Albany is the state capital and the center of the Capital District. Caterers, print shops, offices and clinics here each depend on equipment, and replacements arrive unannounced.
Apply Now →Albany, the capital of New York and the oldest surviving settlement of the original British Thirteen Colonies north of Virginia, had 99,224 residents in the 2020 census. It is the economic and cultural core of the Capital District, which includes Schenectady, Troy and Saratoga Springs. A capital draws government offices, associations, law practices and the businesses that serve them: caterers, printers, courier services, IT firms, and the restaurants and cafes around them.
Each of those depends on a few expensive things: ovens and refrigeration, printing presses and finishing equipment, servers and workstations, vehicles. When one fails, the business stops.
Before financing a replacement, fill in six numbers.
| Item | Example, for illustration |
|---|---|
| A. Age of the machine | 9 years |
| B. Cost to repair now | $4,500 |
| C. Repairs in the last 12 months | $3,000 |
| D. Revenue lost per day of downtime | $1,200 |
| E. Days down last year | 5 |
| F. Replacement cost | $38,000 |
Last year this machine cost $3,000 in repairs plus 5 days of downtime at $1,200, which is $6,000, so about $9,000 of drag. If that repeats, a $38,000 replacement that removes it is paying back about a quarter of its cost each year before counting any efficiency gains. The numbers are round examples, not our terms.
A caterer with one commercial oven should treat it as critical path. A back-office printer should not.
Finance equipment for no longer than you expect to use it. Computers and servers age faster than ovens and presses. If the need is operating cash rather than a purchase, see working capital or a line of credit; for a defined project, term loans.
We fund $25,000 to $5,000,000, with funding in as little as 24 hours. FICO 500+ is considered, about three months of business bank statements are reviewed, and tax returns are not required. The application takes about five minutes, with a soft credit pull. Sole proprietors can apply. Apply and describe the equipment. Related pages: restaurants, healthcare, construction, bad credit, the Albany County page and the Capital Region overview. Cohoes, Watervliet and Latham are neighbors.
Total the last year of repair costs plus lost revenue from downtime. If that approaches a fifth of the replacement cost, replacement is usually easier to justify.
Otherwise you may still be paying for a machine you have already replaced.
Describe the equipment in your application, from kitchen and print equipment to vehicles and computers.
FICO 500+ is considered, with a soft credit pull.
No. About three months of business bank statements.
Three months of business bank statements and a 5-minute application. FICO 500+ considered. $25,000 to $5,000,000, funded in as little as 24 hours.
Apply Now →It takes about two minutes and it will not affect your credit score.
No obligation • No impact to your credit score
