Beacon Funding helps screen printing shops qualify for equipment financing without years of perfect credit history. Whether you’re opening a new shop, upgrading presses, or expanding production capacity, Beacon Funding can help you get the equipment you need while preserving cash flow.
Beacon Funding’s Screen Printing Equipment Financing at a Glance
Beacon Funding offers screen printing equipment financing from $10,000 to $500,000+, with terms from 24 to 84 months and approval within 24 hours. To qualify, Beacon Funding looks at time in business, industry experience, personal and business pay history, your equipment, and recent financial performance, rather than credit score alone. Beacon Funding approves 7 out of 10 applicants and has financed more than $1 billion in equipment since 1990, giving screen printing shops of all sizes, including startups, a clear path to the equipment they need.
In this article...
- Listen To The Podcast Episode
- Financing Equipment vs. Paying Cash for Equipment
- What You Need to Qualify
- Determine the Amount of Financing
- Benefits of Screen Printing Equipment Financing
- How to Get Approved with Beacon Funding
- Customer Success Spotlight
- Frequently Asked Questions
Listen To The Podcast Episode
Want the short version? Tune into this episode of The Equipment Finance Navigator, where we break down exactly what it takes to get approved for screen printing equipment financing.
Financing Equipment vs. Paying Cash for Equipment
When it’s time to add or upgrade screen printing equipment, you generally choose between two payment methods: paying cash or financing.
Paying cash means committing a large amount of working capital to a single purchase, capital that would otherwise cover payroll, ink, or marketing. Financing spreads that same large equipment cost into a low monthly payment instead.
Here’s how financing compares to paying cash:
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Factor
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Equipment Financing
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Paying Cash
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Upfront cost
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Spreads the equipment cost across monthly payments instead of one lump sum
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Full purchase price paid at time of purchase
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Cash flow impact
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Keeps working capital available for materials, payroll, and other operating costs
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Ties up cash that could otherwise cover operating expenses
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Time to get equipment
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Beacon Funding approves most applications within 24 hours, so equipment can be ordered as soon as financing clears
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Purchase is delayed until the full amount is saved
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Term length
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24 to 84 months with Beacon Funding
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N/A – one time payment
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Tax treatment
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May qualify for a Section 179 deduction on the financed equipment*
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May also qualify for a Section 179 deduction if the equipment is placed in service in the same tax year*
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Flexibility to upgrade
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Shorter terms and lease structures make it easier to replace equipment as needs change
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Upgrading requires a new full cash outlay
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Financing equipment means you can get equipment sooner, spread out the upfront cost, keep more cash on hand for day-to-day operations, capture available tax benefits, and build business credit along the way.
For example, financing a $50,000 automatic press over a 24 to 84 month term means you’re not pulling $50,000 out of your account today. You keep that cash available to run and grow your shop while the equipment itself helps generate the revenue to pay for it.
Working with Beacon Funding also means getting guidance from people who understand the equipment itself.
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What You Need to Qualify for Screen Printing Equipment Financing
Beacon Funding evaluates six factors when reviewing an applicant for screen printing equipment financing. Here’s how that compares to a typical traditional bank.
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Factor
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Beacon Funding
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Traditional Banks
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Time in Business
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No minimum. Startups welcome.
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Typically 2+ years required
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Business Pay History
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Considered even while still developing. Helps you build business credit over time.
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Typically requires an established track record.
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Equipment Age
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No strict age limit. New or used financed if it’s in good condition.
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Often restricted to newer equipment.
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Financial Performance
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Last 3 months of business bank statements.
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Typically 12 to 24 months of banks statements.
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Transaction Size
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$10,000 to $500,000+, with terms from 24 to 84 months.
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Often less flexible for small-ticket transactions.
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Determine the Amount of Financing
The cost of the equipment you need determines the amount of financing to request. Before you apply, add up the total cost beyond the sticker price, such as:
- Shipping
- Installation
- Maintenance
- Training
Once you know that total, use Beacon Funding’s screen printing equipment financing calculator to estimate your monthly payment.
CALCULATE YOUR LOW MONTHLY PAYMENT
When you calculate your financing amount, account for costs beyond the equipment price, such as:
- Shipping
- Installation
- Maintenance
- Training
Talk to a Financing Expert
Talking with a Certified Lease and Finance Professional (CLFP) is an easy way to find out if you qualify for screen printing equipment financing and get guidance specific to your business.
SCEDULE A MEETING
Since 1990, Beacon Funding has financed more than $1 billion in equipment and approves 7 out of 10 applicants. That track record gives screen printing shop owners a financing path even while they're still building credit history.
Benefits of Screen Printing Equipment Financing
Get Equipment Faster
Financing gets equipment into your shop faster than saving up to buy it outright. You get the machine you need without paying the full cost upfront.
Preserve Cash Flow
Screen printing equipment financing keeps your cash flow available for materials, payroll, and other operating costs.
Capture Tax Benefits
Financing your equipment may qualify you for a Section 179 deduction, which can let you write off a significant portion of your equipment cost in the year you finance it*. The exact amount depends on your business's tax situation and current-year limits.
*Remember: Be sure to consult your CPA or tax advisor to discuss whether your equipment is eligible for tax savings.
How to Get Approved with Beacon Funding
Before you apply, consider the ownership, financing, and operating costs of your equipment. At Beacon Funding, applying is straightforward and takes a few minutes.
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START THE APPLICATION
Customer Success Spotlight
Beacon Funding has helped a variety of screen printing and decorated apparel businesses achieve their dreams by growing their shops by adding equipment. Here are three examples:
- Lone Star Awards and Graphics creates the uniforms, jerseys, t-shirts, hats, and trophies that make game day possible for sports teams, financed with equipment from Beacon Funding.
- Koalaty Embroidery & Screen Printing has partnered with Beacon Funding for more than 15 years to build a successful decorated apparel business.
- Icon Screening, Inc. worked with Beacon Funding to finance seven pieces of equipment, including large automatic printing presses, gas textile dryers, an automatic folding machine, and a delivery truck.
Frequently Asked Questions About Screen Printing Equipment Financing
What credit history do I need to qualify for screen printing equipment financing?
Beacon Funding reviews personal and business pay history along with your last 3 months of bank statements, rather than relying on a single credit score. This approach has helped businesses like Icon Screening, Inc. and Koalaty Embroidery & Screen Printing get approved and grow their shops.
What equipment financing options are available with Beacon Funding?
Beacon Funding offers fast and easy equipment financing tailored for startups and established businesses in the screen printing industry, helping them acquire the equipment they need without large upfront costs.
How can Beacon Funding help my shop grow?
With Beacon Funding’s financing solution, you can say “yes” when opportunity knocks, keep cash on hand for critical expenses, and ensure you have the screen printing equipment needed to generate revenue.
Does Beacon Funding finance used screen printing equipment?
Yes. Beacon Funding does not set an age limit on the screen printing equipment it finances, as long as it’s in good condition. This flexibility has helped shops like Lone Star Awards and Graphics upgrade their equipment without waiting to save up for new machines.