Approved Amount

• Loan Amounts: Typically range from $50,000 to $5,000,000, depending on the cost of the equipment and your business profile.

• Based on Equipment Value: The approval amount is generally based on the cost of the equipment being financed.

• Flexible Financing: Higher loan amounts may be available for businesses seeking to purchase more expensive machinery or equipment.

• No Collateral: In many cases, no collateral is required for approval, making it easier for businesses without significant assets to qualify.

• Fast Access: Get access to the approved amount quickly, allowing you to acquire equipment and maintain operations without delay.

Equipment Financing

Our Equipment Financing solution allows businesses to acquire the essential tools and machinery needed to grow without draining cash flow. Whether you need new or used equipment, we offer flexible financing terms to suit your business’s budget and needs. With competitive interest rates and approval amounts ranging from $50,000 to $5,000,000, you can access the equipment required to stay ahead of the competition. Our process is quick and straightforward, ensuring you get the equipment you need without unnecessary delays. Plus, you can spread out the cost of your purchase with manageable monthly payments and no collateral required in many cases. Empower your business with the equipment it needs to thrive, and enjoy fast access to funds with our flexible financing options.

Equipment Financing Terms

• Repayment Period: Typically ranges from 1 to 7 years, depending on the type of equipment and the financing agreement.

• Monthly Payments: Flexible monthly payment plans to fit your business's budget, making it easier to manage cash flow.

• Down Payment: A down payment may be required, typically ranging from 10% to 20% of the equipment cost.

• Approval Process: Fast and simple approval process, with funds often disbursed within 24 to 48 hours.

• Early Repayment: No early repayment penalties, allowing businesses to pay off the loan ahead of schedule and reduce interest costs.

Interest Rates

• Fixed Interest Rates: Enjoy fixed interest rates starting at 6%, providing predictable payments throughout the loan term.

• Rate Based on Credit: Interest rates are determined based on your business’s credit profile and the loan amount.

• Flexible Terms: Rates may vary based on the repayment period, with shorter terms often having lower rates.

• Competitive Rates: We offer competitive rates to help businesses afford the equipment they need without paying excessive interest.

• No Prepayment Penalties: No penalties for paying off the loan early, so you can save on interest if you pay off the balance sooner.

• Flexible Repayment Period: Repayment terms typically range from 1 to 7 years, based on the equipment's cost and your business’s cash flow.

• No Early Repayment Penalties: No penalties for paying off the loan early, giving you the flexibility to reduce interest costs.

• Automatic Payments: Set up automatic monthly payments to stay on track with your repayment schedule.

• Grace Period: Some loans may include a grace period for the first 30 to 90 days, depending on the lender’s terms, allowing you time to start generating revenue from the equipment.

• Payment Flexibility: Customizable repayment plans to suit your business's needs and help minimize the impact on cash flow.

Repayment

Eligibility

• Purchase New Equipment: Finance the purchase of new machinery, vehicles, or technology to upgrade or expand your business operations.

• Buy Used Equipment: Finance used equipment in good condition, reducing upfront costs while still acquiring essential tools.

• Refinance Existing Equipment: Use financing to refinance existing equipment, improving cash flow or freeing up working capital.

• Leasing Equipment: Some equipment financing options allow businesses to lease equipment with an option to purchase at the end of the lease term.

• Repair or Upgrade: Fund equipment repairs or upgrades to maintain productivity and efficiency without taking on significant debt.

• Technology Investment: Finance the purchase of critical IT infrastructure or software solutions that can enhance business performance.

How Equipment Financing Can be used for

• Business Duration: Your business must have been operational for at least 6 months to 1 year.

• Credit Score: A minimum credit score of 600 is typically required, though higher scores may secure better terms.

• Annual Revenue: Businesses should have consistent annual revenue of at least $50,000 to $100,000.

• Equipment Type: The equipment being financed must be new or used, and its value will determine the loan amount.

• Debt-to-Income Ratio: A manageable debt-to-income ratio is required to demonstrate your ability to repay the loan.

• Business Financials: Lenders may review financial documents such as profit and loss statements, bank statements, and tax returns.