Commercial Equipment FinancingUpdated 16 days ago

ANCORE offers commercial equipment financing through Rigquipment Finance for qualifying business purchases of $5,000 or more.

This option is designed for gyms, training facilities, physical therapy clinics, colleges, sports organizations, and other commercial customers that want to invest in ANCORE equipment while spreading the cost across predictable monthly payments.

How does commercial financing work?

Rigquipment Finance offers a full-payout finance lease, sometimes referred to as a rent-to-own structure.

With this financing option, your business makes fixed monthly payments over the agreed-upon term. Once all required payments have been completed, the equipment belongs to your business. There is no additional buyout payment required at the end of the term.

Financing options include:

• Fixed monthly payments
• Terms from 12 to 60 months
• Financing amounts from $5,000 to $250,000
• No cost to apply
• A 3% origination fee due at closing
• The final month’s lease payment due at closing as a security deposit

Rigquipment Finance is a direct lender rather than a financing broker. This means customers work directly with the company responsible for the application, approval, funding, and servicing of the financing agreement.

Customers can also contact Rigquipment Finance directly to discuss options such as early payoff, financing additional equipment, or establishing multiple concurrent financing agreements.

Are there potential tax benefits?

The financing structure may qualify for capital lease treatment for tax and accounting purposes. Depending on your business and tax situation, this may allow you to deduct depreciation as well as the implied interest portion of your financing payments.

Qualifying equipment may also be eligible for Section 179 treatment, which can allow eligible businesses to deduct some or all of the equipment cost in the year it is placed into service.

Tax treatment varies based on your business and individual circumstances. ANCORE and Rigquipment Finance do not provide tax or accounting advice, and we recommend consulting with your accountant or tax advisor to determine how these benefits may apply to your business.

Who is Rigquipment Finance?

Rigquipment Finance is a direct lender that specializes in working with boutique fitness and related businesses.

Because its team works exclusively within the fitness industry and has supported thousands of gyms nationwide, Rigquipment Finance brings experience with studio-level economics, facility growth, equipment purchases, and expansion planning.

All parts of the financing process, including application review, underwriting, funding, and servicing, are handled in-house. This allows Rigquipment Finance to provide faster approval and funding timelines while creating flexible financing solutions based on the needs of each business.

Rigquipment Finance also focuses on long-term customer relationships, which can be particularly helpful for businesses planning future facility openings, expansions, or additional equipment purchases.

Will applying affect my personal credit?

Rigquipment Finance reviews individual credit using a soft credit pull.

A soft pull does not impact your personal credit score.

How do I apply?

The financing process begins with an initial online application.

After submitting the application, you will receive an automated email with access to the Rigquipment Finance online portal. Your username will be the email address used on your application, and you will be able to create your own password.

Rigquipment Finance will review your personal credit history through a soft pull and collect additional information about your business to determine approval, rates, and available terms.

The application process includes three main steps:

Step 1: Complete the business questionnaire

You will complete an online questionnaire with general information about your business.

Rigquipment Finance uses this information to better understand your business and build customized financial projections that support the approval process.

Step 2: Speak with a Rigquipment Finance team member

You will schedule a call with a member of the Rigquipment Finance team.

During this conversation, you can discuss your equipment needs, business plans, financing request, and any questions you have about the process.

Step 3: Submit supporting documentation

You will submit a short list of supporting documents through the online portal.

The requested information may relate to:

• Your business model
• Your facility
• Sources of capital
• Business ownership

Once the required information has been submitted, the Rigquipment Finance team will complete its review and provide available financing options.

Ready to explore commercial financing?

Commercial financing is available for qualifying ANCORE purchases between $5,000 and $250,000.

Start by clicking here to submit the Rigquipment Finance application. After applying, the Rigquipment Finance team will guide you through the remaining steps and answer questions about approval, terms, monthly payments, and the financing process.