Equipment Financing

Amount:

$20,000 – $350,000

Term:

1 – 4 Years

Amount:

Up to $200,000

Payment Options:

Daily, Weekly or Semi-Monthly Payments

Amount:

$5,000 – $150,000

Term:

1 – 3 Years

Amount:

85% – 95% of Invoice Value

Actual offers vary based on your application information and lender.

Equipment Loans

Equipment is a vital need for any business — whether it’s heavy machinery, tools, office supplies, technology or anything else that helps get the job done. New equipment can often lead to improvements that generate extra revenue and, in that regard, can virtually pay for itself. But what if you don’t have the money up front to pay for your vital equipment? Equipment financing can cover the money you need and can be obtained via The Business Backer’s True Relationship Network™.

Equipment Financing at a Glance

Funding
Starting at $10,000
Term
Terms of 5 – 10 years
Interest
3 – 10% APR

Benefits of Equipment Financing

Check
Quick and convenient
Check
Maintain working capital
Check
Equipment serves as collateral, which may allow for a better rate than unsecured financing

Minimum Qualifications for Equipment Financing

Clock

Time in Business
12 months

Money

Annual Revenue
$100,000

Meter

Personal Credit Score
600 or better

A business will typically also need good business credit in order to get equipment loans. If an equipment loan is not an option for a business, the owners can look to alternative loans, such as lines of credit or working capital loans, to purchase equipment they need.

What Does The Business Backer Provide?

Determining if either equipment financing or equipment leasing is right for your business can make a significant impact on your company’s bottom line. That’s why The Business Backer takes a big picture approach. The Business Backer is your one-stop shop for business funding. Our Funding Advisors consult with you one-on-one online or over the phone to help you get the best choice for your business’s needs. As we evaluate your needs, we will help match you with the right product, either directly with us or through our True Relationship Network™ of partners.

Our online application process is fast and simple, and we look at a wide range of factors to get a holistic view of your business before determining your funding options. That way you’re getting an option that fits your unique business needs. Apply now or speak to a Funding Advisor today!