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AP Financing

AP Financing

AP Equipment Financing is your fast and flexible solution for arbor equipment, septic and sanitation equipment, commercial UAV equipment and FedEx Trucks.

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FAQs

Frequently asked questions

When does the lease start?

When the equipment has been delivered and is operational. We will conduct a “verbal authorization” where you will instruct us to pay the vendor and commence the lease.

Do you finance all types of equipment in every state?

We are able to offer equipment financing in all 50 states for nearly any type of equipment. Although we do have several industry specific focuses we can also act as a general equipment finance company.

How will leasing equipment benefit my company?

Partnering with us will help build and maintain your business credit. All reporting is done your business’s credit, saving your personal lines of credit for your personal use. Additionally, financing conserves your cash and credit lines in case of an emergency or when your business really needs it.

What are the tax advantages of leasing?

In some instances the monthly lease payment is treated as an operating expense and creates a “line item deduction” against revenue. In other instances the equipment is depreciated and written off over the useful life of the asset. Because every business is unique, we encourage you to seek out a qualified accountant to assist with the specific situation regarding your business or organization.

Are there any down payments required at the beginning of a lease?

The first and last payment is usually required, plus any documentation fees.

Who owns the leased equipment?

The lessor is the owner of leased equipment until you choose to purchase the equipment at the end of lease term. In the case of an EFA, the borrower automatically becomes the owner at the end of term.

How is a lease structured?

A lease is flexible and can be tailored to your business needs. 95% of our customers opt for an Equipment Finance Agreement or EFA which results in the borrower owning the equipment at the end of the term. Terms typically range from three to seven years. The payment schedule can be fixed or timed to fit your needs. The most common is equal monthly payments.

What factors are used to determine credit worthiness of the business?

The length of time in business, references from bank and trades, Dunn & Bradstreet and credit bureau ratings.

How long does the process take?

With most transactions that are under $100,000 the pre-qualification process is completed within 1 – 2 business days. We will then issue the final documentation and when the equipment is delivered we are ready to pay the supplier. In most cases the funding only takes a few days. The longest lead time is typically associated with the equipment availability.

What do I need to get started on an equipment purchase?

A signed and completed one page credit application. We can typically issue approvals from $10,000 up to $100,000 based upon the application alone. Certain programs can qualify for up to $250,000 on an “application only” basis.

Are there any fees or charges that I should know about before signing?

We believe in doing business in a forthcoming manner with no surprises. All fees and charges (usually only a small administrative / documentation fee) are disclosed in an easy to read invoice included in your document package.

How do your rates compare to your competitors?

Although we would love to have the lowest prices in every instance, we know it is impossible to achieve. We carefully set our lease rates at a competitive range depending on the size of the transaction, equipment type, credit quality and other factors. Our lease rates are often on the lower end of the spectrum due to the outstanding performance of our portfolio (minimum losses).

IT'S SO SIMPLE.

Apply

Every equipment financing transaction begins with a credit application. Complete a secure online credit application for expedited decisioning.

Review

Once our credit team reviews the application, a professional account manager will return a proposed structure of your financing agreement for you to review.

Organize

Time to organize and send in documents such as your equipment invoices and we are one step away from...

Sign

Signing your official equipment financing documents. I's have been dotted and T's have been crossed and your equipment is on its way to your business!

SEE THE PROCESS   GET STARTED

I am so grateful for the opportunity for someone to trust in me to expand my business. They kept in complete contact with us from the start to the end, even when they were on a business vacation. At a point when we had to change vendors and purchase a different truck due to circumstances with the previous vendor, no one ever made us feel like it was a bother to reconfigure the paperwork and financing terms. It was a great experience and I would recommend others to do business with this company.

- William - Arborist, SC

My overall experience was great. I believe the funding is going to help us have the equipment we need to operate at a level that will help us grow. The team was great to work with.

- Ryan - Cinematographer, NE

​The first time I used AP was through a bucket truck dealer in Clinton Illinois about five years ago. I made the long trip over there and arrived late in the day. The team worked till eight o'clock at night to get things finalized and to get me on the road with my new bucket truck. They earned my business right there and have used your services numbers times since​.
- Matt - Arborist, IN

The reason why I come back and do business again is because of the fantastic AP team. In my business time is money and it’s nice to have someone do what they say there going to do and work quickly. Thanks!
- Keith - Trucking Company, CA

I give props to Todd Mickey and team!! Great guys to do work with. I'm located in upstate NY. I can get financed faster from AP EQUIPMENT FINANCING using Todd and team in California faster and more efficient than right here in my home town. This is out second loan being held with AP Financing and next year will be our third. Thanks Todd!!
- Walter - Arborist, NY

There were absolutely no issues at all! From Austin to Aubri and then Amanda, these folks are the ones that make the company what it is! They're all super professional, courteous, well-mannered and most of all... friendly as it gets! When I work with these professionals, I know my company can count on them to get all my equipment financed on time and on budget! THANK YOU for being a major part of my company's back bone!
- Tim - Parcel Delivery Contractor, CA

Great customer service and great people!! They really focus on helping you find the best equipment for your business. I've been working with this company for the past 6 years have purchased 8 trucks. Mike Helder and his co-workers have been excellent with prompt service for getting my vehicles financed with good follow up after purchase. Thank you guys.
- Tae - Parcel Delivery Contractor, WA

Working with Fred Williams to secure my company's new truck was a "no-hassle" experience. He was able to answer all my questions and provided timely customer service. I would not hesitate to recommend him, and AP Equipment Financing, to others in my service industry.
- Peter - Parcel Delivery Contractor, ME

Friendly staff always trying to make things go as smoothly as possible. Benefiting our company by supplying financing for equipment necessary to keep us on the road.
- Phil - Parcel Delivery Contractor, WA

The Chevys are working out well! Very good trucks, and they have helped out a lot. It was a pleasure doing business with you guys. Everything went very smooth and everyone I dealt with were very professional, kind, and knowledgeable. Definitely will use you again for any future purchases. Thank you so much for helping me grow my business.
- Christopher - Parcel Delivery Contractor, WY

Hey Jordan! I just want to tell you thank you for all of your help with getting me a new van! Pick-up last Friday went very smooth. The van will be a great addition to my fleet. If I ever need another vehicle you'll definitely be the guy I call! Thanks again for everything!
- Randy - Parcel Delivery Contractor, MN

You've been great to work with and I would without a doubt recommend you guys. You have been the easiest lender to work with and I am very grateful.
- Kelly - Parcel Delivery Contractor, TN

What was most noteworthy to me was that your company took the time to offer information that directly affects our lives as contractors. Moreover, the knowledge we’ve gained from your efforts has placed us in a position to more readily and effectively negotiate for the long-term viability of our company.
- Parcel Delivery Contractor, LA

We were having a hard time finding funding to purchase a truck through our bank. We learned about Allegiant and got approved in a couple days. It was smooth sailing from there! The honest, diligent, hardworking staff made the process a breeze!
- Arborist, CO

In business, you have to acknowledge what your time is worth. I’ve had offers from other financers who will beat Allegiant rates but I know I can count on Allegiant to provide great, timely service every time and for that I will continue to work with them and recommend them to other businesses for the same reason.
- Greg – Arborist, WA

I have been a FedEx Ground contractor for 14 years, operating out of Massachusetts. I just picked up my second Hino and could not be happier with them. I only wish I knew 14 years ago what I know now. Can I give a shout out for the team and all the people involved that made this purchase even more special? Austin, and the ladies at AP Equipment Financing. Thanks Again!
- John – Parcel Delivery Contractor, MA

I started using Allegiant for the relationship I have/had with Dave. This business is about building relationships and, when you find someone you work well with, you make sure to keep that relationship healthy. It’s just good business.
- Greg - Arborist, WA

I came to Allegiant with a time sensitive equipment purchase. A vendor was offering me a $5,000 discount on a soft content wash system if I purchased by the end of the month. There was only one business day left in the month, but due to the hard work from Dave, Janice, Sylvia, and Briana, Allegiant was able to get my equipment funded the next day!
- Greg – Cleaning and Restoration Contractor

Thank you so much for all your help on sourcing and financing my newest truck. It showed up today and it’s absolutely gorgeous and my drivers can’t wait to use it. I know I’m not the easiest person to get in touch with, especially when I’m driving, but thank you very much.
- Brian – Parcel Delivery Contractor

Using AP Equipment Financing has been such an easy and pleasurable experience, a year later I know there was no one else to call. The team helped me acquire the equipment needed at the price that was right. The equipment arrived ahead of schedule and as requested!
- Peter, Parcel Delivery Contractor - NY

It's great to have a lending partner who understands the rental business. A large bank won't understand the up and downs of cash flow for a rental yard like mine.
- Ian - Owner of Rental Company, CT

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Our Programs

  • Equipment Financing
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  • Section 179
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