Who This Is For
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Manufacturing and production companies
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Construction and contracting businesses
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Medical and dental practices
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Restaurants and food service businesses
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Transportation and logistics companies
Key Benefits
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Equipment as Collateral
Easier approval process
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Preserve Working Capital
Don't tie up cash reserves
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Tax Benefits
Potential Section 179 deductions
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Fast Funding
Close quickly on equipment deals
Common Use Cases
Heavy machinery and industrial equipment
Commercial vehicles and trucks
Restaurant and kitchen equipment
Medical and diagnostic equipment
Construction equipment
Technology and computer systems
Pros & Cons
thumb_up Advantages
- • Equipment serves as collateral (easier approval)
- • Competitive interest rates
- • Terms aligned with equipment lifespan
- • Potential tax advantages
- • Preserves cash flow
info Considerations
- • Equipment must retain value as collateral
- • May require down payment (10-20%)
- • Personal guarantee often required
- • Equipment obsolescence risk
compare_arrows vs. Traditional Business Loans
- ✓ Equipment as collateral means easier approval
- ✓ Often lower rates due to secured nature
- ✓ Loan amount tied to equipment value
- ✓ Terms align with equipment useful life
- ✓ Potential Section 179 tax deductions
Typical Terms
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Amount
$5,000 - $5,000,000
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Funding Speed
2-7 business days
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Rates
5% - 25% APR
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Term Length
12 - 84 months
Minimum Qualifications:
- check 1+ years in business
- check $100K+ annual revenue
- check Personal credit 600+
- check Equipment must be business-essential
No impact to your credit score