Equipment Financing
Equipment Financing Basics
- Financing designed specifically for the purchase or lease of equipment
- Finance up to 100 percent of the equipment’s value
- Funding is secured with the equipment as collateral
- Simple 4-step application process that takes minutes
- Obtain approval within 24-48 hours
What is Equipment Financing?
Equipment financing is specifically for the purchase or lease of equipment, such as vehicles, technology, and industrial machinery. You can use the loan to buy new or used equipment.
Equipment financing is ideal if you need to make a large investment in a fixed asset to expand, or if you need to replace an aging or damaged piece of equipment. By financing an equipment purchase you can avoid using up your cash reserves.
While some lenders will only finance 80 to 90 percent of the purchase price, Stream Capital enables you to borrow the full purchase or lease price of the asset. The equipment you’re buying serves as the collateral to secure the loan.
With access to over 50 lenders, Stream Capital can help you find a lender with experience loaning money for the type of equipment you're seeking.