Автор: Whether you’re looking to purchase new or used business equipment—or even purchase directly from a third-party—US Business Funding is willing to finance the transaction, earning it our top spot for used equipment.
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New, used, and third-party sales accepted
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Equipment loans from $5,000 to $50 million
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Credit decision in 60 seconds
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24-hour funding available
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Repayment terms up to 72 months
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100% soft cost roll-in allowed
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95% loan approval
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Only $75,000 available with short-form application (no financials)
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Most programs require a two-year business history
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All financing is technically a “lease”
Offering financing options in any number of industries, US Business Funding is there for a variety of businesses and equipment needs.
With US Business Funding most equipment loans are between $10,000 and $2 million. However, loans as $50 million are possible. If you plan to borrow $75,000 or less, you can do so with a one-page credit application, and there is no need for lengthy financials. Beyond $75,000, however, you should expect to provide a range of business and financial documentation.
Equipment financing is offered for new or used equipment. Where US Business Funding stands out, though, is that it also allows for purchases of equipment from third parties, which may be helpful depending on your industry and the exact equipment you’re looking to buy.
In order to qualify for most financing programs through US Business Funding, your business will need to have been operational for at least two years. However, there is a program option for businesses that are at least six months old and another for one year old businesses.
Credit approval takes only 60 seconds. Many applicants receive funding in as little as 24 hours, and the lender currently boasts a 95% approval rate. Repayment terms are up to 72 months depending on the program. Interest rates are as low as 3.5% APR right now, though you can expect your rate to vary based on things like the financing terms you request, your business’ history, and credit score.
Lastly, you can roll in 100% of the costs involved with your equipment purchase, including “soft costs” like installation, delivery, training, and more.
It’s important to note that all of this lender’s programs are equipment leases. With that said, there are programs where at the end of the lease, you can purchase the equipment for $1 if you want to keep it ($1 Buy Out).
