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Equipment Financing

Equipment Leasing vs. Equipment Loans

If your business needs new equipment, but you don’t have enough available cash to make the purchase then this is a great option for you. Our equipment financing product allows you to choose between purchasing your new equipment or leasing it with rights to renew. Equipment loans involve regular payments that include both the principal and interest. Equipment leasing is similar to leasing a car where you pay “rent” for use of the equipment over a specified amount of time.

Loan Size

$10K – $500K

Term Length

0 – 7 years

Interest Rate

As low as 5.99%

Payment Frequency

Monthly

Qualifications

Minimum FICO

600+

Time In Business

1 year

Monthly Revenue

$15,000 minimum

Banking

Business Checking