Secured Business Loan
MINIMUM LOAN AMOUNT $10,000 – NO MAXIMUM
Our secured business loans use equipment and /or real estate you already own as collateral for a business loan. You can not use equipment that is currently on a lease or loan.
CRITERIA FOR APPROVAL
- All types of business accepted – U.S. Companies only
- Startups are welcome
- Minimum 600 credit score required
- No bank loans or leases against equipments
- Equipment should be in good shape and still have value
- If you use real estate, you must have sufficient equity in the property.
- If you use real estate, you must already own it. You can’t use this type of financing to purchase real estate.
- If you use real estate, we must be in either 1st, 2nd and 3rd position.
- Real Estate: Up to 70% LTV
ACCEPTABLE EQUIPMENT LIST
- Industrial Equipment
- Office equipment
- Construction Equipment
- Fitness, Rehabilitation
- Automotive repair
- Medical Equipment
- Logging & Timber
- Phone Systems
- Printing Equipment
- Electronics / Surveillance
- Dry Cleaning / Laundry
- Warehouse Equipment
- Once all necessary documents are submitted, it takes an average of 72 hours for approval
- Funding takes 10 to 15 working days after approval
Call Us (888) 308-7160 (Monday – Friday 8 – 4 P.S.T)
DO YOU HAVE A BAD CREDIT? CLICK HERE ON HOW TO GET A BAD CREDIT EQUIPMENT LEASE