North Carolina Policyholders: Notice to policyholders recently affected by severe weather. 

hero

Equipment Loans

We want to help you get the new or used equipment you need – fast.

Apply Now

Fast Approvals

Receive a credit decision in as few as 2 hours.

Flexible Plans & Deferrals

Choose a repayment plan from 12 to 60 months. Defer your first payment for up to 90 days, so you can put your equipment to use without immediately impacting cash flow.

Tax Advantages

Take advantage of possible tax savings while you improve your business.

No Penalties for Early Payoff

When you choose Professional Solutions, you don’t have to worry about prepayment penalties. Pay the remaining principal balance any time and only pay interest for the time you have the loan. If you pay off early, you save more. 

Why Business Owners Finance

Financing equipment is a great option for business owners for a variety of reasons.

  • Keeps Cash On Hand - By financing, you can preserve your cash for other business expenses. 
  • Your Credit Lines Stay Open - Your bank credit lines can remain open for operating expenses.
  • Put Your Equipment to Use Earlier  - You’ll start using your equipment immediately, instead of having to wait until you have saved enough.
  • Preserves Your Cash for Other Investments - You can use the extra cash for alternative business or personal investments.
  • It’s Easy - Other lenders may not understand your equipment or may require additional collateral, which could mean more expense, time and hassle.

Call for a no-obligation contract comparison at 800-915-3007.

Fast Approvals and Funding

You work hard to deliver fast, first-rate service to your customers. You deserve the same from your finance company.

We’ll give you quick quotes and credit decisions. You can also count on same-day funding to the vendor you choose. Once you place the order with your vendor, simply send us the invoice so we can handle it from there. 

Application Updates & E-Documents

We won’t leave you guessing about your application. Instead, you’ll get email updates when we receive your application and a credit decision is made. You’ll receive your loan documents electronically for review and signature. We’ll email you as soon as your vendor is paid. 

Quick Funding to Your Vendor

You start using your equipment sooner, because Professional Solutions will pay your vendor quickly with bank transfer/ACH. 


Equipment Financing Terms

We’ll provide you with honest terms without surprises.

Terms
Flexible Payment Plans You may want to pay off your loan early or choose a longer term so payments are lower. You’ll have options with our flexible payment plans that include terms of 12, 24, 36, 48 and 60 months.
Payment Deferrals Choose to defer your first payment for up to 90 days. You can start using your equipment before you start making payments.
Finance Up to 100% Finance the entire amount of your equipment without penalty. No down payment is required. 
Financing for New or Used Equipment Finance new or used equipment, whichever you choose.
No Prepayment Penalties Feel free to pay off your loan early. You won’t be penalized with additional fees. You won’t have to cover the finance charges for future payments. 

Tax Advantages

Don’t forget to take advantage of any tax savings when buying new or used equipment for your business. Talk with your financial or tax advisor for assistance.

Section 179

When you choose to help your business by adding new or used equipment, Section 179 of the IRS tax code could help you save money. 

You can deduct as much as $1,000,000 for a qualifying equipment purchase, even when it is 100% financed. 

How Section 179 Works

Imagine you negotiate a great price of $25,000 on new equipment for your business. With Section 179, you may be able to deduct the entire equipment cost in the year you put the equipment to use. 

Your tax savings could be $8,750 if you're in the 35% tax bracket. The amount you save in taxes could be more than your loan payments for the entire first year. 

Example

Section 44, ADA Tax Credit

To help businesses adhere to the Americans with Disabilities (ADA) Act, Section 44 of the tax code was created. You could get a credit of as much as 50% of your purchase up to $10,250. The maximum credit is $5,000. 

This credit may be available to you if:

  • Your total revenue in the last tax year was $1,000,000 or less; or
  • You have 30 or fewer full-time employees

Tax Benefit Longevity

Because Congress rules on budgets and taxes at different times, we don’t know how long current business deductions will be in effect. Take advantage of possible tax savings while you improve your business.

Apply for a Loan Today

Equipment Loan     Working Capital Loan

This website uses first party and third party cookies to improve your experience and anonymously track site visits. By visiting this website, you opt-in to the use of cookies. OK