- Home
- Equipment Financing
Equipment Financing
Why JaScott?
Best loans
Quick and Simple
Offering Security
Equipment Financing Details
MAXIMUM LOAN AMOUNT
Up to 100% of Equipment Value
LOAN TERM
1 - 8 Years or Expected Life of Equipment
INTEREST RATES
As Low As 4.59%
SPEED
As Fast As 2 Days
- Pros
- Easily Acquired
- Quick funding
- Term flexibility
- Better credit
- Cons
- Increased liability potential
- Term length exceeds equipment durability
- Risk of default
- Overpriced equipment
Quick Business Loans
1
Apply in Minutes
2
Get Approved Quickly
3
Receive Funds
What is Equipment Financing?
Equipment can be any tangible asset, other than a building or property, that is used in business operations. Businesses can either purchase or lease furniture, computers, commercial ovens, X-ray machines, and construction equipment, all of which are considered business equipment with equipment financing.
This type of financing allows small business owners to finance equipment purchases without having any assets as collateral since the equipment you are purchasing is considered collateral.
Qualify and apply easily for equipment financing
Typically you must have at least one year of business experience, $50k in revenue each year, and a credit rating of 650 or greater to qualify for equipment financing. It's still possible to qualify if you have a credit rating below 650 but can demonstrate strong cash flow and revenues.
It doesn't matter if you can't meet all of these requirements - lenders and equipment types will determine eligibility in detail. Get in touch with one of our funding managers or fill out the application that takes only a few minutes to figure out whether you qualify.
Worried about collateral?
Equipment financing also lets you use your equipment as collateral - allowing you to secure a loan without risking your valuable assets or draining your savings. In addition to reviewing whether the equipment you're buying is new or used, your lender will determine the amount you can finance based on its lifetime value and the type of equipment you're purchasing. Small businesses often don't have as much trouble getting approved as they think because collateral is part of their loans.
Varying equipment bring varying costs
In addition to the loan amount, interest rate, maturity date, and collateral, your equipment loan payments are determined by these four factors. Industries and equipment types differ in these factors. Our loan specialists work with various different lenders who specialize in specific loans, so we can guide you to the best loan for your business.
Using an equipment financing calculator, you can calculate how much you can easily pay each month. Remember to take into account both short and long-term gains from new equipment.
Problems with outdated equipment, need funds
to upgrade it?
Testimonials
“The JaScott Team helped obtain several working capital loans that I used to invest and grow my real estate business. I will definitely use them again.”
Carolyn Hooker - Realtor
“The JaScott team has provided working capital to help us complete some of our construction and renovation projects as well as helped my clients find funding for home repair projects.”
Chimere Crump
“The JaScott team was able to help my client secure funding to renovate a transitional living home. The funding helped my client efficient run their business and expand their ability to provide a place for those in need.”
Char Holland
Frequenlty Asked Questions
- Small Business Loans
- SBA Loans
- Short-Term Loans
- Commercial Real Estate
- Hard Money Loans
- Rental loans
- New Construction
- Business Lines of Credit
- Merchant Cash Advances
- Equipment Financing
- Business Acquisition
- Loans for Latinos Small Business
- Loans for Women
- How long have you been in business?
- What are your average monthly sales?
- Do you have business assets or personal collateral?
- What is your credit score?
- Telephone: Call Tel: (877) 360-7387 to have your questions answered
- Office Consultation: Schedule an appointment, and visit our office or satellite locations