Term Loan
One sum, a fixed rate, and a repayment you can write into next year's budget.
- Amount
- $20,000 – $1,000,000
- Cost
- From 5.5%
The six programmes
Equipment Financing
The longest term of the six, and the only one where the thing you buy is the security.
- Amount
- $10,000 – $1,000,000
- Term
- 12 – 60 months
- Cost
- From 4.5%
- Funded in
- 1 – 3 days
Most often: Automotive
What a equipment financing is for
A lift, a diagnostic rig, a second bay. The two biggest cheques a workshop writes are both equipment.
Equipment financing pays for what the business runs on, new or used — machinery, vehicles, ovens, chairs, servers, scanners. Up to the full cost can be covered, so the cash stays in the business rather than going out of the door with the purchase.
This is the programme the site's 'no collateral' line does not cover: the equipment normally secures the loan that buys it. That is also why it is the easiest of the six to qualify for on imperfect credit — the lender is looking at the asset as well as the file.
What it gives you
Why a business takes this one
- New and used equipment both eligible
- Up to the full cost of the purchase
- The longest repayment period of the six
- The equipment normally serves as the security
The application
Apply
About fifteen minutes, across six screens. No fee, no obligation, and no mark on the owner's credit score. One application reaches every lender in the network at once.
Rather talk to somebody first? (844) 236-2905.
The six programmes
This one, among the six
Business Line of Credit
A facility that sits there costing nothing until the week it earns its keep.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Short-Term Business Loan
The fastest of the six, for the gap that will not wait for a decision.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Business Working Capital
Funding for the running of the business, not for a single purchase.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The longest term of the six, and the only one where the thing you buy is the security.
- Amount
- $10,000 – $1,000,000
- Cost
- From 4.5%
Revenue-Based Funding
Repayment that follows the takings: less in a slow week, more in a good one.
- Amount
- $10,000 – $500,000
- Cost
- Not published
