Equipment Loans

Gear, Tools, Yellow Metal, Cooktops, etc.

What to Know about an Equipment Loan

LOAN AMOUNT

Up to $5,000,000

TIME TO FUND

As Fast as 24 Hours

LOAN TERM

1-5 Years

INTEREST RATE

As Low as 7.5%

What is an Equipment Loan?

Equipment financing is a type of asset-based lending that allows business owners to obtain funding to purchase or lease equipment. The equipment itself serves as collateral, providing security for the financing. This collateral-based approach offers more flexibility in credit approval.

It is particularly beneficial for businesses in different industries, including manufacturing, construction, healthcare, and more. It lets you keep your equipment up-to-date and reliable, allowing efficient operations and boosting productivity.

By considering this, you can preserve your working capital for other essential business needs. This financing option allows you to access the necessary funds while keeping your business running smoothly. Whether you're a new business or your financials are not as strong as you'd like, equipment financing provides an opportunity to acquire the equipment you need.

At Lending Wise, we understand the challenges faced by business owners when it comes to buying new equipment. Our team excels in finding customized equipment financing solutions designed to fulfill your individual needs. We will guide you through the process and ensure a seamless experience.

Minimum Requirements For an Equipment Loan

Not Quite Ready? We have a full program to help your business build credit and get Pre-Qualified!!

CREDIT SCORE

650 or Higher

MONTHLY REVENUE

$10,000+

TIME IN BUSINESS

Start-ups to Established

Office: Knoxville, TN

Call 865-830-1293