Experience the Highest Level of Service

It's easy to do business with us. Your EFC representative works closely with a team of credit and documentation specialists. We guide our customers through the financing process from application to credit approval to closing. The processes are streamlined to provide you with fast, responsive and customized levels of service. From your initial discussions with our sales professionals through your last payment, we are there to answer all of your questions. Our specialists can help you with invoicing, amortization schedules, account balance inquiries and payoff and rewrite information.

We offer an additional customer service option of electronic payment processing. Our Auto-Debit Repayment Option (ADP) allows you to transfer funds from your bank to ours to satisfy your payments. ADP is simple, free and enables you to make sure all payments are processed in a timely fashion. Equipment Finance Corporation provides attractive and advantageous financing programs with both a short and long term view. In most cases, we do not require monthly, quarterly or semi-annual reporting or audits or loan covenants, and in all cases we provide you with the best financing alternatives available, allowing you to run your business without interference.

Leases

Leasing offers a business some significant benefits in managing its balance sheet and cash reserves. Since the equipment is owned by the Lessor, leased equipment, in many cases, is not included on a business's balance sheet. This improves debt-to-equity ratios and the business's overall credit position. Leasing is a financing alternative for businesses that are unable to take advantage of accelerated tax depreciation. Leasing can also provide a hedge against equipment obsolescence.

Loans

In a Loan transaction, EFC provides financing secured by a lien in the acquired equipment. The purchaser receives all benefits of ownership.

Sale-Leasebacks

In a sale-leaseback, a business sells some or all of its capital equipment to EFC and then we immediately lease the equipment back. A sale-leaseback provides you with a cash infusion and improves your balance sheet by removing the debt associated with the equipment.

Refinancing

Financing new or used equipment or refinancing your current debt can free up cash for working capital. Financing appeals to customers with longer equipment needs and builds equity with every payment. Our loans are tailored with flexible payment terms to match your budgetary needs and goals.

Refinancing, in particular, helps you uncover hidden equity in your assets. EFC can consolidate existing equipment loans into one transaction with one monthly payment. Refinancing allows you to improve cash flow and lower financing costs. In addition, the current equipment value may exceed your remaining debt, thus allowing you to increase the amount you borrow.

Off-Balance Sheet Financing

Off-balance sheet financing is a loan for IRS purposes but uses lease documentation and is subject to lease accounting. Through this structure, a business can receive ownership tax benefits without incurring debt on its balance sheet for accounting purposes.