Equipment Financing
An Equipment Financing is a fast, flexible funding option designed to help business owners access capital without a hassle. The loan provides a lump sum of funds repaid with fixed interest over a predetermined timeframe. They are ideal for nearly every use, from expansion to payroll, inventory to equipment. With customizable loan amounts and terms, you’ll get a solution tailored to your business’s specific goals and cash flow.
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Quick Stats
Loan Amounts and Terms
- Funding up to $1.5M
- Term up to 18 months
Repayment Schedule
- Daily or Weekly Repayments
Requirements
- Time in business 6+ months
- 570 FICO score
- $240k+ annual revenue
Funding Time
- In as little as 24 hours of acceptance
How Does Equipment Financing Compare?
Equipment Financing
Up to: $1.5M
Term: up to 18 months
Repayment: Daily or Weekly
Funding Time: In as little as 24 hours of acceptance
Requirements: Time in business 6+ months; 570 FICO score; $240k+ annual revenue
Pros: Fast Application Process; Fast Funding; Flexible Use of Funds for Business; Early Repayment Discounts; Predictable Payment Schedule
Cons: Limited Term Length; Not available for startups
Up to: $500k
Term: up to 12 years
Repayment: Fixed monthly
Funding Time: Within 3 business days of approval
Requirements: Time in Business 2+ years
Pros: Predictable payment schedule; lower payments; potential early repayment
Cons: Lower yearly cost but higher overall cost; Stringent Eligibility Requirements; Potential slow funding time
Need help deciding?
How It Works
Our simple, three-step process makes getting the funding you need quick and easy.
Apply
Submit the easy online application within minutes and a Capital Specialist will call to discuss your funding request.
Get a Decision
You will receive your approval status after submitting all necessary documentation.
Receive Your Funds
You'll receive a lump-sum payout in as little as 24 hours of offer acceptance. Spend it at your own pace, as you need it.
How to Use Equipment Financing
Equipment Financing offer flexible funding that can be used across many parts of your business. Whether you need to manage daily operations, prepare for a busy season, or invest in growth, having access to capital gives you more control over your business decisions. Funds can be applied to routine expenses like payroll and rent, or used more strategically—for hiring, inventory, marketing, or expansion.
Managing Operating Expenses
Small business loans can be used to cover essential day-to-day costs, such as rent, utilities, payroll, and supplies. This ensures operations continue smoothly, even during periods of reduced revenue or irregular cash flow.
Purchasing Equipment and Technology
Access to loan funding enables businesses to upgrade outdated equipment, invest in new tools, or implement technology improvements that increase efficiency and productivity.
Expanding Locations or Operations
Whether opening a new storefront, expanding into a larger space, or renovating existing facilities, small business loans offer the capital needed to grow strategically without disrupting core operations.
FAQs
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