Financing equipment preserves cash flow and may offer attractive tax incentives. Additionally, financing helps to establish good business credit, while retaining the most current technology, and offering the best services for patients.
What types of equipment financing options are available?
The most common types are fair market value (FMV) and dollar buyout arrangements. Businesses that choose FMV often obtain equipment that quickly depreciates in value. Dollar buyouts are ideal for those who plan on keeping their equipment at the end of the financing term. Other available programs include wrap leases, business expansion, refinancing, new business programs, sale-lease-backs, and working capital loans. PPS’ lenders offer a wide variety of financing solutions, and our financing experts will present the best solution to meet your needs.
How long does the application process take?
Our lenders can provide up to $250,000 with a one-page credit application and up to $50,000,000 with a full financial package. Some credit applications may be automatically approved, while other applications may be take up to a hour. Funding takes place the same day or the day after the signed documents are received.
What options do I have at the end of my contract?
You may elect the option of purchasing the equipment for $1 once the term is ended. Fair market value (FMV) leases typically allow three options at the end of term: a) return the equipment, b) extend the lease, or c) purchase the equipment for its fair market value.
Why should we finance through PPS’ preferred lenders?
PPS only works with very established lenders, who specialize in medical equipment financing. On average, our lenders have been providing financing solutions to small and medium-sized businesses for over twenty-five years. Our lenders are amongst the largest privately held equipment financing companies in the United States serving small and medium businesses. Due to this fact, our customers receive better customer service, faster approvals, and more favorable terms.