Need An Equipment Loan?

When your equipment goes down, get back in business fast

Probably the most expensive operational cost after real estate in a business is the machinery necessary to operate daily. From computers and software to ovens and vehicles, if your business relies heavily on a machine to generate your income, you can’t afford the delay that happens when it breaks down.

That’s where equipment financing comes in. Loans for your small business that can only be used to repair or replace major equipment are popular. If you need to replace your faulty machines or upgrade to a more efficient model, ProFinance can help you get the funds you need to get back in business quickly.

Since your financing is going towards a purchase that you need in order to keep your business going or improve your sales, this type of lending is an investment in your company’s future. As a borrower, you are purchasing tangible equipment that can be used as collateral for the lender, so it’s easier to qualify for equipment loans and the interest rates are usually more comparable since the lender’s risk is lower.

Clients Choose ProFinance for their Loans and lines of Credit Because:

The quick and easy loan process lets you apply in minutes.

Upon approval, you can have your funds as early as the same day.

Our multiple alternative lending options let you choose the financing that fits your needs.

Lease or Loan?

Equipment lending can come as either a lease or a loan and the term methods are fixed monthly payments with limits up to 60 months on average.

Since the need to fix or upgrade equipment is applicable to almost every small business, this is one of the most common types of loans you will see at ProFinance. Leasing or taking a loan out for better software, more cost-effective machinery, or improved furniture is a great investment for your business.

Many lenders are willing to offer small businesses leases or loans for as little as $500 up to over $100,000. Of course, it’s easier to be approved for smaller loans, so you can get access to cash quickly depending on the amount you require. And even those with poor or bad credit can be approved, since the equipment being financed counts as collateral in the borrowing process.

This same type of funding is available through traditional banks, but it can take weeks or even months to complete the application process, find out if you are approved, and then get access to your funds. This can be a costly or devastating delay if your machinery is not functioning and you rely on it to make an income.

How To Apply:

1. Complete the short application form

Our application process takes less than 10 minutes, either online or on the phone.

2. Choose the lending option that suits your needs

Our agents will let you know which financing options you qualify for and you can decide which one you want to go with.

3. Access your funds

Complete the online checkout and the money is in your business bank account within 24 hours