About Equipment Financing

Equipment financing is a smart funding solution designed to help your business quickly acquire, upgrade, or replace essential equipment without straining your cash flow. This type of financing uses the equipment as collateral, making it a secured loan option. Whether you need the latest machinery, technology, or vehicles, equipment financing empowers your business to keep pace and operate efficiently while preserving your working capital.

Advantages of Equipment Financing

• Preserves Cash Flow: Equipment financing allows businesses to acquire essential tools and machinery without dipping into working capital, keeping cash flow steady for other operational needs.
• Collateral-Based: Since the equipment serves as collateral, it often leads to more favorable loan terms and easier approval, especially for small businesses.
• Flexible Terms: Many equipment financing options offer adjustable repayment schedules and term lengths.
• Quick Access to Upgrades: Equipment financing lets businesses upgrade to newer or more efficient technology when needed, staying competitive and efficient without waiting on extensive capital.

Submission Process for Equipment Financing

To get started with easy Equipment Financing, follow these steps:

• Completed application.
• Invoice ($15K/$30K titled minimum.)
• Three most recent business bank statements.
• Writeup with equipment use case.
• Full financial package* might be required.
• Once pre-approved you will be able to discuss the next steps, rates, terms, and expectations.

Equipment Financing Requirements

• 650+ credit score.
• Minimum time in business: 2 years.
• Minimum asset value: $15,000.
• Terns varies from 36-60 months.
• Appraisals document for the equipment.
• Trucking businesses must have a minimum of 2 years in business, and a fleet size of 2+, and the minimum dollar amount required for titled deals is $30k.
• Restaurants must have a minimum of 5 years in business.

Restricted Industries/Company Types:

• Gym/Fitness.
• Laundry/Dry Cleaning.
• Vending Machines.
• Inventory.
• Salons/Beauty/Spas.
• Non-Medical (Lasers/Holistic.)
• Oil and Gas.

*Full financial package: 2 years of business tax returns, 2 years of personal tax returns, 3 months of bank statements, personal financial statements, and current debt schedule and interim financials.