Get the equipment your business needs without depleting cash reserves. RMO equipment financing offers competitive rates with the equipment itself serving as collateral.
Competitive terms and features designed for RMO members.
Finance machinery, vehicles, technology, medical equipment, restaurant equipment, and more.
Keep your working capital intact by financing equipment over time instead of paying upfront.
The equipment itself secures the loan, often making it easier to qualify.
Equipment financing may offer tax advantages like Section 179 deductions for your business.
Better rates, better terms, better support.
Spread the cost over the useful life of the equipment instead of a large upfront payment.
Equipment-secured loans can be easier to qualify for than unsecured business loans.
Finance upgrades as needed to keep your business competitive with modern equipment.
Choosing between financing and leasing depends on your business needs, cash flow, and long-term plans for the equipment. Here is a comparison to help you decide. Equipment Financing (BizEQ Purchase): Ownership: You own the equipment outright once the loan is paid off. Depreciation: You may be able to depreciate the asset on your tax return. Higher Payments: Monthly payments are typically higher than lease payments because you are paying the full purchase price. Best For: Equipment with a long useful life that you plan to keep for many years. Equipment Leasing (BizEQ Lease): No Ownership (Initially): You use the equipment during the lease but do not own it until you exercise a…
RMO Financial helps businesses acquire the equipment they need through flexible financing and leasing options under the BizEQ program. BizEQ Purchase — Finance the full purchase of new or used equipment with a fixed-rate loan. You own the equipment from day one, and it serves as collateral for the loan. Terms range from 12 to 84 months with competitive rates. BizEQ Lease — Lease equipment with lower monthly payments than purchasing. At the end of the lease term, you can purchase the equipment at fair market value, return it, or upgrade to newer equipment. Lease terms typically range from 24 to 60 months. BizEQ Flex — A hybrid structure that combines elements of both financing and…
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Find answers to common questions about equipment financing, eligibility, and account management.
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