How Long Does Equipment Financing Approval Take?
Equipment financing applications can often be approved within one business day, and sometimes the same day, particularly for straightforward transactions with complete information. Approval and completed funding are different milestones, and timing varies by...
Can a Startup Business Qualify for Equipment Financing?
Yes, a startup business can qualify for equipment financing, even without years of operating history. Some financing sources evaluate the equipment, the owner’s credit and industry experience, and the overall financing request, rather than years in business alone....
Get Preapproved for Equipment Financing Before You Shop
When you know what financing may be available before you shop, you can make equipment decisions with more confidence. You have a clearer idea of what may fit your business, can compare options from a stronger position, and are better prepared to act when you find the...
Your Equipment Broke Down. Should You Repair It or Replace It?
The tire changer is down. Cars are still arriving, tires are piling up, and replacement quotes are on your desk. You need to decide whether to repair the machine or replace it, and every day without it puts pressure on the shop. In that moment, it is easy to feel that...
Can You Finance Equipment Before Your Business Has the Cash for a Down Payment?
If your business needs equipment and the cash for a large down payment is not sitting in the account, here is the direct answer: equipment financing with no down payment is often achievable. Most equipment financing transactions we arrange do not require a traditional...