NEW AND USED EQUIPMENT FINANCING

Choosing the right type of equipment for your business is a major decision, however, getting your purchase financed can often be just as challenging. Itec 2000 is here to assist you by working with our trusted finance partners to provide you with competitive interest rates and a payment plan that will work with your cash flow.  

In order to gain an approval our lenders typically require:

• a credit application to be completed
• accountant prepared financial statements for the most recent fiscal year end of the company
• a bit of history and background of your company
• a copy of an existing work contract 

The lender will utilize the information to gain a better understanding of your ability to finance the equipment and provide you with the details as to what they will require to do so. This is very much a “work together” transaction, their business is to lend money, and your business is to make sure that you purchase the right equipment that will make you money. 

MAJOR REPAIR FINANCING

Many of our lenders have supported our clients who have to deal with the costs associated to the  major repairs on their existing equipment. Rather than impacting your immediate cash flow for those necessary improvements to your equipment, they can offer payment terms over a period of time. Often this financing tool will also aid in you to make the right decisions on what repairs to accomplish and how best to achieve them.

PRE-APPROVAL FINANCING

Being pro-active in business can be very beneficial, and having pre-approved financing in place can provide your company with the ability to make those snap purchasing decisions that are required from time to time. Itec 2000 will help you gain approvals with one of our finance partners and give you the financial firepower when you are ready to make that next move.

TAX PLANNING

Your accountant in an important business ally and can provide you tax planning ideas that will save you money. There may be a better time in your financial year to purchase a new piece of equipment to maximize your taxable write off, or perhaps a lease option may be work best to finish off the year and move it to a purchase the following year. Smart planning is key to the success of your business.