Conveyor systems move material continuously, from overland conveyors at mines and quarries to belt and roller systems in warehouses and distribution centers. They cut handling costs, but much of their cost is engineering and installation.
Subject to credit approval and documentation.
An EFA is common. For large installed systems, ask us about funding in stages as installation milestones are met.
| Equipment finance agreement (EFA) | You own it from day one. Fixed payments; usually eligible for Section 179. |
|---|---|
| $1-buyout lease | Lease payments, then you buy it for $1. Treated much like an EFA for tax. |
| Fair-market-value (FMV) lease | Lower payments. Return, renew or buy at market value at the end. |
Time in business, business and owner credit, revenue, and the equipment’s details: make, model, year, serial number and condition. Requests above $1M also need financial statements.
Equipment bought with an EFA or $1-buyout lease and placed in service by December 31 may qualify for a first-year deduction. Estimate your tax savings.
Need cash for delivery, training, materials or the ramp-up? Add working capital to the same application.
Often, within soft-cost limits. We review the quote and installation scope together.
Ask us. Some projects can be funded as installation milestones are met, depending on the scope and your credit.
LenderCloud finances equipment from $10,000 to $10 million. Requests up to $1 million can usually be decided on the application alone; larger requests need financial statements. All financing is subject to credit approval.