Excedr offers non-dilutive capital in the form of equipment leases designed for biotechs.
Extend cash runway, hit R&D and commercialization milestones faster, and raise your next round at a favorable valuation.
The success of a biotech relies on ample runway, the best equipment, and the best people. When you purchase your lab equipment, you forgo the runway and liquidity needed to support research and hire a team of talented scientists.
When you lease your equipment instead, you can:
We provide non-dilutive financing—in the form of operating leases and sale-leasebacks—so laboratories can get the exact lab equipment they need to scale and free up working capital for other critical areas of business.
Long-Term Operating Leases
Excedr's operating leases range from 2-5 years in length. Unlike finance leases, this type of agreement provides the lessee with the equipment of their choice for a specific period without the burdens of ownership. It's a strong option for businesses that need to regularly update equipment or technology without incurring high upfront costs or assuming the risks associated with ownership.
Sale-Leaseback Transactions
If you recently bought equipment, Excedr can offer you cash for your device and convert your purchase into an equipment lease. This transaction is called a sale-leaseback, or SLB. If you’ve paid for equipment within the last ninety days, we'll help you recoup your investment by purchasing the instrument in return for monthly lease payments. This provides you with an immediate cash injection, increasing your liquidity and extending cash runway.
Partnering with Excedr ensures your life science lab meets R&D and commercial milestones. Our 15 years of VIP relationships with equipment manufacturers helps us provide rapid, white-glove service for equipment repairs and maintenance, minimizing downtime and risk.
We offer non-dilutive capital, a founder-friendly financing solution. Unlike forms of financing that require some level of equity dilution, you retain ownership in your business while accessing capital in the form of an equipment lease.
Our lease agreements range from 2 to 5 years. The lease’s length will depend on several factors, including how long you want to use the equipment, the equipment type, and your company’s financial position.
We don’t carry an inventory. As a capital provider, we take a look at your company’s financials to determine your eligibility for financing. If approved, you pick the exact equipment that aligns with your business goals and preferences.
As part of our dedication to white-glove service, underwriting is done in-house, giving you the quickest turnaround possible. We require less documentation than other lenders and financiers, getting the equipment you need in operation more quickly.
Our leases do not include loan-like terms, which can be restrictive or harmful in certain situations. We do not require debt covenants, IP pledges, or collateral. Our goal is to maximize your flexibility.
At the end of your lease, you have multiple options: renew the lease at a significantly lower price, purchase the machine based on the fair market value of the original pricing, or end the lease.
If you've purchased lab equipment in the last 6-9 months, you're eligible for a Sale-Leaseback (SLB). Excedr can purchase the instrument in return for monthly lease payments, freeing up money in your budget for accelerating research.
Read about the differences between equipment leasing and financing. Although equipment leasing is a type of financing, its characteristics differ from that of a loan or line of credit. Learn which is right for your business.
Learn about equipment leasing, why to lease with Excedr, and the difference between common lease types. This in-depth guide also covers leasing misconceptions, the pros and cons of purchasing with cash, and more.
Explore the most common equipment leasing options: operating leases and capital leases. Learn the key differences and make more informed financing decisions. Read this post for more details.
Don't be intimidated by unfamiliar terms and acronyms when dealing with leasing companies, equipment distributors, or manufacturers. Gain valuable knowledge about leasing terminology and negotiation tactics. Dive into this post to expand your leasing expertise.
Ready to lease? Speak with one of our leasing specialists to begin the application process.