Programs
Most of what we write goes through iFinancial® Direct $1M. The programs below cover the situations that do not: a multi-site rollout, a company under two years old, equipment already paid for, or working capital that cannot wait on a conventional process.
Most competing application-only programs stop between $250,000 and $500,000. iFinancial® Direct $1M runs to a million, because the credit decision is made here rather than shopped to somebody else.
Apply nowOur philosophy is finance the equipment, not police the company.
One page, and nothing to file with us every year afterward.
A small first machine gets the same one-page application as a $1M deal.
No tax returns, no audited financial statements.
Nothing to submit every year for the life of the transaction.
No cash flow or EBITDA coverage ratios to maintain.
Up to 30% of the transaction in eligible delivery, installation, setup, software and training.
No impact on your credit score.
Dealer, private-party or auction purchases.
No third party in the loop to wait on.
| A bank, typically | iFinancial Group |
|---|
When iFinancial® Direct $1M isn't the right shape
Use the same application for any of them. Your program selection carries through with the request so the right structure is clear from the start.
Vendor-neutral master lease
For a rollout rather than a machine. The facility is underwritten once, and equipment draws against it as it ships, so a plant expansion or a multi-site refresh isn't re-underwritten every time another purchase order lands.
Typically used for expansions, technology refreshes and fleet replacement programs.
Apply for iFinancial® Direct $10MCompanies under two years
Most equipment lenders start the conversation at three years in business. We don't. A company that just took on the work it needed the machine for is usually the one that needs the machine most.
If you've been turned down on time in business alone, this is the one to call about.
Apply for iFinancial® Direct LaunchRefinance recent purchases
For equipment you already bought and paid for. If you wrote a check for a machine recently, that capital doesn't have to stay in it. We typically finance it after the fact at 100% of the invoice and put the money back in your account.
Typically used when cash went out for a machine that needed to run immediately, or when a purchase was made before financing was arranged.
Apply for RefinanceWorking capital
Not tied to a piece of equipment. No equipment collateral. The money is yours to deploy against payroll, inventory, a job that has to be funded before it pays, or a window that closes before a conventional process would finish.
Typically used for payroll, inventory, opportunities with a short runway and working capital between receivables.
Apply for Working capital
Hardware, networking and the software licenses that make it useful can go into one transaction, including up to 30% of the deal in eligible soft costs.
One page, no tax returns or financial statements, and no obligation until you review the terms. If you want to see how the payment can be shaped first, start with the structures.
