Equipment Financing is an ideal option for businesses looking to acquire essential equipment without the burden of paying the full cost upfront.
QuickBag Capital’s equipment financing programs ensure your business has access to the tools and machinery needed to operate efficiently and drive growth.
Whether you're upgrading existing equipment or expanding your capabilities, we offer customized funding solutions designed to support your goals.
The terms of EF depend on both the lender and the type of equipment you're financing.
Lenders usually assess the equipment’s expected lifespan to decide the appropriate loan term.
While repayment periods can range from 1 to over 15 years, most equipment loans typically have terms between 1 and 7 years.
Eligibility for EF requires at least one year in business, a credit score of 650 or above, and annual revenue of $150,000 or more.
To apply, you'll need a simple application and your six most recent business bank statements. If approved, a valid form of identification—such as a driver’s license or U.S. passport—will be required to release funds.
Lenders will also take several factors into account, including your business and personal credit scores, business history and plans, personal income and tax returns, as well as profit and loss statements.
It’s important to note that equipment loans typically require a down payment as part of the financing process.
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