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

Many businesses need specific equipment to keep their company running; however, they may not have adequate funds to purchase this equipment. This is when equipment loans come in very useful for growing businesses or businesses that simply need extra funds to support their growth or to purchase equipment. This type of loan is used to provide funding for a physical asset, and equipment finance is often secured on the equipment you are purchasing.