Capital equipment financing is a crucial cog in the wheel of business success. While bank or credit union lending facilities are standard, the availability of other credit facilities with supportive organizations adds a significant degree of assurance to a company in the event of changes in lending policies or economic downturns. Nova Capital enables companies to diversify their lender risk and may enable the company to free up their balance sheet from the primary lender's perspective.
Nova Capital offers both term financing and leasing of capital equipment. Information required to make a financing decision includes at least two years of financial statements and with small companies, personal financial information on the owner.
Term loans are typically for up to five years and can include flexible repayment terms including skip payments. Security usually includes a charge over the asset financed.
Leases enable a company to improve their cash flow without putting the asset on the balance sheet, which may be advantageous in order to comply with banking covenants. We lease all types of moveable equipment used for industrial and commercial purposes, other than automobiles and non-customized vans. Nova Capital strives to structure our leases to meet your cash flow requirements, delivering our response to your request in a timely manner. Nova Capital uses both its own capital and acts as a broker for other lenders, assuring you of the best rates possible for your credit facilities.
Term loans can be established for periods of up to five years. Whether fixed or floating, we are prepared to address your requirements.