Equipment Financing

What is Equipment Financing?

Equipment financing is a loan that helps you purchase new business equipment right away by using that equipment
as collateral.

Equipment financing helps you finance up to 100% of the new or used equipment you need for
your business. Applying for an equipment loan is typically a fast and easy way to finance the
purchase of most types of equipment—computers, machinery, vehicles, or whatever else you
need.

Maximum Loan Amount

Up to 100% of equipment value

Loan Term

Expected life

of equipment

Interest Rates

6 - 30%

Speed

As fast as 2 days

The Pros

Quick access to cash

Limited paperwork
Equipment serves as collateral
Long business history not required

Relatively low interest rate compared to alternatives (starting at 8%)

The Cons

Equipment could be obsolete by the time the loan is fully repaid

Might need to depreciate equipment, so you can’t deduct full cost each year

What Documents Will I Need to Apply?

Application

4 Month Bank Statement

Equipment

Quote

Who Qualifies?

Most businesses can qualify for equipment financing.
Your credit score, your business’s financial history, and the value of the equipment
determines how much you qualify for—and the interest rate you’ll pay
Equipment financing can be a great option if your credit rating is less than perfect.

APPLY NOW!