Equipment financing for perfect credit, challenged credit, and everything in between.
Items that can be financed include heavy equipment, vehicles, heavy machinery, and other outside of box package deals on a case by case basis.
Rates can range from 4% – 28% fixed, simple interest.
Quick Facts About Equipment Financing:
– Application only products for loan amounts up to $25,000/$35,000/$50,000/$100,000 – Start-Ups are welcome for trucking and other select industries but need strong credit and background in the industry.
– Loans amount range from $10,000 – $5,000,000.
– Minimum 550 with 4 years in business
– Minimum 600 with 3 years in business
– Minimum 620 with 2 years in business
– Must have an EIN number for your business and business bank account set up.
– Lower credit could create a need for larger down payments, typically down payments range from 5% – 25%.
All products are simple interest with monthly payments; equipment financing can offer excellent tax benefits to any new or established business.