Equipment Finance

Wanting to replace a truck, upgrade a machinery, or buy a new commercial appliance? Plousio can help you to find the most competitive equipment finance offers to boost the productivity of your business.




In a Nutshell

Equipment finance is a financing option that helps you to get the equipment you always wanted to boost productivity and profitability. Based on the value and condition of the equipment you would like to purchase, an equipment financing company would advance you a certain amount of cash for the purchase. This particular financing option is secured by the purchased equipment itself, so the interest rate on this option is generally lower than others.

Loan Amount

Up to $500K

Interest Rate

As low as 5%

Term

Up to 5 years

Funding Time

As little as 48 hours

Benefits and Drawbacks

Pros

  • Flexible credit requirement
  • Financing leads to ownership
  • Less documentation requirement
  • Early payment discount

Cons

  • Fund can only be used to purchase equipment
  • Equipment could be obsolete and fully depreciated by the time the loan is paid in full

What Does It Take?

As you might know all loan products have minimum requirements to qualify. Knowing them in advance can significantly improve your chances of being approved and getting the funding that your business needs to grow. Have questions? Don’t worry, our team and our service can help you prepare your loan application and get you a great deal.

  • Monthy Sales: $8,000/month
  • Time in Business: 12 month
  • Drivers license
  • Voided business check
  • Bank statement (3 ~ 6 months)
  • Business tax returns (2 years)
  • Equipment quote

How Does Plousio Work?

Plousio makes it easy to find a great small business loan with the most competitive rates. Simply answer a few questions, select a lender and fill out our account creation form and you’ll start receiving new offers right away! With 3 easy steps, you can get your death care business funded!

Step #1: Apply online or call 1-508-848-0534

Step #2: Receive the most competitive offers

Step #3: Get funded within 24 ~ 48 hours

FAQ

Getting a loan for your business equipment purchase is just like getting a loan for your car purchase, where the purchased item becomes the collateral. Therefore, the condition and the value of the equipment are the key consideration points for equipment finance lenders. Other areas, including credit score, business financial history, and length in business, are also considered by the lenders when originating the loan.

From time to time, businesses need to replace or upgrade their obsolete equipment to keep their productivity high, and equipment finance allows the businesses to possess and utilize the equipment without paying the full amount up front.

For equipment finance, the Plousio lenders generally would fund business with monthly revenue as low as $4,000 and been in business as little as 6 month. Most lenders will also fund businesses with credit score as low as 560. Collateral might be required in some cases.

Depending on the business situation and the value of the equipment, the interest rate for equipment finance can range anywhere between 5% and 50%. Some equipment finance lenders might also charge appraisal and/or processing fee.

Plousio is a marketplace which brings together 70+ lenders to complete for your business loan request, so you can be sure that you are getting the most competitive offers available anywhere.

What our customers say about us!

Contact a Plousio Funding Adviser Today

If you need help with determining your funding eligibility or preparing application and documents, please contact our funding adviser today. Plousio funding advisers pride themselves in transparency and non-aggressive communication practices. They are not here to make sales quotas, instead, focus on helping you every step along the way of your funding process. In the unlikely event, you do not think that Plousio is the right solution for you, just let us know – No problem! We promise we wont be calling you 5 times a day like some other companies do.

Other Business Loan Products From Our Marketplace

A/R Finance

Up to $500K

Interest rate as low as 2%

Biz Line of Credit

Up to $5M

Interest rate as low as 7%

Equipment Finance

Up to $500K

Interest rate as low as 7%

Merchant Cash Advance

Up to $500K

Interest rate as low as 14%

Revenue Based Loan

Up to $500K

Interest rate as low as 10%

SBA Loans

Up to $5M

Interest rate as low as 6%

Short Term Loan

Up to $250K

Interest rate as low as 10%

Term Loans For Business

Up to $500K

Interest rate as low as 6%

Startup Solution

Up to $150K

Introductory rate as low as 0%