What is Equipment Refinancing?

Equipment refinancing is a type of asset-based lending where a business’s working equipment serves as collateral for the loan. It is a financial tool used to convert long-term assets into cash in hand. The purpose of refinancing is typically to obtain a significant injection of working capital or to restructure debt. Refinancing can be used to fund growth, meet immediate financial obligations, support a turn around strategy, or consolidate multiple loans, making it more efficient to manage debt and improve financial stability.

How Equipment Refinancing Can Turn Your Truck Fleet Around When Its Upside-down

How Equipment Refinancing Can Turn Your Truck Fleet Around When Its Upside-down

Your truck fleet’s financial condition is upside-down or heading that way – what should you do? You’re making all the right moves a truck company…
Jumpstart Your Truck Fleet’s Turnaround Strategy with Equipment Refinancing

Jumpstart Your Truck Fleet’s Turnaround Strategy with Equipment Refinancing

Trucking companies have been operating in a highly volatile market for too many years! Many are now facing financial challenges beyond their means. As 2023…
Maximize Your Truck Fleet’s Access to Working Capital with Equipment Refinancing

Maximize Your Truck Fleet’s Access to Working Capital with Equipment Refinancing

Maximizing access to working capital is one of the best defense strategies against the growing financial pressures of a struggling economy. Your truck fleet has highly…

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