Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you’ll need to make periodic payments that include interest and principal over a fixed term. As security for the loan, the we may require a lien on the equipment as collateral against your debt ( not all the time), similar to how an auto loan works. Once the loan is paid in full, you own the equipment free of any lien.
With just a funding application and 6 months bank statements we can determine how much funding you qualify for, without effecting your credit.
Having a healthy daily banking average and a minimal amount of insufficient funds will increase you funding amount.
Without impacting your credit and within 72 hours we can provide you with a satisfactory funding contract.