How Equipment Financing Works

See how we can help you grow your business.

What is Equipment Financing?

When a business is in need of equipment and doesn’t want to dip into cash reserves or their bank line, equipment financing is the way to go. Businesses choose Lease Corporation of America because they can acquire the needed equipment at a low, fixed monthly payment with little or no money out of pocket. With LCA, a business chooses the equipment and the supplier and we provide the financial means to get you the equipment fast and affordably.

The Equipment Financing Process

LCA understands that navigating through the financing process can seem daunting. That's why we break it down in these 5 easy steps. 

Step 1

You determine the equipment your business needs. Not all of it needs to come from the same equipment provider, either.

Step 2

You complete the Equipment Financing Application. The entire approval process can often take less than 4 hours.

Step 3

Once your business has been approved, a Lease Corporation of America team member will work with you to get your equipment. Know what you need, but not sure where to get it? LCA has relationships with thousands of already-approved equipment suppliers.

Step 4

Once all the paperwork is done, your equipment is ordered and delivered to your business.

Step 5

Lease Corporation of America pays your equipment supplier(s) and your financing term begins.

Same Day Approvals

24-Hour Funding

Get more information or request an equipment financing quote