Equipment Financing

What Is Equipment Financing?

Equipment Financing is essentially a term business loan used to purchase equipment. Since the equipment is usually costly, Equipment Financing allows small businesses to access higher amounts by using the equipment as collateral. Thus, the borrowing amount is directly based on the equipment’s price. The terms are also based on how long the business expects to use the equipment.

Thanks to the collateral, Express Capital can offer lower interest rates for businesses with subpar credit. This form of financing gives businesses up to 100% of the cash needed to buy equipment, at a lower rate than some other forms of borrowing, such as unsecured business credit lines, invoice factoring, or a merchant cash advance.

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Loans offered in the United States and Canada ONLY
Full Name*
Business Name*
Phone Number*
Email Address**
Services you are interested in (Check all that apply)*
- Invoice Factoring
- Line of Credit
- Business Loan
- Equipment Financing

Amount Requested*
How is Your Credit?*
Existing Business Loans*
Type of Business*
Monthly Bank Deposits*
Hidden
Amount Received
Business Start Date*
Have you filed for bankruptcy in that last 7 years?*
Are you currently seeking funding from another Lender?*

Is your business physically located inside the United States or Canada?
Have you ever been convicted of a felony?*
How soon would you like to get funded?*
How did you hear about us?*
Have you ever defaulted on a Business Loan before?*

How Does Equipment Financing Work?

The repayment structure is the same as a Business Term Loan. In most cases, you make fixed monthly payments (plus interest) over a set term. Interest rates start at 5%, with terms of up to five years. You can borrow up to $5 million, and the minimum credit score is 600.

Equipment Financing can be used to purchase many types of equipment, including

Computers
Printers
Copiers
Desks
Vehicles
Construction equipment
Landscaping equipment
Chairs for hair salons or beauty spas
Restaurant equipment (ovens, freezers, etc.)

Since the equipment is being used as collateral, we will need complete information about the equipment to determine its current value. This information includes the purchase price, age, seller, vin or serial numbers, and the company that makes the equipment.

Applying for the loan is really simple. Just click on the APPLY link to get started.