Fast, Flexible Equipment Financing – Your Key to Unlock Growth Potential
We finance equipment across a broad range of North America’s most dynamic industries – from forestry and energy to hospitality and manufacturing.
As an entrepreneur or Chief Financial Officer, you know that equipment isn’t just equipment, it means opportunity. If you need equipment, congratulations:
- You won a new contract or customer relationship
- You developed a new market for your products or services
- Your competitive edge has led to strong organic growth
- It’s a new season and you have work to do
As a private equity sponsor, flexible equipment financing can be the key to funding an acquisition, or the foundation for growth of your portfolio companies and ultimate investment performance. Savvy PE executives rely on Accord for speed, flexibility and certainty.
For nearly twenty years, Accord's equipment financing program have provided lease and loan financing to private equity portfolio companies and entrepreneurs directly, helping them start, strengthen and grow businesses. We have deep experience financing equipment across a broad range of industries, from retail and hospitality to transportation and manufacturing. Clients trust our financing programs for:
- Heavy equipment financing
- Construction equipment financing
- Commercial equipment financing
- Industrial equipment financing
- Medical equipment financing
- Agricultural equipment financing
If you need equipment financing to unlock an opportunity for revenue and growth, call Accord. When opportunity knocks, Accord is your answer.
Build your business with Accord
With Accord, you deal directly with decision-makers. We are your partner for growth. Private equity firms often look to Accord to support multiple companies within their portfolios. And entrepreneurs grow with us, taking advantage of Accord’s broad range of financing solutions as their company evolves.
Our equipment financing solutions focus on businesses that are overlooked or under-served by the large financial institutions. If you have bank financing in place, Accord can supplement with additional funding for situations or equipment where the bank won’t approve. Or your credit profile may be near-prime, making bank financing unavailable. This is where we excel, where we can leverage our passion and experience to fully understand your opportunity and find a creative equipment financing solution to help your business grow.
And we never "sell" or "syndicate" our equipment finance contracts to third-parties, which gives you two distinct advantages:
- Together we can structure flexible equipment financing that works for you, which may not fall within the rigid boundaries of most other leasing companies
- If your circumstances change, you know exactly who to call for responsive, decisive action – we are your partner for the life of the lease, and hopefully beyond
Buy the right equipment to get the job done
Equipment financing through leasing is a cost-effective and tax-efficient way for businesses to acquire assets they need to grow. And you’re free to find the optimal equipment for your needs, whether new or used, whatever fits your budget and operations. We can accommodate almost all asset types including older or nonconventional equipment.
Best of all, equipment financing locks in your monthly cost and stretches payments out to match up with your revenues. And it keeps your cash and credit lines available for other uses, such as staffing, marketing and paying suppliers.
Unlock cash from equipment you already own
If your business already owns equipment and you need to generate cash for expansion, operations or other purposes, you can use your existing assets as collateral for a new lease or equipment financing loan. This is a great way to unlock fresh working capital, boosting your ability to grow.
Do you need flexible payment terms?
Then choose Accord. If your business operates in a seasonal industry like tourism or forestry, we can structure an equipment finance program with payments that vary around your busy and slow times of the year.
Make leasing your advantage
An equipment finance loan or lease offers compelling advantages over other forms of financing:
- Leave your bank and other credit lines open for other uses:
- Leasing does not affect your long-term or working capital debt
- Pay for your equipment as you earn money with it:
- Choose a term that makes monthly payments match up with your revenue and fit your budget
- Your lease payments are inflation-proof:
- Your monthly equipment financing payments are fixed and never change
- Save corporate taxes:
- Your lease payments may be fully tax deductible
- Leasing may defer sales taxes:
- Sales taxes are typically not paid up front when you buy the equipment, but spread out over the term the lease
- You can avoid obsolete equipment:
- Trade up or upgrade your equipment at any time
Industries served: broad and varied
Whatever industry you’re in, we can finance your equipment:
- Food & Beverage
- Materials handling
- And more
Every industry has unique equipment financing needs – if you need it, we can finance it.
You’ll find us at leading equipment vendors
Accord also offers equipment financing directly through leading equipment vendors (only in Canada). Our flexible approach allows dealers to broaden the base of customers who qualify for equipment financing. Flexibility is the key to your success and ours, which is why we offer multiple options, including terms up to 60 months, for customers to choose from. And our commitment to quick equipment finance approvals ensures that the sales process delivers results, deals close, and customers are happy.
Entrepreneurs serving entrepreneurs
We approach our business with the same entrepreneurial spirit that you bring to yours. We built our leasing business from the ground up, so we understand what it takes to succeed. Your equipment financing needs represent a business opportunity; we’ll take the time to understand it and deliver the equipment financing to seize it. Whether you are a private equity sponsor, an owner/operator, an emerging growth company or a larger enterprise, we are in your corner.
Grow with us
At Accord, you deal with real people, so our relationship counts – a lot. As our relationship develops, so does your credit history and profile with us, which means that when your needs evolve, we will be there to help. As you grow, you can take advantage of:
- Asset-based lending (including PO financing / Letters of credit and DIP financing)
- Accounts receivable financing / Factoring
- Accounts receivable management
- Supply chain finance
- Small business loans
Put the financial strength, experience and independent thinking of Accord to work for you.
Equipment Financing FAQ
Equipment finance is a type of business loan that enables you to leverage the value of your equipment through equipment loans or leases. The additional working capital provided through equipment financing can be used to bolster your working capital and invest in the growth of your business.
Equipment financing provides lease and loan financing to support the acquisition of new equipment or the refinancing of existing equipment. By maximizing the leverage on your machinery, equipment and rolling stock, you can free up capital to investment in your business.
Equipment financing due diligence moves at the speed of your business; so you can quickly structure and fund your equipment financing needs. Equipment financing can often be approved in as little as a week. See how we quickly approved an equipment finance facility for this transportation & logistics company.
Equipment financing via a loan provides you with financing against equipment that is owned by your company. Whereas, an equipment lease may allow you to finance the equipment as an off-balance sheet transaction, typically with monthly payments and an option to acquire the equipment at the end of the lease. There may also be different tax implications for leasing vs. equipment financing structured as a loan.
Equipment finance loans and leases offer you several benefits, including: increased liquidity, growth capital and even the potential for corporate tax savings.
Qualification for equipment financing is as simple as having sufficient collateral to adequately service the debt. A bad credit score does not necessarily mean you won’t get approved for financing.
Yes! Get financing for your business, whether old or new. Call us to discuss how you can benefit from equipment financing: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).
Yes, Accord provides financing for heavy equipment.
Yes, businesses like yours can get equipment financing for a variety of industries, including: forestry, manufacturing, and transportation among others.
How to choose the best equipment financing companies? Whether you’re a private equity firm looking to support companies in your portfolio or an entrepreneur seeking growth opportunities, finding a company who can provide flexible equipment financing options is crucial. You understand what it takes to build your business and succeed—so do we! Get fast and flexible equipment financing solutions. Call us now: +1-844-932-9940 (Canada) / +1-844-725-4225 (US).