Guide
Equipment financing secures against the asset. The products here do not.
✓ Checking what you qualify for does not affect your credit score.
These are unsecured working-capital products, which is why they move in a day and why they price above a secured equipment note.
If the equipment is the whole use of funds and the timeline allows, a secured equipment lender or an SBA 504 will almost always be cheaper.
Where working capital wins is timing: an auction deadline, a contract that needs the machine on site Monday, or a repair that has stopped production.
Section 179 lets many businesses deduct the full purchase price in the year the equipment is placed in service, which changes the after-tax maths substantially. Confirm with your accountant.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Buy versus finance is a cash-flow question, not a cost question, once Section 179 is in the picture.
Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Yes, up to two existing positions.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
