What is Equipment Financing?
Equipment financing is a loan option for business owners to purchase a physical asset (equipment) for their business (like a landscaping business purchasing a lawnmower).
- Amount: Up to $5m per piece (Startups can get funding up to $50,000, could be more depends on the schedules)
- Speed: 7-15 days
- Rate: starting at 5%
- Term: 1 to 5 years
- Personal Credit Score above 580 (with good quality or track records) (680+ for startups)
- Revenue showing he can pay back the monthly payment.