Equipment Financing
A quick funding solution with competitive interest rates that allows your business to replace, upgrade, or purchase the essential equipment needed to keep operations running smoothly. Equipment financing can also function as asset-based financing, where the equipment itself serves as collateral for the loan.
1
How funding works
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A lien placed on existing equipment to secure funds for any purpose.
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A lien placed on equipment you're purchasing to secure funds for the acquisition.
2
What Rates are Based on
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The age and condition of the equipment
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The equipment’s resale value (how easily it can be sold)
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Your credit score
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Your capacity to repay the loan
3
Requirements
Year-to-date bank statements and financial records
Tax returns for the past two years
Debt schedule
Appraisal documents for the equipment
4
Things to Know
Equipment financing provides a quick and straightforward way to finance up to 100% of the equipment's value.