Sale-bank finance is multi-purpose so can be used to pay debts, meet ATO obligations or fund business growth. Crucially, what sets Lend above other lending marketplaces is their dedicated Lend Asset Finance division. Meaning Lend works with both specialist SME lenders and specialist asset/equipment lenders.

Small Business Equipment Financing

You should also consider credit repair services if you need to improve your credit score prior to applying for equipment financing. These services can raise your personal credit score by focusing on the credit standards that are keeping it down. You can also try your local credit union to see what options they can offer. That means when businesses apply for equipment financing through Become, they have the benefit of having a wide selection of loan options that they may qualify for.

Home Loans

CIT’s equipment financing stands out for its high borrowing limits. Eligible business owners could receive up to $500,000 in just one business day. Your lender will determine how much you can finance by reviewing the type of equipment you’re buying, its lifetime value, and whether it’s new or used. To figure out whether you’ll also see a hearty long-term return on investment, consider the longevity of the equipment you’re financing. Our dedicated funding managers can help you weigh the pros and cons of each option.

  • A small business owner can ask his or her vendor or equipment finance company of choice about these programs.
  • Over 20 years of experience financing technology, heavy machinery and equipment, software and more.
  • Businesses that purchase their equipment can have items serviced in-house or by service companies of their choice.
  • Apple is famous for its financing programs on new or refurbished equipment.
  • They want to see that you have regularly paid your creditors on time.