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Equipment Loan

Unlock Growth with Equipment Financing

Apply to get pre-approved for a tailored offer today

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Equipment Loan

Realize your vision and conquer new horizons with a term loan that turns possibilities into achievements.

In the business landscape, growth often hinges on strategic investments. Imagine a tech startup aiming to develop a groundbreaking software application. They need substantial funds to hire developers, conduct market research, and refine the product. A business term loan comes into play here. It provides a lump sum that can be repaid over a predetermined term, allowing the startup to execute its ambitious plans. This financing empowers the company to invest in long-term projects, expand its offerings, and establish a stronger foothold in the market

Do I Qualify for Funding?

Assess your funding eligibility, apply with ease, and get instant pre-approval

600+ personal FICO score
$10,000+ in monthly revenue
Collateral: often secured by the equipment being financed
12+ months in business
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How it works

Just 4 easy steps to get funded!

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Apply in less than 4 minutes, and get immediate pre-approval

We know funding applications can be frustrating. We'll make it fast and simple, while still grasping your business's challenges and opportunities.

Custom offers

Get custom offers for your business needs

Our funding experts will leave no stone unturned until they find a financing solution that matches your needs

Funded

Get funded on the same business day!

Stop wasting time on the search for financing and finally be able to focus on running your business

Customer Support

Get our customer support whenever you need it

Pre-funding or after, via phone or online, our customer success team will be there to provide needed support

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Your trusted business partner in the USA

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Frequently Asked Questions

What are the pros and cons of an Equipment Loan?
Equipment Loans offer businesses the means to acquire or upgrade essential equipment necessary for operations. Whether you need to purchase machinery, vehicles, technology, or any other equipment, this loan provides the funding you need with flexible repayment terms. By securing the equipment you require, you can enhance productivity, efficiency, and competitiveness, while spreading the cost over a manageable period
What are the pros and cons of an Equipment Loan?
Pros:
Equipment loans are tailored for acquiring assets crucial to your business operations. They offer long-term financing with competitive interest rates. The equipment itself serves as collateral, reducing the lender's risk and potentially allowing for more favorable terms. The loan can help you modernize, improve efficiency, and enhance your business capabilities.
Cons:
The loan is typically restricted to purchasing specific equipment, so it's essential to have a clear understanding of your needs before applying. Additionally, if the equipment becomes obsolete or requires replacement before the loan is repaid, it might create financial strain.
What are the common terms of an Equipment Loan?
Certain terms and conditions for financing products are subject to the underwriting process and the specific policies of the financing provider. These terms can vary widely based on factors such as the financial profile of your business, industry, creditworthiness, and other relevant considerations. We recommend applying for financing through our platform, as our streamlined process collects all the necessary data required to determine the actual terms that best align with your business needs Common terms and conditions of a Equipment Loan-
• APR: Usually 5% to 20%.
• Term: Generally 2 to 10 years.
• Payments: Monthly fixed payments.
• Loan Amount: $5,000 to $5 million, depending on the equipment's value.