Next big thing? Get equipment financing for it.

Are you ready for an upgrade? Let’s have a discussion about equipment financing.

Loan Amount $5,000 to $5,000,000
Loan Terms 1 to 10 years.
Interest Rate Starting at 7.5%.

Options for equipment loans tailored to your industry

Looking to acquire a new backhoe or a credit card processing app? Look no further, as there are loan options available for small businesses in various industries. From conventional equipment to unique apparatus, your wish list is likely to be covered. Explore the possibilities today.

An Insight into the Mechanics of Equipment Financing

Equipment financing is a form of asset-based lending, that assists business owners in acquiring funding to procure or lease equipment while preserving their working capital. Let’s delve into how it operates.

Determining Your Requirements

Initially, let’s establish the essential equipment necessary to enhance your business operations. This may encompass a broad range of items, such as a new excavator or office furniture. Once you have identified these requirements, proceed to estimate the associated costs. By following this approach, you can effectively strategize and allocate resources for optimal productivity and growth.

Application Process

Take the next step and submit your application online. It’s a painless process, and we guarantee your convenience.

Plan Selection

Once you’ve submitted your application, we take care of the complex task of finding the perfect financing options for you. You’ll have the opportunity to thoroughly review and select the option that seamlessly aligns with your specific needs.

Acquire Your Gear

With the funds readily available , proceed to purchase the necessary equipment. Subsequently, you can begin repaying the loan on terms that suit your needs. And upon completion? The equipment becomes entirely yours, without any obligations attached!

Equipment financing minimum requirements.

If your business does not meet certain criteria outlined below, securing funding from our lending partners may pose more challenges.

Credit score 520 or higher is required.
Annual Revenue $50,000 or higher.
Minimum time in business 0-12 months.

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Guidelines for Applying for Equipment Financing

While going the traditional bank route may entail a lengthy application process and a high rejection rate, Grand Capital Group offers a faster and easier alternative for securing financing in this lifetime.

STEP 1

Complete the 10-minute online application form.

STEP 2

Receive notifications of compatible matches.

Our dedicated funding managers will guide you through a thorough evaluation of the benefits and drawbacks associated with each choice.

STEP 3

Obtain funding.

Once your approval is granted, you will have expedited access to your capital.

Where to obtain equipment financing.

When seeking an equipment loan, you have several options at your disposal. Each lending institution possesses unique strengths, making it crucial to identify the best match for your business.

1. Alternative lenders: These financial institutions differ from traditional banks in their flexibility and ability to expedite processes, making them an excellent option for prompt equipment acquisition.

2. Banks and Credit Unions: Traditional lenders, although they may require a slightly longer processing time for your application, frequently provide competitive rates.

3. The U.S. Small Business Administration (SBA): The Small Business Administration (SBA) provides an array of loan programs tailored to assist small businesses in obtaining the necessary funding for equipment financing. These programs serve as valuable resources, empowering entrepreneurs to drive growth and achieve their financial goals with ease and confidence.

4. Companies specializing in equipment financing: Specialized companies in equipment financing are experts in their field and provide valuable guidance throughout the process.

5. Online Platforms: Grand Capital Group and similar websites provide a convenient marketplace where you can explore various loan options, allowing you to compare and choose the most suitable one.