If you need financing for your equipment, TimePayment is one option to use. Several of TruTemp Equipment’s clients have easily obtained financing through TimePayment. Read the FAQs below to answer a few common questions.
FAQ — Benefits of Equipment Financing
Why Finance Your Equipment?
Do you need to purchase new or used equipment for your business or home, but don’t have the available cash or credit you need? If so, TimePayment can help. There are many benefits of financing your equipment purchase through TimePayment:
Fast Credit Decisions —
Apply online anytime. Receive a credit decision for the maximum amount you can finance in seconds. Start-ups and challenged credits supported.
Affordable, Fixed Monthly Payments —
Know your monthly payment and term in advance so you can handle your monthly cash flow more easily.
Minimal Upfront Cost —
Our standard lease program only requires one advance payment and the documentation fee prior to the start of the lease.
Tax Advantages —
Lease payments may be fully tax-deductible as an operational expense.
Preserve Existing Bank & Credit Card Lines —
Leasing with TimePayment lets you acquire the equipment you need affordably, while preserving your other sources of credit.
Protect Against Obsolete Technology —
Plan for a technology upgrade with the right lease or rental term. Never get stuck with obsolete equipment again.
Equipment Financing vs. Other Payment Options —
Financing your equipment purchase with TimePayment is a smart decision for business owners on a budget. Get the equipment your company needs now and pay for it over time through affordable monthly payments. Use that equipment to generate revenue and significantly impact your company’s bottom line.
Equipment leasing is a smart alternative to purchasing if you do not want to own equipment that may become obsolete quickly. Learn how lease financing compares to other purchasing options:
Equipment Financing vs. Purchasing Outright —
Few companies are in a position where they have enough working capital to purchase all their equipment,furniture, and software outright. If you finance your equipment purchase with TimePayment, your company will have more available credit for future business opportunities.
Equipment Financing vs. Credit Cards —
Many small businesses and startups have limited lines of credit available. When you purchase your equipment with a credit card, you are wasting valuable lines of credit that your company may need to utilize for other expenses. If you finance your equipment purchase with TimePayment, you leave yourself more options for future company needs.
Equipment Financing vs. Small Business Loans —
Equipment financing may be an affordable alternative to a loan. Many lending institutions have very strict requirements businesses must meet before the bank will extend a loan or line of credit. Bank loans usually require a significant down payment that can range between 10% – 20% of the equipment cost.
Receive a credit decision in seconds. Click the button below to start the application process with TimePayment: