Equipment financing
Equipment Financing
For the machines, vehicles and systems a business runs on.
- Amount
- Up to $250,000
- Term
- 1 – 5 years
- Cost
- From 8%
- Funded in
- Monthly repayment
Equipment financing
How a equipment financing works
Equipment financing covers the cost of buying or upgrading what a business actually operates, with fixed monthly payments matched to the working life of the equipment so the payments land while it is still earning.
Most owners hear the phrase and picture heavy plant; refrigerators, vehicles, medical devices, ovens, servers and computers all finance the same way. It is the longest term on this page and the only one where the thing bought normally stands behind the loan — ask what the security is before signing.
What it gives you
Why a business picks this one
- Terms out to five years
- Keeps cash in reserve
- Fixed monthly payments
- New or used, bought or leased
The application
Apply
About two minutes, no fee, no obligation, and no mark on the owner's credit score for asking.
Rather talk to somebody first? (844) 358-6249.
The six, level
Its row, against the other five
| Program | Amount | Term | Starts at | Funded in |
|---|---|---|---|---|
| Line of Credit | Up to $1,000,000 | 6 months – 3 years | From 4.5% | 1–2 days |
| Working Capital Loan | Up to $1,000,000 | Daily or weekly ACH | From 4.5% | 1–2 days |
| Term Loan | $10,000 – $1,000,000 | Up to 24 months | From 6% | 1–2 days |
| Short-Term Business Loan | $10,000 – $1,000,000 | Up to 24 months | From 6% | 1–2 days |
| Equipment Financing | Up to $250,000 | 1 – 5 years | From 8% | Monthly repayment |
| Merchant Cash Advance | $5,000 – $500,000 | Daily or weekly ACH | 1.10 – 1.35 factor | 24–48 hours |
The term loan and the short-term loan are published with the same amount, the same term, the same starting rate and the same speed. On these figures they are one product under two names. The difference between them is normally how long you are repaying — a term loan runs longer — so if you are choosing between the two, ask what term each is actually being offered at before you sign either.
The cash advance is priced as a factor rather than as interest, and the two do not compare. A factor of 1.10 on $100,000 is $110,000 to repay whether it clears in six months or eighteen; paying it off early does not make it cheaper. Interest does fall when the balance does. This site is the only one in its network that publishes the top of its factor range as well as the bottom.