Navitas Equipment Finance, a subsidiary of United Community Bank, gives specialized equipment financing answers for organizations at some point of severa industries. Founded in 2008 and based in Ponte Vedra, Florida, Navitas has built a recognition for imparting speedy, bendy, and cheap device financing alternatives. Whether you’re a small industrial organization owner looking for to gather new machinery or a franchisee in want of specialized machine, Navitas Equipment Finance is devoted to helping organizations thrive with customized solutions.
What is Equipment Financing?
Equipment financing permits groups to acquire the crucial gadget while not having to pay the entire charge in advance. Instead, corporations can steady a loan or lease, which permits them to pay over the years at the same time as gambling the use of the equipment. This is mainly useful for groups that require excessive-price device but lack the instantaneous capital to make a purchase.
Navitas Equipment Finance gives loans and leases with flexible terms, allowing organizations to pick the solution that fine fits their economic needs. The enterprise caters to a massive type of industries, from healthcare to production, and enables corporations acquire the whole thing from heavy machinery to office era.
Types of Equipment Financing Solutions
Navitas Equipment Finance gives a numerous variety of financing applications designed to fulfill the specific needs of various corporations. These packages encompass device loans, leases, and financing for strong point vehicles. Below are a number of the primary answers supplied via Navitas:
- Equipment Loans & Leases
For agencies in search of to acquire device, Navitas gives each system loans and rentals. Loans provide possession of the machine on the surrender of the time period, while leases permit groups to use the tool for a designated duration before returning it or shopping for it for a residual rate.
Key Benefits:
Flexible phrases: Loan phrases normally range from 12 to eighty 4 months.
Competitive prices: Navitas offers competitive interest prices and customized price alternatives.
Ownership alternatives: Depending on the financing settlement, corporations can non-public the device at the give up of the time period.
These financing alternatives are ideal for groups searching out lengthy-term use of equipment with a clean ownership route.
- New Business Financing
Navitas additionally offers tool financing for more moderen agencies, which might not have set up credit but although require gadget to broaden and operate efficaciously. For organizations that have been operational for six months to 2 years, Navitas offers financing as tons as $50,000.
Key Benefits:
Fast utility way: With minimal office work and a streamlined technique, new groups can get right of entry to the financing they want fast.
No enormous credit score score history required: This program is designed for greater moderen companies that may not but have extensive credit score histories.
Lower down bills: Typically, companies will want to offer a down rate of 20% at the side of a spousal non-public guarantee.
3. Specialty Vehicles & Equipment Financing
Navitas moreover offers financing options for agencies in want of specialized cars and device, together with cars, trailers, and creation machinery. These styles of gadget require custom designed financing answers, and Navitas is prepared to cope with such needs with bendy fee plans and phrases.
Key Benefits:
Customized price plans: Navitas is aware that organizations in specialised industries want tailor-made answers to healthy their financial needs.
Wide form of eligible motors and tool: Whether it’s commercial vans, trailers, or clinical tool, Navitas can finance it.
Industry-precise revel in: Navitas has enjoy running with groups all through industries, from creation to transportation.
4. Franchise Financing
For franchise owners, Navitas gives custom designed system financing answers that assist commercial company owners accumulate the vital device to function their franchises effectively. The business enterprise works carefully with franchisees to develop tailor-made financing programs that align with their particular wishes and dreams.
Key Benefits:
Tailored to franchisees: Financing answers are structured to fulfill the precise requirements of franchise companies.
Flexible phrases: As with other financing programs, Navitas offers bendy terms and payment options.
Industry knowledge: Navitas knows the franchise version and has experience supplying financing to franchise proprietors at some stage in an entire lot of sectors.
Why Choose Navitas Equipment Finance?
Navitas Equipment Finance stands proud for several reasons, consisting of its willpower to presenting speedy, flexible, and tailor-made financing options. Here are a number of the key reasons why groups select out Navitas for his or her machine financing desires:
- Quick and Simple Application Process
Navitas is familiar with that point is of the essence for corporations, this is why they have got designed an expedited software device. Businesses can get preserve of credit choices in as low as two hours, allowing them to make short selections and skip ahead with their device purchases. For device purchases under $75,000, groups frequently handiest need to signal a one-internet page settlement, streamlining the approval manner. - Flexible Financing Terms
Navitas gives flexible financing terms, permitting organizations to pick out the excellent fee time desk for his or her financial state of affairs. With phrases ranging from 12 to eighty four months, agencies can customise their financing plans to align with their coins go with the flow and lengthy-term monetary techniques. - Support Across Multiple Industries
Navitas has the understanding and enjoy to offer financing to agencies at some point of various sectors, which includes healthcare, generation, telecommunications, production, and more. Whether you are a scientific expert looking for to improve your system or a contractor in need of manufacturing equipment, Navitas has an answer for you.
4. Competitive Rates
Navitas gives competitive charges on its gadget financing alternatives, making sure that businesses can get the top notch feasible deal. Rates vary based totally on factors inclusive of the business’s credit score rating profile, the tool being financed, and the type of financing determined on.
5. Reputation and Experience
Navitas is a trusted call within the system financing organization. The business corporation has been in company for over 15 years and is recognized as one of the quickest-growing private businesses within the United States. Navitas is likewise indexed many of the maximum important machine finance corporations by means of Monitor Daily, similarly solidifying its popularity as a reliable financing associate.
How to Apply for Equipment Financing with Navitas
Applying for equipment financing with Navitas is a trustworthy system. Here’s how you could get started:
- Determine Your Financing Needs
Before utilizing, it’s important to evaluate your enterprise’s machine dreams. Consider the form of device you want, the quantity of financing required, and your preferred reimbursement phrases. This will help you pick the right financing solution from Navitas. - Complete the Application
Navitas offers an easy-to-complete online software form. For maximum financing packages, you’ll need to provide fundamental commercial enterprise records, which includes your corporation’s criminal name, tax ID huge range, and economic details. - Submit Documentation
You may additionally moreover want to provide more documentation, along with financial statements, tax returns, or monetary group statements, counting on the size of the mortgage and the shape of machine being financed.
4. Get Approved and Sign the Agreement
Once your utility is submitted, Navitas will assessment your information and offer a credit rating choice. If authorized, you can sign the financing agreement and begin using your new gadget.
Conclusion
Navitas Equipment Finance offers a number of financing solutions that can assist businesses collect the machine they want to be triumphant. Whether you are a new employer owner, a franchisee, or a corporation in want of specialized gadget, Navitas can tailor a financing plan to fulfill your particular dreams. With fast approvals, flexible terms, and aggressive costs, Navitas is a trusted associate for groups trying to grow and thrive.
