applying

A good credit score will not only increase your chances of qualifying for business equipment loans, but it will also earn you favorable lending terms. You can get a low interest rate, longer repayment period and ultimately lower monthly payments. If heavy equipment financing isn’t an option, you might consider leasing instead. Equipment leases work the same as most other leases, in that you are renting from an owner. Leasing does not require a down payment and allows you to slowly pay back your debt in fixed monthly installments.

• Additionally, the SBA offers a lot of free education and business