Commercial Financing

Business Transactions of $5000 and Up

Grow your business with the right financing.

ALL CREDIT PROFILES CONSIDERED
NEW & ESTABLISHED BUSINESSES
NEW & USED EQUIPMENT
MANY PROGRAMS & PAYBACK OPTIONS
MULTI-ITEM BUNDLING
WORKING CAPITAL & FLOORPLANNING

How it Works

Commercial lending has a lot of specialization. As a borrower, it is impossible to know where best to apply for financing. Applying for financing through Terrace Finance gives you access to our network of lenders curated to serve a wide range of credit profiles and needs. Our customer service team has the expertise to navigate the commercial lending landscape to find the best deal for your business without the hassle of multiple applications. No single lender can compete with our approval rates or our speed.

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Complete the application.

The Terrace 1-page commercial application gives us enough information to get the ball rolling. You can complete it online right here or through a participating merchant.

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Tell us your story.

The Terrace Finance team will contact you to assess your needs further and help you compile the necessary documentation. We’re not afraid of a little paperwork!

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We’ll find your match.

Terrace Finance will match you with an appropriate deal and lender based on your credit profile and needs. We can also match you with a merchant that carries your desired product if you haven’t selected one already.

Available Loan & Lease Products

Equipment Lease

This product is used to purchase equipment but rather than being for a lump sum, the agreement is for a specific piece of equipment. Financing equipment allows you to spread the cost over time and/or preserve working capital. With any equipment purchase, there are tax deductions and bonus depreciation.


Working Capital

This is a loan for a lump sum that is deposited into your account to be used as you see fit. It can be combined with other financing products such as equipment leases.


Asset-Based Loan

This type of loan allows a business to pledge its receivables and/or inventory as collateral for working capital.


Sales Lease Back

This agreement gives you the opportunity to finance a recent cash purchase and receive the money back.


Refinance Wrap

This agreement allows you to refinance debt from an existing loan or lease into a new equipment finance agreement.

Fair Market Value Lease (FMV Lease)

With this financing, you essentially rent equipment for a specific period of time. At the end of the term, you can either return the equipment or purchase it for its Fair Market Value (FMV). The term of this agreement is typically determined by the useful life of the product in your setting and the warranty of the equipment.


Small Business Administration Loan

Commonly used to cover the costs of non-financeable items needed to grow your small business, this lump sum loan can be used as you see fit. Small business loans can be ideal for bridging a gap in cash flow such as covering rent during a slow season or covering the cost of hiring additional staff to expand the business.


Commercial Real Estate Loan

This product assists businesses in refinancing or acquiring commercial real estate.


Bridge Loan

This is a short-term loan used until permanent financing can be secured or an existing obligation resolved. It allows you to meet current obligations by providing immediate cash flow. 

What Do We Finance?

Terrace Finance specializes in business equipment and vehicles, but we have all types of specialty dealers and lenders that handle all sorts of other items you may need for your business. The best way to find out is to fill out our commercial one-pager so an expert can assess the feasibility of obtaining what you need.

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LANDSCAPING & MAINTENANCE EQUIPMENT
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FITNESS EQUIPMENT & SPORTING GOODS
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ELECTRONICS & COMPUTER EQUIPMENT
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CONSTRUCTION EQUIPMENT & TOOLS
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OFFICE FURNITURE
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GENERATORS
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SNOW & ICE EQUIPMENT
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IRRIGATION & PUMPING STATIONS

Why Finance?

Get Needed Equipment Today

Not having essential equipment can hold back your growth. Obtaining what you need now and paying over time can get you cash flowing quicker. The boost you get from having the right equipment can outweigh the cost of financing.

Save Cash Reserves

Keeping a cash buffer in your bank account can really help when you need it. Having predictable monthly payments and cash available for payroll, expenses, or unexpected emergencies can make the cost of financing worth it.

Take Advantage of Tax Benefits

When purchasing new equipment and assets to grow your business there is an advantage to purchasing in the 4th quarter of the year. The tax savings under Section 179 can be considerable.   Learn more about section 179 of the tax code here.

Questions?


Contact:
John Papadopoulos: 888-464-6256 x401 johnp@terracefinance.com
or Bob Zinn: 954-522-3773 bobz@terracefinance.com