow, upgrading equipment, or diversifying your product offerings is a business priority, Celtic Capital’s equipment refinancing solutions are here to help. With our flexible refinancing options, you can refinance existing equipment loans and leases, freeing up valuable capital for your other operational needs. Whether you’re modernizing machinery or refining your financial strategy, our customized refinancing services help maintain business continuity while driving business growth.
Why Choose Equipment Refinancing with Celtic Capital?
- Fast Access to Capital
- Customizable Payment Plans
- Quick Approval
Equipment-Only Financing for Manufacturing and Rolling Stock
Looking to leverage your existing equipment? Our equipment-only financing is perfect for businesses seeking funding based solely on company-owned manufacturing equipment or rolling stock. With loans typically covering up to 80% of the Forced Liquidation Value (FLV) of your equipment, this financing option allows you to unlock the value of your assets without relying on additional collateral.
Why Choose Equipment-Only Financing with Celtic Capital?
- Leverage your existing equipment’s value
- Maintain ownership and full control of your equipment
- Quickly free up capital for operational flexibility
$1,320,000
Precision Machine Shop
$3,250,000
Supplier of Advanced Structural Composite Assemblies
$4,418,710
Manufacturer of Components for Electronics and Communications Industries
$4,897,600
Manufacturer of Steel Hex Keys
$1,390,000
Tree and Vegetation Services
$5,030,000
Oil & Gas Extraction Services
$4,400,000
Manufacturer of Large, High-Quality Metal Gears
$4,000,000
Manufacturer of Precision Components and Assemblies
$3,114,000
Fabrication of Metal Parts for the Automotive Industry
$1,700,000
Commercial Bakery
$711,300
Manufacturer of Jun Beverages
$3,610,960
Printer for the Newspaper Advertising Industry
$1,500,000
CNC Machine Shop
$2,738,000
Manufacturer of Tortillas, Wraps, and Flat Bread
$740,000
Tank Truck Hauling
$616,000
Precision Machine Shop
$1,000,000
Manufacturer of Archery Equipment
$2,940,000
Manufacturer of Precision Machine Products
$1,652,000
Manufacturer of Electrical and Mechatronic Automotive Parts
$3,476,000
Concrete Polishing and Restoration Service Provider
$790,000
Plant-Based Food Manufacturer
$2,626,500
Manufacturer of Superfood Products
$460,500
Steel Fabrication and Installation
$6,835,000
Commercial Printer
$1,130,000
Precision CNC Machine Shop
Frequently Asked Questions
What is Equipment Refinancing?
Equipment refinancing is a financing option that allows businesses to use existing equipment as collateral to secure new funding. This process helps businesses unlock the value of their owned equipment and improve cash flow. By refinancing equipment, companies can access additional capital to meet other financial needs, whether it’s for expansion, operations, or debt consolidation.
How Does Equipment Refinancing Work?
Most types of equipment, including machinery, vehicles, and heavy-duty tools, can be refinanced as long as they are in good working condition and possess significant market value. Asset-based lenders typically have specific criteria regarding the age, condition, and value of the equipment. While well-maintained and relatively new equipment is often eligible for refinancing, outdated or poorly maintained assets may not qualify.
What Are the Benefits of Equipment Refinancing for My Business?
Refinancing equipment through an asset-based lender offers several key benefits:
- Improved Cash Flow: to meet immediate business needs.
- Access to working capital: without tying up other assets.
- Streamlined process: through an asset-based lender rather than with a traditional lender.
- Retain Ownership: of your equipment while gaining greater financial flexibility.
What is Equipment-Only Financing?
Not all lenders provide equipment-only financing. At Celtic Capital, we make equipment-only loans on existing manufacturing equipment (and/or rolling stock) that’s company-owned and housed in its own facility. We lend on 80% of the equipment’s forced liquidation value. The key is that the equipment should be necessary for your business operations and have a proven resale or market value.
Who Qualifies for Equipment-Only Financing?
Most businesses that own equipment, including manufacturing companies, and transportation businesses, can qualify for equipment-only financing. Celtic Capital evaluates the value of the equipment rather than focusing on the company’s balance sheet. As long as the equipment is in good condition and has sufficient value, you could qualify for a loan or line of credit to help you expand or upgrade your operations.
How Does Equipment-Only Financing Differ from Equipment Refinancing Loans?
Unlike traditional equipment refinancing loans which may require additional collateral like receivables, equipment-only financing focuses solely on the equipment itself. This means your business can obtain financing based on the value of the equipment, and the lender holds the equipment as collateral, reducing the need for other forms of security.
What Are the Benefits of Equipment-Only Financing for My Business?
Equipment-only financing through Celtic Capital offers several key benefits:
- Improved Cash Flow: to meet immediate business needs.
- Access to working capital: without typing up other assets.
- Streamlined process: through an asset-based lender rather than with a traditional lender.
- Retain Ownership: of your equipment while gaining greater financial flexibility.