Equipment loans or asset finance are perfect solutions if you are looking to purchase new machinery, vehicles, tools or any other equipment for your business. Equipment is a vital asset for any company as it is usually directly related to productivity and therefore, revenue and profitability.
Equipment finance is generally granted with a fixed term when a business purchases equipment, vehicles, or assets.
- Up to $2 million
- Up to 5 years
- Low interest
- Available for machinery, vehicles, etc.
- Equipment/asset purchased becomes the security for the loan
- New and used items can be purchased but are available at different interest rates