Equipment financing is a type of business loan used to purchase assets like vehicles, machinery, or technology.

In many cases, you can finance up to 100% of the equipment's cost and repay it over time with interest.

Typical Terms

• *Down payment: approximately 10%-25%
• *Interest rates: approximately 4%-40%
• *Repayment term: 3-10 years

Best For

• *Startups or businesses with limited credit
• *Companies needing essential tools or machinery
• *Businesses looking to preserve cash flow

How to Get Started

• 1.Choose your equipment and get a quote
• 2.Review your qualifications
• 3.Compare lenders and offers
• 4.Apply and submit documents
• 5.Finalize and fund