HOW DO THEY WORK?
Equipment financing is self-secured—equipment serves as collateral. Loan terms depend on equipment value. No additional collateral required. Multiple agreements possible.
Equipment financing is self-secured—equipment serves as collateral. Loan terms depend on equipment value. No additional collateral required. Multiple agreements possible.
Self-collateralized equipment financing is easier to qualify for. Equipment secures the loan, leading to favorable rates. IRS Section 179 deductions may apply for tax benefits.
For businesses with budget constraints or a desire to preserve cash, equipment financing is an option. It's also suitable for those aiming to own equipment instead of leasing.
Businesses with 600+ FICO, $10K/month revenue, 2 years' history qualify. Reputable vendors' equipment funded. Requirements: credit app, invoice, benefits explanation.