First, how much do you expect to spend on equipment?
Why Pick Online Financing?
There are a number of benefits to getting online financing for equipment, especially if you have bad credit. Take a look at some of the top reasons to go the online route.
Better Approval Odds
If you have heard no before, online financing might be the way to get a yes. When you shop locally for financing, you are simply dealing with one or two finance companies. Our online network i home to dozens of individual lenders. More lenders means more chances of getting a yes from one of them. In addition, many of our lenders specialize in working with bad credit.
Loans Are Paid In Cash
Your online loan will be paid in cash, directly into your checking account. That gives you all of the advantages of cash which include the ability to shop any dealer that you like. You can even shop for used equipment and potentially save hundreds, if not thousands of dollars.
Online Is More Convenient
Everything online is easier because you can do it from the comfort of your own home. It takes just a few minutes to get your quote and if approved, there can be money in your account as soon as the next business day.
Get Your Equipment Loan Offer
As you can clearly see, there are a number of benefits to getting a loan online, particularly if you are looking for equipment financing with bad credit. So, just how do you get a loan offer. It is incredible simple.
Complete A Quote
First, you will need to complete our short loan quote form. Enter in how much you expect to need for equipment financing and then some basic information about yourself and your income. A checking account routing and account number will also be needed because that is where your lender will send your funds.
Get A Decision
Next, submit your quote form and get an answer. If approved for financing, one lender will send you a cash loan offer and you will be sent to their website to review the terms. Make sure that you take the time to thoroughly read all of the loan details.
Accept Your Money
Your last step is to simply accept or reject your loan offer. If you accept, you can have money in your account as soon as the next business day. Reject the offer an you can just walk away because there is no commitment in just getting a quote.
Used Or New Equipment
Buying used equipment is a good way to save money on your machinery, but it can also be a risky decision. You might not know the history of the product, what kind of wear and tear it has, or if it will last as long as you need it to.
Used equipment can save you money on your purchase price but you need to be careful. Here are some things that you should do.
- Thoroughly inspect your equipment.
If you are not mechanically inclined and the equipment is expensive, hiring a mechanic for a few hours might be advisable. - Compare the cost versus new.
Used equipment is not always the best choice, especially when manufacturers are clearancing new equipment. Be sure to compare the price of new to the price of used before making a purchase. - Be patient with your purchase.
If time is not an issue, be patient and do not rush out to buy the first equipment you find. Look for the gems that pop up from time to time, but be prepared to pounce on them.
What Equipment Can You Buy?
Being a cash loan, you can purchase whatever kind of equipment that you need for your established or startup business. Here are some common things people buy with their loans.
