business loans equipment financing

Fast, simple way to buy equipment for your business.

  • Competitive Rates
  • Flexible Terms & Payment Plans
  • Collateral secured by business assets, vehicles or equipment

Membership required. On approved credit.  For more information visit Account Information, Terms & ConditionsCurrent Rates, and Fee Details.

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Benefits Business Equipment Financing

The common reasons most businesses consider business equipment financing or leasing include:

It Helps to Boost Working Capital

Equipment financing is an easy way to save on capital you would need for purchasing equipment up-front, which is always costly. It is common for business owners to experience cash flow shortages, especially during startup or at any point when market conditions are in their favor.

Equipment financing is the best option to free up working capital in this situation. The money you save will help cover other operating expenses to help you succeed in your business operations.

Keep Up to Date with Latest Equipment

Another benefit of equipment financing is taking advantage of new technology and equipment without purchasing every new item. The cost of new equipment is generally high, and buying is not always the best business decision. You can get any tools you need without blowing up the business working capital when you lease them.

It Frees Up Other Lines of Credit

Businesses that use equipment financing will still have other lines of credit open instead of applying for a business term loan to purchase the same equipment. In some cases, equipment financing will use the same tools as collateral to help you secure your loans. The business can then use any other collateral to get additional funding.  

The Application Process is Seamless

The entire process of equipment financing is generally effortless and cheap. You can complete it in less than 24 hours and get equipment delivered to start using for your company operations. A borrower with strong personal credit will be in good standing to expect a fast application process for an extended period.

Sometimes the process gets complicated when the costs of equipment are extremely high. However, the process is still faster than getting credit using other means.