EQUIPMENT FINANCING

Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you’ll need to make periodic payments that include interest and principal over a fixed term. Equipment loans help you purchase equipment with competitive rates if you have good credit and good finances. The equipment serves as collateral and the term is usually calculated off of the expected life span of the purchased equipment.

Pros:

After payments complete you own the equipment
If you have good credit and strong finances you can get competitive rates.

Cons:

May need a down payment

Best for:

Businesses in need of equipment with competitive financing rates.

1. Apply

Fill out our Quick Apply application.

2. We review your application

We review your goals and present you with programs matching your needs, getting an offer in 24 hours.

3. Receive funding

Choose the program that fits you best and receive funding within 48 hours.