EQUIPMENT FINANCE

Equipment Finance

Qualifying Factor

RECCOMMENDED

TERMS
7%-40%

FUNDING SPEED
2 Weeks – 1 Month

FUNDING RANGE:
$10,000-$2,000,000

COST
Varies

APPLY

Existing equipment, or new equipment business wants to purchase.

TO QUALIFY:

  • Business owner has a personal credit score of 620 or higher.
  • Lenders prefer 2 Years in business
  • Typically requires a down payment
  • Business owner without recent bankruptcy
  • Lender prefers the business owner is a home owner
  • Equipment used within the businesses specific industry (no pizza oven for trucking company)
  • New equipment or less than 10 years old.
  • Lenders evaluation typically at 80% of auction value

 

TERMS:

  • $10,000-$2 million
  • 12-48 Month Term
  • 7-28%

VIDEO

EXAMPLE

Jon has been a small business owner for 3 years and it’s time for him to purchase a new tow truck.  He financed the truck over a period of 48 months at 8% interest.  Jon has been able to double the number of tows he can service, doubling his profit.