Business & Equipment Loans
A business & equipment loan provides financing specifically for the purchase of business-related equipment.
What is a Business & Equipment Loan?
Business & equipment loans help businesses acquire the necessary business-related equipment to maintain or expand their operations without a significant upfront capital cost.
​
​
Common Uses of Business & Equipment Loans
-
Construction Equipment: Financing of heavy equipment such as excavators, cranes, and bulldozers. ​
-
Farming Equipment: New or used machinery, vehicles, or other types of equipment that is necessary for daily operations.
-
Manufacturing Equipment: Purchasing machinery for manufacturing processes and production lines. ​
-
Property Renovations: Financing improvements or renovations on commercial properties before securing permanent financing. ​
-
Medical Equipment: Purchasing medical equipment and devices for medical practices. ​
-
Transportation: Purchasing vehicles for logistics, delivery, and transportation services.
-
Technology & IT Equipment: Purchasing computers, servers, and other types of equipment for business operations.
Key Features of Business & Equipment Loans
-
Preserves cash flow
-
Loan amounts starting at $25,000
-
Fixed interest rates
-
Loan amounts up to 5 years
-
Interest payments and depreciation could be tax-deductible ​
