Equipment Financing
A fast funding option with affordable interest rates enabling your business to replace, upgrade, or purchase the equipment necessary to keep your venture operating smoothly. Equipment financing can also serve as a type of asset-based financing, where the equipment itself is used to back up or secure the loan.
Simple Equipment Financing
1
How funding works
A lien is placed on currently-owned equipment to obtain funds for any purpose.
A lien is placed on equipment you are planning to buy to secure financing for its purchase.
2
Rates are based on
The equipment’s age and condition
The equipment’s marketability (ease of resale)
Your credit profile
Your ability to repay the loan
3
Ask Yourself
Do you have any valuable equipment?
What is the age and condition of the equipment?
Are you looking to buy any valuable equipment?
Is the equipment semi-liquid and market-ready?
4
Required documents
Year-to-date bank statements and financials
Past two years of tax returns
Debt schedule
Appraisal document for the equipment
5
Good to know
Equipment financing can cover up to 100% of the equipment’s value
Use our tax calculator to estimate your savings, depreciation, and deductions