Completely customized
heavy-equipment
financing solutions
Innovative equipment loans and creative financing
solutions, tailored to you.
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Conserve Your Cash
HFA can assist in structuring your equipment purchase with little-to-no money down, keeping your much-needed cash in your business.
Unique Payment Structure
We can customize your equipment finance or lease terms to meet your company’s specific cashflow needs.
Up to $650k, Hassle-Free
If you’re a well-qualified applicant, you can request up to $650k in financing without having to submit your financial information. Restrictions apply.

Financing Requirements

Up to $650k

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  • At least 3 years in business
  • Satisfactory borrowing history3
  • Satisfactory personal credit history
  • No prior bankruptcies or outstanding tax liens

More than $650k1

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  • At least 3 years in business
  • Satisfactory borrowing history
  • Satisfactory personal credit history
  • No prior bankruptcies or outstanding tax liens
  • Last two years corporate tax returns, AND current year financial statements

New Business2

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  • At least 3 years in business
  • Satisfactory borrowing history
  • Satisfactory personal credit history
  • No prior bankruptcies or outstanding tax liens
  • Down payment requirement of at least 15% of the purchase price
  • Most recent personal tax return AND personal financial statements
‍Up to $650k
More than $650k1
New Business2
Years in business
At least 3
At least 3
Less than 3
Borrowing History
Satisfactory3
Satisfactory
Satisfactory
Personal Credit History
Satisfactory
Satisfactory
Satisfactory
No prior bankruptcies or outstanding tax liens
Down payment requirement of at least 15% of the purchase price
Tax Returns
Last two years corporate tax returns, AND current year financial statements
Most recent personal tax return AND personal financial statements
1 More than $650k or transactions not meeting “application-only” criteria. Depending on the size of the transaction, additional items may be required.
2 Business plan that includes your industry experience, market area, competition, revenue, and expense projections for the new business.
3 Satisfactory borrowing history for at least 80% of the requested amount, for at least 12 months.

Should you buy or lease?

Purchasing options

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Term Equipment Loan
Take advantage of terms of 24 to 120 months, depending on the age of the collateral.
‍
In lieu of a cash down payment, use the equity you have in existing equipment.
Structure a variety of payment options for the full length of the borrowing terms.
Customized Equipment Loans
Couple our term loans to fit a variety of cash flow
scenarios:
  • Deferred Payment Option
    Defer your first payment for up to 90 days. This plan allows your new acquisition to generate revenue before your equipment loan payments begin.
  • Step Payment Program
    Gives new equipment start-up time. Structuring a low-to-high repayment program allows for lower-than-normal payments in the beginning, when your acquisition is new to your fleet, and then increases as your acquisition gains market share.
  • Seasonal Skip-Payment Program
    A great option if your workload varies throughout the year due to varying weather conditions. Loans can be structured with no payments or partial payments during off-season periods.

Leasing options

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Finance Lease Or Capital Lease
A non-tax oriented lease, which provides your company with a stated purchase amount at the end of the lease term.
Purchase amount can range from $1.00 up to a percentage of the equipment cost.
TRAC Lease
A terminal rental adjustment clause (TRAC) lease is a tax-oriented lease available for over-the-road, titled equipment.
‍
The equipment lease is structured with a residual guaranteed by the lessee.
‍
Generally, the TRAC lease requires a payment in advance, conserving your cash outlay.
‍
At the end of the lease term, the equipment can be purchased for the guaranteed residual amount, or returned.
Tax Lease
An off-balance sheet lease which can help to preserve your company’s ratios and conserve capital.

The tax lease provides your company with structured payments where you will only need the use of the equipment for a specified period of time. At the end of the equipment lease term, your company has the option to purchase the equipment at Fair Market Value (FMV), return the equipment, or renew the lease and keep the equipment.
Purchasing options
Term Equipment Loan
Take advantage of terms of 24 to 120 months, depending on the age of the collateral.
‍
In lieu of a cash down payment, use the equity you have in existing equipment.
Structure a variety of payment options for the full length of the borrowing terms.
Customized Equipment Loans
Couple our term loans to fit a variety of cash flow
scenarios:
  • Deferred Payment Option
    Defer your first payment for up to 90 days. This plan allows your new acquisition to generate revenue before your equipment loan payments begin.
  • Step Payment Program
    Gives new equipment start-up time. Structuring a low-to-high repayment program allows for lower-than-normal payments in the beginning, when your acquisition is new to your fleet, and then increases as your acquisition gains market share.
  • Seasonal Skip-Payment Program
    A great option if your workload varies throughout the year due to varying weather conditions. Loans can be structured with no payments or partial payments during off-season periods.
Leasing options
Finance Lease Or Capital Lease
A non-tax oriented lease, which provides your company with a stated purchase amount at the end of the lease term.
Purchase amount can range from $1.00 up to a percentage of the equipment cost.
TRAC Lease
A terminal rental adjustment clause (TRAC) lease is a tax-oriented lease available for over-the-road, titled equipment.
‍
The equipment lease is structured with a residual guaranteed by the lessee.
‍
Generally, the TRAC lease requires a payment in advance, conserving your cash outlay.
‍
At the end of the lease term, the equipment can be purchased for the guaranteed residual amount, or returned.
Tax Lease
An off-balance sheet lease which can help to preserve your company’s ratios and conserve capital.

The tax lease provides your company with structured payments where you will only need the use of the equipment for a specified period of time. At the end of the equipment lease term, your company has the option to purchase the equipment at Fair Market Value (FMV), return the equipment, or renew the lease and keep the equipment.
All transactions subject to full credit review. Rates, terms, conditions, advance-payment options and structure based on credit qualifications. Due to the extensive accounting and tax guidelines, you should speak to your accountant and/or tax consultant to discuss how different finance structures will impact your business.
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Harry Fry & Associates
291 Main St.
West Newbury, MA 01985
(978) 308-1000
info@harryfry.com
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