Apply Online for a Equipment Financing
Upgrade your equipment and free up working capital in the process
Apply Online for a Equipment Financing
Upgrade your equipment and free up working capital in the process
Equipment loan up to
$5,000,000
Rates as low as
7.5%2
Approvals as fast as
24 Hours
Start your application
Need Help? Call 855-739-8883
A line of credit gives you access to funds up to your credit limit which can be borrowed and paid back multiple times while only paying interest on the money you borrow. This is a flexible and typically unsecured way to borrow money for seasonal businesses or businesses that need help managing cash flow or handling unexpected expenses.
What is Equipment Financing?
Business owners are always looking for the best service to their customers. Equipment loans are less risky for lenders as compared to term loans. Business equipment financing is funding you obtain to buy or repair equipment, tools, technology or machinery you need to operate your business. The equipment financing program from FundMate offers lenders a quick and affordable way to get new or repair used equipment to enhance their business’ productivity, effectiveness, and service.
Traditional banks offer the most favorable interest rates and terms, but they have strict credit standards. This kind of financing often has too much time, so you’ll not be able to purchase what you need quickly.
Fast Equipment Financing
Made Simple
Competitive interest rates
Since equipment loans are less risky for lenders as compared to term loans, you can secure financing at APRs as low as 7.5%. This allows you to grow your business while covering the costs of buying or repairing equipment.
Low personal credit requirement
Since the equipment serves as collateral for the secured loan, you can get approved with a credit score of 550 or above.
Maximum Cash In Hand
$0 Down! We will cover 100% of the equipment cost.
Transparent process, no hidden fees
Equipment financing has no pre-payment penalties. We walk you through the entire approval process, terms, and payment schedule. We keep it crystal clear.
What are the Equipment Financing Used For?
Equipment loans can be used to repair existing equipment or to buy new equipment for your business growth. Equipment financing refers to a loan used to purchase business-related equipment, such as a Commercial Vehicle, Medical Equipment, Restaurant Equipment, Construction equipment, Manufacturing equipment, Farm equipment, Office Equipment, etc. We offer leaders Zero Down payment and FundMate will cover 100% of the equipment cost. That’s great because you don’t have to worry about how much down payment you want to do. Another big benefit is Equipment financing has no prepayment penalties.
Qualify for an Equipment Financing
Lenders find equipment loans a better option for their business for a lot of reasons. Lenders will vary in their needs to obtain an equipment loan. But among them is also that the requirements for qualifying for an equipment loan aren’t out of this world they are attainable for many minority business owners, including ones without a perfect credit history, or businesses that haven’t been going for very long. To get equipment financing, you’ll typically need a credit score of at least 550 or above, and 6+ Months in business. Lenders are not vary about a down payment we will cover 100% of the equipment cost.
What you need to get started
Minimum qualifications
- 550+ FICO
- 6+ Months in business
What you need to apply
- Basic details about you and your business
- Bank connection or year-to-date bank statements
Ready to apply? Get started
Have more questions? Visit FAQs
How it works
Fill out our quick & easy online application
We find the best possible offer for your business in minutes
Receive the funds in your account in under 24 hours
Why You Get Financing by Fundmate
Traditional banks take too much time, so you’ll not be able to purchase what you need quickly. At FundMate, we know the priority of business owners don’t have a lot of time to navigate the financing process and you will Purchase your need quickly. If you have any doubt then talk to one of our specialists, and he or she will evaluate your needs, explain and help you.
Why is it better?
Unlike traditional business loans, available through banks or credit unions, that look at your credit history, business & personal tax returns, our revenue based funding program only considers your business income over the last 3 months. This allows us to precisely determine your business’ performance and provide you with timely and competitive offers.
Don’t let cash flow issues distract you
Pros
- Flexible borrowing
- Typically no collateral required
Cons
- May have maintenance fee or withdrawal fee
- Good credit and consistent revenue required
Best for
- Short term needs
- Seasonal business to manage cash flow
Our 3 Step Process
Apply
Fill out our Quick Apply application.
We review your application
We review your goals and present you with programs matching your needs, getting an offer in 24 hours.
Receive funding
Choose the program that fits you best and receive funding within 48 hours.
How do I qualify?
If you have been in business for at least 3 months and are depositing a minimum of $10,000/month, you are already pre-qualified for our revenue based funding program.
What can I use the money for?
There’s no restriction on what you can you use the money for, though we recommend putting the funds towards income multiplying activities. Our customers usually use the funds for: purchasing inventory, payroll financing, equipment financing, marketing campaign funding, business expansion capital.
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