Equipment Financing – Get the Tools You Need Without Draining Capital
What is it?
Equipment financing allows you to purchase or lease machinery, vehicles, or technology without paying the full cost upfront.
How It Works:
The equipment itself serves as collateral, making approval easier and keeping your other assets free. Payments are spread over a set term, matching the life of the equipment.
Common Uses:
- Purchase new or used equipment
- Upgrade outdated machinery
- Acquire company vehicles
- Invest in technology
- Tap into the equity value of your equipment
Pros:
- Preserves working capital
- Easier approval than unsecured loans
- Potential tax benefits
Cons:
- You may owe payments even if equipment becomes obsolete
- Total cost may be higher than cash purchase
Rates, Terms & Funding Ranges:
- Interest Rate: 7.49-19.99% APR
- Loan Amounts: $20,000 – $5,000,000
- Terms: 1-5 years
Get Started:
Upgrade your business equipment today without tying up your cash reserves.