Need equipment financing in Ann Arbor? Equipment financing structures loans so the machinery or vehicles you purchase serve as collateral, letting you spread the cost over 2-7 years while you generate revenue from the asset.
Equipment financing
Equipment financing for business covers tangible assets that produce income: CNC mills, medical imaging systems, commercial ovens, delivery trucks, printing presses, and warehouse forklifts. The lender holds a lien on the equipment, which reduces their risk and often results in clearer pricing than unsecured capital. Ann Arbor's concentration of med-tech startups along Plymouth Road and precision manufacturers in Scio Township makes equipment lending a natural fit when growth requires specialized machinery faster than cash flow allows.
Typical financing covers 80-100 percent of the purchase price. You make a down payment, the lender funds the seller, and you repay in fixed installments. Because the equipment itself secures the loan, lenders focus on the asset's useful life and resale value alongside your business credit.
Equipment financing
Small business equipment financing typically requires two years in operation, though startups with strong personal credit and a solid business plan sometimes qualify. Lenders review your revenue, time in business, credit profile, and the equipment's expected lifespan. A Dexter machine shop buying a lathe with a ten-year service life presents lower risk than a food truck operator purchasing used cooking gear.
Ironcrest Lending Group works with multiple equipment financing companies, so we can match your profile to the lender most likely to approve terms you understand. We explain every fee structure before you commit.
Equipment financing
As a licensed commercial-loan broker, Ironcrest submits your application to lenders who specialize in equipment loan products. We gather financial statements, equipment quotes, and vendor invoices, then present your file to partners whose underwriting aligns with your industry and asset type.
Brokers save you the research time of contacting equipment loan companies one by one. We know which lenders finance medical equipment for Ypsilanti clinics, which fund construction machinery for Pittsfield Township contractors, and which approve tech hardware for Ann Arbor software firms. You work with one local point of contact at our 5210 S State Rd office instead of juggling multiple lender portals.
Equipment financing
Consider an Ann Arbor auto-repair shop on Stadium Boulevard that needs a four-post alignment lift. The owner has been in business three years, generates consistent revenue, and holds a 680 personal credit score. Rather than depleting cash reserves, the shop owner contacts Ironcrest Lending Group. We broker an equipment financing package that covers the lift and installation, with the equipment serving as collateral. The shop preserves working capital for payroll and parts inventory while the new lift increases service capacity and revenue per bay.
Equipment financing
Call (734) 275-4683 to start. We'll discuss the equipment type, purchase price, vendor details, and your business financials. You'll provide recent bank statements, tax returns, and a quote or invoice from the equipment seller. We submit to lenders, negotiate terms, and walk you through the documents before closing.
Most equipment financing closes within 5-15 business days once underwriting has complete information. Speed matters when a vendor discount expires or a production deadline looms.
Our service area includes Ann Arbor, Scio Township, Lodi Township, Pittsfield Township, Ann Arbor Township, Webster Township, Dixboro, Saline, Dexter, Ypsilanti, and Superior Township. Visit us at 5210 S State Rd, Ann Arbor, MI 48108, or call (734) 275-4683.
Serving the Ann Arbor area
We know which lenders fund which kinds of Ann Arbor businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.
