Equipment loans help you purchase equipment with competitive rates if you have good credit and good finances. The equipment serves as collateral and the term is usually calculated off of the expected life span of the purchased equipment.
Pros:
After payments complete you own the equipment
If you have good credit and strong finances you can get competitive rates.
Cons:
May need a down payment
Best for:
Businesses in need of equipment with competitive financing rates.
The National Funding Advantage
Fast, Easy Process
Simple application process
allows for a loan decision
and funding in as little
as 24 hours1.
Personalized Services
Your loan specialist will help
you secure a small business
lending solution that is
customized for you and
your business.
No-Risk Application
There’s no risk to apply
and no impact to
your credit score.