The asset does some of the work
Equipment financing is secured by the equipment itself. For a startup with limited trading history, that security can make the difference between a viable application and a decline, because the funder's exposure is lower.
Preserve your cash
Paying cash for a major asset consumes the reserves a new business needs for payroll, marketing and the unexpected. Financing spreads the cost over the period the equipment is producing revenue.
What to bring
A vendor quote or invoice, your business details, identification and — for a newer business — a personal credit authorization. The clearer the specification of the asset, the smoother the review.
New versus used
Both can usually be financed, though terms often differ with the age and expected remaining life of the equipment. Ask how the term compares before choosing between them.
Related funding solution
Equipment Financing
Get the equipment your business needs to grow.