Advantage+ Launches New Loan Product: The Equipment Financing Agreement (EFA)

By: Advantage+
 
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Advantage+ Small Business Financing
Advantage+ Small Business Financing
MILWAUKEE - Sept. 15, 2014 - PRLog -- Advantage+, a nationwide provider of equipment financing programs, is now offering a new loan product, the Equipment Financing Agreement. Advantage+ Vice President Mike Elton explained, “Our EFA gives borrowers the flexibility of a lease with the simplicity of a loan. And our vendors appreciate the convenience and reduced paperwork.”

The EFA differs from a lease in that the borrower owns the equipment, and Advantage+ is a lien holding lender. Also, an EFA doesn’t require advance payments, saving borrowers up-front cash.  Customers will still enjoy the flexibility and benefits offered by Advantage+ financing, like pre-paying without penalty and options to add to the amount financed or alter terms midstream.

The Advantage+ EFA differs from a bank loan, which is typically secured with all business assets, and often, personal assets as well.

Elton said,  “We’ll continue to offer traditional financing leases, but we believe most vendors and borrowers will prefer our EFA to finance $3,000 to $200,000 for equipment and related costs.”

About Advantage+

Advantage+ is a twenty-three-year-old nationwide equipment financing company. As a direct lender, all loans are self-funded and retained in-house. The company has lent nearly a half-billion dollars to over 20,000 businesses. Advantage+ has an A+ Better Business Bureau rating. Advantage+ is a trade name of Advantage Leasing Corporation.

For more information on equipment financing,contact Mike Elton melton@advantageleasing.com or call 1.800.949.7040.

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