Equipment Financing is perfect for businesses that need to purchase equipment and fast. Equipment financing helps you finance between 70%-100% of the equipment you need. Some of our clients are restaurant owners who needed to purchase a new oven, or construction companies needing new equipment for a new job.
$50,000.00 - $75,000,000.00
Time to Funds
As soon as 1-3 Business Days
As low as 5.99% Annually
What is Equipment Financing?
Some of Blue Rocks' Affiliates
Who Qualifies for Equipment Financing?
Most of our clients who have qualified for Equipment Financing are in business for at least 2 years, have over 650 FICO scores, and annual revenue over $2,000,000.00.
What Documents are Needed for Equipment Financing?
To apply you’ll need to gather up several documents, including a loan application, driver’s license, voided check, previous 6-12 months bank statements, previous 2 years tax returns, credit report, and information on the equipment you’re looking to purchase.
How Much Does Equipment Financing Cost?
Equipment financing loans usually cost between 5.99%-30% APR, with terms up to 60 months. One benefit of equipment financing is that you don’t need to put a lot of money down (if any at all). Every business is different so you’ll have to have an honest conversation with yourself to determine if the interest cost is worth what you’ll receive from the equipment in return.