Equipment financing is a type of business loan that provides money to acquire new or used equipment, such as vehicles, machinery or technology. With equipment loans, you can often borrow up to 100% of the value of the equipment you want to buy. These loans are typically repaid over time at a fixed interest rate.
For businesses that don't qualify for equipment financing, many other types of business loans can be used to purchase new or used equipment. These include SBA loans, lines of credit and working capital loans.
What is Equipment Financing?
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6+ Months in Business
No Extra Collateral Needed
New or Used Equipment is Eligible
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