Quick Quote
What is an equipment sale leaseback? Its when you use your businesses existing equipment (already paid for) or real estate, as collateral for a loan.
You can not use equipment or real estate that is currently on a lease or loan for this secured business loan program. Although if you owe just a little bit on the collateral, we will consider paying it off with part of the loan proceeds.
The equipment should be in good shape and still have value.
- Fast approval and fundings
- Loan can be used to purchase more equipment or for working capital
- Not based on business owners credit or time in business
- Trucks and trailers
- Industrial equipment
- Manufacturing equipment
- Construction equipment
- Computers
- Office Equipment
- Restaurant equipment
- Any type of equipment that doesn’t hold its value.
Keep in mind we base loan amount on either wholesale of auction value depending on the equipment. Generally, we give 40%- 50% of that value.
- All types of businesses accepted (Startups / Established/ Good and Bad Credit)
- Equipment must have value. We tend to use how much it will sell for at auction as a basis of the loan amount.
- Minimum 600 credit score required
