Is your company looking into expanding a facility? EFG is here to help you. At EFG, we can provide you a line of credit that draws against your equipment lease throughout the calendar year, allowing you to utilize CAPEX funding.
What is CAPEX funding? CAPEX funding is funding that is used by companies that allow them to acquire, upgrade, and or maintain physical assets, such as buildings, property, plants, technology, or equipment.
EFG is here to help you with all your financing needs, which includes adding project funding, shipping, rigging, and accessories to the equipment you are financing.
CAPEX is a payment for goods or services recorded or capitalized on the balance sheet instead of expensed on the income statement.
This funding is significant for companies to maintain existing equipment, property, and invest in new technology and other assets for growth.
There are some exceptions when it comes to what can be considered CAPEX funding, and what can not. If an item has a useful life of less than a year, it can not be considered CAPEX but must be on the income statement and not capitalized.
When working with Equipment Finance Group, we always put our customers first and work hard to get them the best financing options that fit the companies financing needs.
EFG will work with customers one on one to ensure we can find the best financing options for them, and we will continue to communicate with customers throughout the whole financing process, so they know exactly where the deal is in the pipeline from application to funding.
Are you interested in CAPEX funding, or want to learn more about it, and how EFG can help you? Contact us today, and President/CEO Chris Lyle can discuss it with you.