From 8% · Up to $250K
Equipment Financing
The only secured program here, and the only one open to a business that has barely started.
- Rate
- From 8%
- Amount
- Up to $250K
- Term
- 1 – 5 years
- Funded in
- 1–2 days
Equipment financing
How equipment financing works
Equipment financing pays for what a business runs on — vehicles, machinery, kitchen fit-outs, computers — and the equipment itself stands behind the loan. Most owners hear the phrase and picture heavy plant; refrigerators, chairs and servers finance the same way.
Because there is security, this program looks past a thinner file than the other five and is often the only one available to a new business. The same fact is its cost: it is the one program here where something can be repossessed. Terms are matched to the working life of what is bought, so the payments land while it is still earning.
What it gives you
Why a business takes this one
- Secured on the equipment bought
- Open to new and young businesses
- Terms out to five years
- Preserves cash for everything else
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) 528-8696, Monday to Friday.
The rate card
Its price beside the other five
| Program | Rate | Amount | Term | Funded in |
|---|---|---|---|---|
| Line of credit | From 4.5% | Up to $1M | 6 months – 3 years | 1–2 days |
| Working capital | From 4.5% | Up to $1M | Daily or weekly ACH | 1–2 days |
| Term loan | From 5.5% | $20K – $1M | 12 – 36 months | 1–2 days |
| Short-term loan | From 6% | $10K – $1M | Up to 24 months | 1–2 days |
| Equipment financing | From 8% | Up to $250K | 1 – 5 years | 1–2 days |
| Cash advance | 10% – 35% factor | $5K – $500K | Daily or weekly ACH | 24–48 hours |
A factor rate is not an interest rate and the two cannot be compared by putting the numbers side by side. A factor of 10% on $100,000 is $110,000 to repay whether it takes six months or eighteen — paying it off early does not make it cheaper. Interest does fall if the balance does.