What it is
Equipment financing pays for a specific asset the business will use. Repayment is usually a schedule tied to that cost, and the equipment commonly serves as collateral. If you default, the equipment may be repossessed.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- Basic business details, such as legal name and industry
- A quote or invoice for the equipment
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
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