Equipment Financing

Options for Equipment Financing

Equipment Finance is a term that is used to describe the financing available to businesses to help them acquire the hardware, software, furniture, lighting fixtures and other critical equipment needed to successfully operate a business.

Equipment Finance can be used to either purchase or to lease the needed equipment. In cases where Equipment Finance is used to purchase equipment, the financing takes the form of a loan in which the equipment that is purchased serves as the collateral for securing the loan. Such loans can be very useful, but are typically available only to businesses with an excellent track record and operating history.

Additionally, there is tons of paperwork involved in ensuring the lien-marking in favor of the lender, supporting the business viability by way of a detailed project analysis and report on how/why the equipment in question will be used to generate additional business. The list is endless, and so is the wait, in obtaining such loans for equipment finance.

What if there was a better alternative that was quick, easy and flexible

Good news! There is a new alternative to financing the purchase of your equipment now. This option is called a business cash advance, and can be obtained in as little as 10 days. You can also use this money in part to lease out or rent the equipment, thereby saving you the capital expenditure, and invest the surplus in expanding your office / business space or to advertise your business or to fund additional staff.

How is equipment financing with business cash advance easier than traditional loans?

The paperwork and the eligibility requirements are much less stringent as compared to those associated with traditional equipment loans. All you need to qualify is a one year business history and monthly credit card sales volume of over $2500. Applying is easy, and you can get pre-approved for a loan in as little as 24 hours. Once the required paperwork is completed, you can get the money in your bank in 10 days.

Many small businesses sometimes find it hard to secure the equipment financing they need from traditional sources. This is especially true in situations where a business might have an uneven sales track record, a poor or non-existent credit history, or high debt ratios.

Fortunately for such companies, equipment financing using a business cash advance loan is increasingly becoming the preferred choice of funding with the convenience it offers

Does my credit score play a role in my approval for a loan?

No, there are no credit checks involved with an equipment finance loan using a business cash advance. With our lending partners, you as a small businesses owner can quickly get the financing you need against future credit card sales. Typically 83% of applicants are able to acquire a loan using this route, without all the hassle and the extensive paperwork or credit checks involved with traditional bank loans.

What if my business is slower during some months?

Business cash advances are based purely on future credit card sales. These loans do not require borrowers to put up any collateral. For the same reason there are also no fixed monthly payments associated with these loans. Instead, borrowers pay less in months where their sales may be slower than normal.

I do need equipment financing, tell me how much am I eligible for

Qualified merchants who apply using the form on this website can get pre-approval decisions within one day and access to finding within 10 days. The funding can be used for any purpose so long as it is business related. So you can use this money to rent a new location, buy more furniture, computers or the inventory you need to manufacture your products.

Submit your details on this page and have a financial representative contact you with details on how much loan can you get