Equipment Financing

The cost-effective solution to purchasing the new equipment you require.

Benefits of a SmartCap Equipment Financing

The secret to expanding a small firm is frequently buying new machinery to boost output, add additional product or service lines, or hire more employees. But too frequently, small enterprises who apply for bank loans for expensive equipment have problems with their qualifications, excessive rates, and unaffordable payments. Equipment Financing from SmartCap is a better, more economical choice, thank goodness.

Rapid approvals

Within 2 hours!

Simple requirements

Only a minimum credit score of 600 is needed.

Less money spent

Borrow money with little to no down payment.

Hefty savings

Over the course of the loan, our aggressively low rates could save you hundreds of dollars!

Minimal monthly payments

Similar to the cost of leasing equipment.

How It Works

The majority of the time, SmartCap Equipment Financing is fairly comparable to a standard term loan for small businesses. Up to 100% of the money required to purchase the desired equipment may be borrowed. The loan principal and interest (which could be as low as 5%) are both included in your small, fixed payment each month. The equipment becomes yours once the loan principal has been repaid.

 

The ability to use your new equipment assets as collateral with the lenders SmartCap partners with is another fantastic perk. As a result, you have access to loans with greater loan amounts, lower interest rates, and longer terms. Furthermore, because the lender isn’t put at risk in the event of a default, you don’t need an excellent credit score, a ton of cash flow, or a lot of business experience to be authorized.

Use for anything you want

Almost any new assets you require to expand your business can be financed by SmartCap Equipment Financing. A new sales section can be furnished with desks, laptops, and printers. To reach customers more quickly, increase the number of your vehicles. Alternatively, you may invest in any kind of specialist equipment, like a new oven for your bakery, high-speed mowers for your landscaping company, or an operatory chair for your dental office.

Even heavy machinery used in construction is within your reach with loan amounts up to $5 million per piece. As part of their due diligence, the lender will frequently want details about what you’re buying (the manufacturer, age of the equipment, and purchase price) and who is selling it to you.