Term Loan
The most traditional business loan: one sum, repaid on a fixed schedule.
- Funding amount
- Up to $1M
- Rate
- Starting at 5.5%
Equipment financing
Equipment Financing
The full cost of new or used equipment, leased or bought, without paying it upfront.
- Loan amount
- Up to $250K
- Term
- 1–5 years
- Cost
- As low as 8%
- Repayment
- Monthly
What equipment financing is
How it works, and what it suits
Equipment financing covers the whole price of a lease or a purchase, new or used, so the cash in the business stays in the business. Excavators and backhoes, certainly — but also ovens, chairs, scanners, treadmills, vans and the computers on the front desk. There is a lender for the tools of almost every trade.
Four things set the monthly payment: the amount, the rate, the term, and the equipment itself, which usually secures the financing. Those vary a great deal between industries, which is why the application goes to lenders who specialise in yours.
Who it is built for
Three trades this programme is most often used by
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Automotive
4 of the six name it
Repair shops, dealers and fleets: lifts and diagnostic gear, parts on the shelf, and vehicles that earn the money back.
- Term loanUp to $1M
- Short-term loan$10K – $1M
- Working capitalUp to $1M
- Equipment financingUp to $250K
-
Construction
4 of the six name it
Contractors who buy the materials and hire the machine before the job's first draw is paid.
- Term loanUp to $1M
- Short-term loan$10K – $1M
- Equipment financingUp to $250K
- Cash advance$5K – $500K
-
Medical
4 of the six name it
Practices and clinics carrying equipment costs and the long wait between treating a patient and being reimbursed.
- Term loanUp to $1M
- Line of creditUp to $1M
- Working capitalUp to $1M
- Equipment financingUp to $250K
What it gives you
The short version
- Up to $250,000
- Terms of one to five years
- One monthly repayment
- Secured by the equipment it buys
The application
Take advantage of business financing today
One free application, read for all six programmes by 75+ lenders. A representative will be in touch within one business day to go through what comes back.
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Financial options
All six, this one marked
Business Line of Credit
A revolving limit you draw on when you need it and pay for only when you do.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Short-Term Business Loan
Quick cash with a quick payback, for a need with an end date.
- Funding amount
- $10K – $1M
- Cost
- Beginning at 6%
Business Working Capital Loan
Money for the running of the business, when the bank's timetable is too slow.
- Funding amount
- Up to $1M
- Cost
- Starting at 4.5%
Equipment Financing
The full cost of new or used equipment, leased or bought, without paying it upfront.
- Loan amount
- Up to $250K
- Cost
- As low as 8%
Business Cash Advance
An advance on the sales a business has not made yet.
- Funding amount
- $5K – $500K
- Factor rate
- 10% – 35%