Our financing program options are quick and easy. Most customers will have an answer within 24 hours. Your PEMF Device is the only collateral required.
How will you apply for financing? We have several sources that will finance a PEMF Device. Please choose the one which is most appropriate based upon your business history and credit score.
+ For applicants with excellent credit scores (above 675) and evidence that they have been in business for a minimum of two years, click on either the NewLane Finance logo or OnePlace logo to the right.
- The Newlane Application: In the application find the Capital Cost at $16,000 and related monthly payments based upon the number of months desired and whether the lease commences in 30 days or 60 days or 6 months. You can plug in $20,000 and observe the respective payments change accordingly. While the application is on a computer screen or tablet, fill in the required fields. When complete, print it out and sign/date at the bottom. Scan or take a photo with a smartphone and email it to sales@magnusmagnetica.com. Your application has been remitted for our company's review and submission to Newlane. An answer will be provided within 24 to 48 hours.
- The OnePlace Application: The payment estimator and application proces is entirely online and managed securely through Docusign.
- If help is required, first text us at 323.680.5411 with a request to address any questions or concerns.
+ Don't have a credit score above 675, or your business is a Start Up?
- Should the applicant's business history and credit score not meet the above criteria, then apply by clicking on the Leasing Specialist's logo to the right to download, print, fill out and submit a credit application.
- Do not overlook using PayPal as a finance resource. You must have a PayPal account to apply and determine eligibility.
+ Is this purchase Tax Deductible?
- Under IRS Rule 179 your PEMF Device may be fully depreciated in the year of purchase if used in the conduct of business. Please review this IRS link regarding " What's New for 20XX " on Page 2 for Business use. A personal deduction is allowed only for expenses paid for the prevention or alleviation of a physical defect or illness. Always speak to your accountant about any tax issues.
Calculator Notes
Below you will also find a link to a payment calculator, which already has some preset values embedded.
Enter the desired amount to finance your PEMF Device, minus any down payment or advances.
Enter an interest rate between 7.50% and 8.50%.
Select the number of years to finance your PEMF device.
An approximate monthly payment will be generated. That amount may vary based upon your credit score and other market factors.
UNDERSTAND: The actual market value of your device at the end of the lease term can vary based upon number of hours clocked, the condition of the device and the current marketplace for used PEMF Devices.
Finance Option for HERO X2 Bundles over $3,500.00
Magnus Magnetica is now offering financing for any HERO X2 bundle greater than $3,500.00. A business structure is NOT required. Secure your financing with a down payment with the remaining balance spread over 12 or 18 monthly payments.
How does it work?
+ Down Payment
- A minimum down payment of $1,000.00 is required.
- A larger down payment will result in smaller monthly payments.
+ Interest Rates starting at 12%
- 12% interest rate for credit scores above 700.
- 14% interest rate for credit scores between 600 and 699.
- 16% interest rate for credit scores between 500 and 599.
- Credit scores below 500 are not eligible for financing.
+ Term
- 12 equal installments for a HERO X2 bundle between $3,500.00 and $4,250.00.
- 12 or 18 equal installments a for HERO X2 bundle greater than $4,250.00.
- All payment plans commence on the 1st or 15th of the month following the delivery date.
+ Funding
- The down payment and monthly payments can be withdrawn from your checking account via ACH.
- If a credit card is used, a 3.5% surcharge will be incurred.
+ Interested Buyers
- Email us today at finance@magnusmagnetica.com.
United States Buyers
Click on a logo to download a credit application
Click on the NewLane logo to download their credit application and lease payment calculator. NewLane is perfect for those who have a minimum of 2 years of business history and a credit score over 675. Interest will be at commercial rates of 6-8% or more resulting in economical monthly payments. See their zero down and no payment for 6 months option.
Click to apply for PayPal Credit
You must have a PayPal Account
This finance company is great for startups. Interest will be at consumer rates of 15% or more resulting in higher monthly payments.
Click on a Logo to download a credit application.
Click on the OnePlace logo to go directly to their online payment calculator and credit application. OnePlace is also perfect for those who have a minimum of 2 years of business history and a credit score over 625. Interest will be at commercial rates of 6-8% or more resulting in economical monthly payments.
See their 84 month finance option with easy payoff or optional zero down and no payment for 3 months.
Canadian Buyers
The Canadian Federal Government guaranteed loan will provide the financing you need to get a business started or help an existing business grow.
The CSBF Loan is designed to help businesses purchase, install, renovate and modernize business equipment and other fixed assets.
The interactive map above shows all the participating lenders in the Canada Small Business Financing Program, which seeks to increase the availability of loans to small business.
If you have not found the participating lender of your choice in the interactive map, you may also visit the CSBFP list of lenders.