Commercial Financing
Financing your equipment will help you to maintain strong cash flow while helping your business grow.
COMMERCIAL FINANCING
Get the equipment you need, when you need it!
When it comes time to purchase new or used equipment needed to run your business, you don’t have time to wait for the bank. Get a fast approval decision and have your equipment ordered the same day as your approval! Apply Now in just a few minutes!
REVENUE GENERATING
Let the equipment you buy pay for itself over time with a fixed monthly payment.
100% TAX DEDUCTIBLE
Lease payments may be fully tax-deductible as an operating expense. Consult your tax advisor today!
SAVE YOUR CREDIT LINES
Financing with HRF allows you to keep your existing lines of credit open and still acquire the equipment you need.
Fast approval Process
Fill out our one page application and get approved in just a few hours.
Low upfront Costs
Typical HRF lease programs only require two advance payments (or less) along with the documentation fee. Our upfront costs are lower compared to a bank loan that may require 10-30% or more.
Always have the newest equipment
Impress your customers by always having the newest and most efficient technology. Keeping your equipment up-to-date will give you an edge on your competition!
Choose Your Perfect Program
Standard
Most businesses will qualify under the Standard Commercial Program. This program can help a wide range of businesses, from average to great credit strength. The stronger the credit of the business and personal guarantor, the lower your monthly payment will be. Have less than perfect credit? No problem – this program is very flexible and will adjust to your situation.
BUSINESS REQUIREMENTS
– 2+ years in existence
– Sole Proprietors, Partnerships, LLC and Corporations all accepted
– Personal Guarantor is required
– $1,000+ minimum purchase
– Business must maintain active registration with your U.S. state
PERSONAL GUARANTOR REQUIREMENTS
– 600+ FICO Score
– Positive credit history for 1+ year
– History of installment loans preferred
– 5+ open credit lines
PROGRAM HIGHLIGHTS
The Standard Commercial Program offers flexible payment terms with 12-60 month options available. Apply today within minutes and have your equipment ordered within 1-2 business days!
REQUIREMENTS
2+ YEARS IN EXISTENCE
ANY BUSINESS TYPE
PERSONAL GUARANTOR REQUIRED
– Online Application
– Quote or list of equipment to be purchased
– Online Application
– Last (3) months bank statements
– Quote or list of equipment to be purchased
– Online Application
– Last (3) months bank statements
– Last (2) years Financial Statements
– Current Interim Statement
– Quote or list of equipment to be purchased
Premier Commercial Program
The Premier Commercial Program is for well-established businesses with a strong financial base. Typically, a personal guarantor is not required for this program. Check out our requirements below to see if you qualify. Please understand these are guidelines, we may be able to approve you for this program even if you do not meet each of the requirements.
BUSINESS REQUIREMENTS
– Must be a well established business
– LLC’s, Incorporation’s, Non-Profit’s
– Dunn & Bradstreet rated will help
FINANCIAL REQUIREMENTS
– Business must maintain strong Cash Flow
– Audited/Reviewed Financial Statements may be requested
– Commercial Credit history required
PROGRAM HIGHLIGHTS
The Premier Commercial Program is our strongest program available to businesses. Your business will be paying some of the lowest lease payments available in the market today.
REQUIREMENTS
15+ YEARS IN EXISTENCE
LLC’S, INCORPORATION’S, NON PROFIT’S
NO PERSONAL GUARANTOR REQUIRED
STRONG CASH FLOW
– Online Application
– Quote or list of equipment to be purchased
– Online Application
– Last (3) months bank statements
– Quote or list of equipment to be purchased
– Online Application
– Last (3) months bank statements
– Last (2) years Financial Statements
– Current Interim Statement
– Quote or list of equipment to be purchased
Start-up Commercial Program
You are going to need a variety of equipment to get your business off the ground. Hampton Ridge Financial specializes in assisting new businesses with their equipment purchases. We want to be your preferred finance source as you grow your business.
BUSINESS REQUIREMENTS
– 0 – 2 years in existence
– All Business Types including Sole Proprietorships
– Personal Guarantor is required
– $1,000+ minimum purchase
PERSONAL GUARANTOR REQUIREMENTS
– 600+ FICO Score
– Positive credit history for 1+ year
– History of installment loans preferred
– 5+ open credit lines
You’ve got options!
Many financial institutions simply do not offer financing to new organizations. With Hampton Ridge Financial, you’ve found a partner that will not only help you get off the ground, but will be there to help you grow for years to come.
REQUIREMENTS
0-2 YEARS IN EXISTENCE
ALL BUSINESS TYPES
PERSONAL GUARANTOR REQUIRED
– Online Application
– Quote or list of equipment to be purchased
– Bank statements may be required
Second Chance Commercial Program
Challenged credit? We believe everyone deserves a second chance. If you filed for bankruptcy in the last few years or simply fell behind on payments causing your credit score to suffer, we can get you approved! Our goal is to help you get back on track and help you build your credit back up to where it should be.
BUSIENSS REQUIREMENTS
– 0+ years in existence
– All business types including Sole Proprietorships
– Personal Guarantor is required
– $1,000.00+ minimum purchase
PERSONAL GUARANTOR REQUIREMENTS
– 550+ FICO Score
– No currently past due accounts
– If a previous bankruptcy, must have newly established installment history since dismissal
– No open tax liens or judgments
REQUIREMENTS
0+ YEARS IN EXISTENCE
ALL BUSINESS TYPES
PERSONAL GUARANTOR REQUIRED
NO CURRENTLY PAST DUE ACCOUNTS
– Online Application
– Quote or list of equipment to be purchased
– Bank Statements may be required
FAQs
Why Lease?
If you need it for your business, there is a good chance we have leased it. Almost any type of business equipment qualifies, even used equipment.
Yes! Instead of expending your cash reserves, you can generate revenue while making low monthly payments. This keeps your cash reserves available for other expenses.
Yes! We provide financing for start-up businesses. Let us help you grow you business for years to come.
With a lease, there is no prepayment penalty if you choose to pay off your contract early. If your goal is to pay the contract off early, we recommend choosing the shortest term that your budget can handle. This will provide you with the lowest out of pocket cost to fulfill your contract. Your early payoff amount is simply the remaining payments left in the contract, minus any discounts.
We believe in second chances. Even if you have a previous bankruptcy and have re-established your credit, or simply went through a rough patch and missed a few payments, we can still get you approved.
EQUIPMENT EXPENSE
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