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Equipment Finance Corporation

By AICC Staff

January 28, 2021

Equipment Finance Corporation has provided long term, fixed rate financing for new and used Paper Converting machinery since 1993.

Our commitment to the industry continued throughout the Covid-19 shutdown/slowdown period by providing payment extension and rewrites to alleviate our clients’ cash flow concerns. Unlike commercial banks, we are not paralyzed by the fear of the virus slowdown and are lending as always with financing of up to 100% of the total project cost of new machinery with amortization terms of up to 15 years. Loans for used equipment typically include 100% of the cost of equipment, including rigging, shipping, and installation costs with terms of from five to eight years.

As Winston Churchill is credited as once saying: “A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.” We share that optimistic view. We believe that the corrugated packaging industry is stable and growing and we are ready to provide the capital required by our clients to take advantage of their opportunities. We are not hampered by bank regulators and Fed regulations which can result in banks being overly conservative in both their lending availability and programs in the current environment.

Our loan options include early prepayment, annual additional paydown and loan term adjustment options allowing our clients to take advantage of the low monthly payments of a long amortization repayment term, while having the options to shorten the loan term later, make additional principal paydown, or early prepayment. Therefore, you can have low payments without locking yourself into a long term commitment.

Investment in upgraded equipment continues to be an ongoing requirement for corrugated operations in order to satisfy customer requirements, improve production speed, capacity & efficiency and reduce unit labor cost. The need to acquire more efficient, productive and less labor intensive equipment will only increase in the future, as will the cost of machinery. EFC’s 30+ years of industry knowledge and experience allows us to offer qualified clients longer repayment terms plus financial flexibility not available through commercial banks or bank leasing/finance companies.

In addition to loans for newly acquired equipment, we provide debt refinancing to reduce existing loan payments, fix floating rate debt or reduce higher rate debt. Unlike bank lenders, our financial terms and structures are set based on the parameters which best serve the needs of each individual borrower, not a regulatory agency. With our historical knowledge of the resale value of packaging equipment, our credit requirements are also much more flexible than other institutions. We do not burden clients with blanket asset liens, restrictive loan covenants and personal guarantees as are typically required by banks and other lenders. You have worked hard for many years to build a strong, successful business. We recognize that and provide lending terms which you deserve based on your financial strength and time in business, not terms determined by federal bank auditors.

While repayment terms and structure flexibility are extremely important, so is interest cost. Equipment Finance Corporation offers fixed rates which are equal to or less than those of commercial banks, bank leasing & finance companies or other financial institutions serving the Packaging Industry. Our large financial services volume allows us to access funding at below market rates which we can then pass on to our clients in the form of lower rates, but with the attractive long term, flexible repayment plans which are not available through regulated banks and bank owned capital and leasing companies.

Contact Ed Gargiulo at 800-469-1082 or 770-714-0662 or We will be pleased to provide you with a list of your colleagues who we have had the pleasure to assist in the past. They can advise you how Equipment Finance has helped them, and can help you, grow your business and improve your bottom line.

Ed Gargiulo

Executive Vice President


Office: 678-319-0333 ext. 13