Equipment Loans to grow your business
Is your business struggling with limited cash flow at a time when you really need to invest in some new or used equipment? Or maybe you have money tied up in valuable equipment - money you'd like to access for immediate expenses? We can get you a loan of up to 75% of the value of your existing equipment that you own free and clear, so you can use that capital to grow your business.
Improve your cash flow. Maximize your competitiveness with Cap4Growth's equipment financing services in the following sectors:
- Construction Equipment Financing
- Industrial Equipment Financing
- Medical Providers Equipment Finance
- Office & Computer Equipment Financing
- Restaurant Equipment Financing
- Transportation Finance
- Recreational / Seasonal Equipment Finance
- Used Equipment Financing
Entrepreneurs and new business owners often make the mistake of using their own money to purchase expensive equipment. They might not realize that there is a more efficient way to get the equipment they need without decreasing business capital. Equipment leasing is a much cheaper and easier alternative for financing equipment purchases. Any business that utilizes equipment can take advantage of this product. Using equipment as collateral, institutions lend to business owners at lower rates with longer terms than unsecured financing. A typical equipment loan term extends anywhere from 5 to 7 years (based on the residual value) compared to an unsecured line of credit term of 2 to 5 years. Equipment financing also allows small business owners to claim depreciation on their taxes.
Cap4Growth offers a wide range of equipment financing products for both start-ups and well established businesses. Start-ups: Loan amounts ranging between $25,000 and $100,000 can be applied for quickly with minimal paperwork. Normally the Business Credit Rating is weighed more heavily than your personal credit score in these scenarios. Applicants will be required to submit two years of personal tax returns and cost estimates of the equipment to be purchased. Cap4Growth will guide you step by step through the process. The average processing time is between 3 to 4 days.
Well Established Businesses: We have a network of lenders who specialize in providing equipment financing to businesses over 13 months old. For loans up to $100k, the loan application is simple and processing time is between 72- 96 hrs. For loan requests over $100k, a business credit score and business tax returns are sufficient documentation to obtain financing at competitive rates ranging from 5.99% to 7.5% over a term of 60 months. The fastest way to access these equipment financing products is to apply online today. One of our experienced equipment experts will guide you through the whole application approval process.