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Common Refurbished Equipment Financing Misconceptions

June 28, 2024

Financing refurbished lab equipment often comes with several misconceptions that can deter businesses from exploring viable options. Contrary to popular belief, companies of all sizes, including start-ups, can access low-barrier, flexible payment terms. ALT offers in-house financing, eliminating the need for third-party finance companies, and provides fast, hassle-free transactions without requiring personal guarantees. This tailored approach ensures that businesses can acquire essential equipment efficiently and affordably, enabling them to focus on their core operations.

We’re a new company so we won’t be able to obtain low-barrier, flexible, extended payment terms.

NOT CORRECT! Every ALT customer can take advantage of our extended payment terms. We want you to be able to purchase the equipment that you need to successfully operate your business.

If we choose to pay over time we will have to work with some 3rd party finance company.

NOT CORRECT! ALT has its own, in-house finance team who works directly with customers and their account managers. Our goal is 100% customer satisfaction to build a long-term relationship.

We’re a pre-revenue, R&D company so we won’t be able to obtain low-barrier, flexible, extended payment terms. 

NOT CORRECT! ALT Capital works exclusively in our industry every day and can provide competitive, extended payment terms for pre-revenue start-ups to well-established companies.

This is going to be a hassle.

NOT CORRECT! All you need to do to receive flexible, extended payment terms is to complete a Customer Information Sheet (and, in some instances, provide a bank statement).

The finance companies I have spoken with don’t understand how our industry works.

CORRECT! The vast majority of finance companies are generalists and provide financing to everyone from restaurants and plumbers to truckers and landscapers. That is not what we do at ALT Capital. We work exclusively in our industry every day and can provide competitive extended payment terms for pre-revenue start-ups to well-established companies.

This is going to take forever:

NOT CORRECT! We want you to be able to purchase the equipment from ALT that you need to successfully operate your business so we are built to move fast. We can typically complete a transaction in one day.

The owner of the company is going to have to sign personally to receive extended payment terms.

NOT CORRECT! We do not require Personal Guarantees.

We need to pay cash for the shipping, warranty and sales tax:

 NOT CORRECT! We can offer extended payment terms on the total purchase price.

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