Equipment Loan Financing Overview
Equipment loans are term loans to finance costs associated with purchasing equipment.
- Purchase Equipment
- $25,000 – $5,000,000
- 7.75% – 10.25% (Variable or Fixed)
- UCC Filing
- Monthly Principal & Interest Through Maturity
- 2 – 10 Year Amortization Periods
- Up to 125% Advance Rate of Purchase Price
Equipment loans may also be funded through the Small Business Administration (SBA) 7(a) program.