Best Equipment Financing for Startups
These loans allow for the purchase of equipment with competitive rates for borrowers with good credit and strong finances.
The hardware serves as collateral, and the term is usually calculated based upon the expected life span of the purchased items.
Is This The Right Fit For You?
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After payments are completed, you own the devices
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Investments in business materials are tax deductible up to $1M per year, allowing the firm to increase profitability while saving on taxes
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Can be utilized for any type of equipment, as long as there is copy of invoice from vendor
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May need a down payment
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Must be incorporated for at least 2 years
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Industries in need of tools or expensive contraptions
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Companies looking to purchase trucking components, vehicles, construction gear, manufacturing machinery, though not limited to these examples.
