Equipment Financing
What is Equipment Financing?
Equipment loans help you purchase equipment with competitive rates if you have good credit and good finances.
Equipment can be anything that is necessary for your business to provide its service. For instance a restaurant could finance a stove or refrigerator. A farmer could finance a tractor, attachments, or work truck.
The equipment serves as collateral and the term is usually calculated off of the expected life span of the purchased equipment.
Pros:
- After payments are 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.
OUR 3 STEP PROCESS
1. Apply
Fill out our Quick 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.