What it is
Equipment is machinery or tools the business will use. Financing tied to that machine is one structure, and a term loan is another. If the equipment secures the financing, it may be repossessed after a default.
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 short description of the equipment
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Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Equipment financing · Term loan