An equipment loan is a specific type of small-business loan used to buy equipment ... If the equipment has a short lifespan or you don’t plan on keeping it long, leasing might be the smarter ...

In addition to the SBA loan application form, personal financial information and business information, it can be helpful to have pricing quotes for the equipment you plan to purchase. If you ...

Excellent credit is best for an equipment loan, according to small-business lender Kabbage. The lender also says to have a solid business plan, an updated resume, and your personal and business ...

Explore the best equipment financing companies. Compare top lenders offering competitive rates, fast funding, and flexible ...

type of loan and type of equipment being purchased Documents a lender may require include business plan, multiple financial statements, personal and business tax statements and other legal ...

Equipment financing refers to a loan used to purchase business-related equipment ... In addition to credit score, lenders may require a business plan that describes your business and a detailed ...

Businesses that plan to keep the equipment for longer ... Take these steps to get equipment financing business loans through a bank or online lender: Many manufacturers and vendors also offer ...

This can be property, equipment, inventory or even receivables. If you don’t have any collateral, lenders may still approve a loan if you have a good credit history and a solid business plan.

Several banks have announced plans to expand in equipment finance in recent days, including United Community Banks in Blairsville, Ga.; Midland States Bancorp in Effingham, Ill.; and Meta Financial ...