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There are many options out there, including SBA 504 loans, so you will need to research carefully to find the best equipment loan for your business. What is an equipment loan? An equipment loan is ...
A business equipment loan is designed specifically for buying equipment and is secured by the equipment itself Equipment loans can't be used for any other business need
Equipment loans vary from lender to lender, but interest rates range from 5% to 30%, per Funding Circle, and requirements regarding down payment, credit score and business financials can vary.
Find the type of fast business loan you need. ... Equipment loan. 1 business day. $10,000 to $500,000. SMB Compass. Line of credit. 1 business day. $25,000 to $5 million. Funding Circle.
Equipment loan. For businesses that need to finance equipment purchases. These loans are secured by the equipment you buy. The amount available depends on the purchase being made.
An equipment loan makes sense for your business if you need to finance equipment and are looking for low overall loan costs. Because the loan is backed by the equipment, you need to be willing to ...
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