Our rates start at 3.95%. Interest rates are calculated as a simple APR.
Are these leases or loans?
Our contracts are standard equipment finance agreements (EFAs). EFAs are similar to loans whereas you are the outright owner of the equipment (no additional buyout cost at the end of the term). Rates and payment quotes are based on an EFA structure.
We can structure a lease if preferred. If you are interested in the flexibility of leasing your equipment, please click the link below to schedule a call. We'll provide a better idea of term lengths available, along with estimated lease payments, based on the equipment you are considering.
Do you require money down?
We do not require money down. Every application we receive is considered for 100% of the amount requested. That said, if we cannot find sufficient credit history to support an approval for the full amount requested, we will issue an approval for a lesser amount rather than outright declining your business.
What makes Contend different from all the other finance companies?
We are a manufacturing lender and therefore can approve up to $500k of manufacturing equipment solely based on one application, with the most competitive rates. If you have an established business with comparable credit history, we are a great option. If you do not have an established business, or do not have great credit, we are not the best option.
I've had bad experiences with finance/leasing companies, how do I know this won't be the same?
It's good to be skeptical, there are several bad actors in the leasing and financing space. For any finance company you work with, make sure you READ the contract before signing! Our contracts are very transparent and easy to interpret. We're happy to walk through them with our customers and answer any questions they may have prior to signing (no high-pressure sales tactics). If you'd like to learn more about us, schedule a call using the link below. With thousands of customers across the country, we can point you towards someone in your area so you can reach out for candid feedback.
Will applying hurt my credit?
If you apply to 7 places at one time, yes. If you are looking for the best option to finance your manufacturing equipment and have decided to apply with us, our credit inquiry will have little to no impact on your score. That said, if you still aren't ready to apply, click the below link to get schedule a call. We can gauge if you are qualified and provide an estimate of monthly payments with no impact to your credit.
What are your credit guidelines?
Please see our credit guidelines here.
Do you work with startups?
The quick answer is no. Our services are tailor-made for established (2+ years), growing manufacturing businesses.
Nonetheless, if you're a new American manufacturer, we're happy to support the effort. If you could use help with funding your new business, our team would be happy to share our expertise. Click the link below to schedule a one-time free consultation and we'll provide some tips to help support your new venture.
Do you work with businesses/owners who have poor credits?
Unfortunately, we do not. Please see our credit guidelines here for reference.
Do you work with companies in Canada or Mexico?
No, we only work with American manufacturing companies.
What is your minimum transaction size?
Our minimum transaction size is $50,000.
Do you finance used equipment?
Yes, we finance used equipment. We have no age restrictions on used equipment.
Do you only work with certain dealers?
We can work with just about any dealer or OEM that sells manufacturing equipment. Our network of preferred partners consists of reputable sellers who our customers have had great experiences with. If you are still shopping different machine options (new or used), we're happy to connect you to one of these partners. We obtain no financial compensation to do so and you are by no means obligated to use them.
What do I need to do in order to apply for financing?
You can complete the one page application
here. If you have a quote (or online listing) of the equipment you are applying for, please also upload this
here.
Are there any hidden charges?
No. We only charge a one-time documentation fee ($350) and one consistent monthly payment based on the amount your are financing. These costs occur after you have been approved and have signed all paperwork. It costs nothing to apply.
Can you re-finance equipment I already own?
We do not re-finance equipment. If you've been in possession of the equipment for over 20 days, we won't be able to help. If you are still finalizing an order and have yet to receive your equipment, we can still help.
Can I talk to someone?
Sure, please schedule a time using the link below.
