EQUIPMENT FINANCING
Terms up to 6 years (72 months), rates as low as 6% APR and monthly payments!
BENEFITS
- Rates from as low as 6%
- Monthly payments
- Fully amortized
- 36 to 72 months Terms from 3 to 6 years
DETAILS
Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle, or copier. Equipment loans provide for periodic payments that include interest and principal over a fixed term. These loans are secured by placing a lien on the equipment as collateral.
REQUIREMENTS
- 2 years of time in business or more
- 625 credit score
- 1 page application and 3 months bank statements if the amount is 149k or less
- 1-2 years of personal or business tax returns if the amount is 150k or more in funds