Small Business Equipment Financing – Compare Offers and
Find the Best Rates

Acquire everything from tools and widgets to manufacturing and construction equipment without shelling out the full price upfront

Quality equipment plays a vital role in your small business success. They make a vital term revenue and profitability. Also, they enable you to enhance the quality of your products so charge and maintain higher prices. Whether you need a hi-tech machine, office furniture, computers, or any other type of equipment to take your business to new heights, you’re going to need some money to convert your wants into demands.

What if you don’t have enough funds to buy everything on your wish list? Plenty of SMEs faces this dilemma every single day. Fortunately, there is an alternative small business financing option available that will help business owners to buy all the equipment they need, all through
Equipment Financing.

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Every Business’ Financing Needs Are Different. You Can Customize Equipment Financing
On Smansha To Meet Your Needs.

In Equipment Financing, the asset purchased acts as a security or collateral for the loan. As long as the loan is repaid promptly, you can use and access the equipment. If you default on your loan, the lender can repossess the equipment to cover the outstanding amount of the loan. The best thing about this loan is that it helps you finance up to 100% of the new or old equipment for your business. At Smansha lending marketplace, we help businesses compare and find a variety of equipment loan offers, sold by multiple lenders, making it easier to apply and secure the best business line of credit to fit their budget and needs.

Loan Amount

$5,000-5,000,000

Loan Term

1-5 years

Repayment Term

The expected life of the equipment

Interest Rate

As low as 7.5%

Funding Time

As fast as 48 hours

Security

Not required any collateral

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Eesy to Set Up. No Credit Card Required.

Why Consider a Business Line of Credit with Smansha?

Equipment financing can prove beneficial when it comes to needing important tools or technology for your business in a short amount of time. Most businesses need equipment to operate their day-to-day operations – from basic tech devices like computers and cell phones to more specialized machinery like trucks, manufacturing equipment or hydraulic lifts.

Easy to Qualify and Apply

The application process is quick and approval does not take more than 1 or 2 business days. Moreover, there is no need to give any down payment and have perfect business credit. Since the equipment purchased acts as collateral, you don’t have to risk your personal assets.

100% Financing

Traditional lenders usually only finance 80% of the equipment but our lending partners will finance 100% including finance soft costs, like delivery, installation etc.

No Hidden Charges

There are some loan hidden charges that banks don’t tell you. At Smansha, we think you deserve loan charges that are clear and transparent – with no hidden costs.

Flexible Repayment

Flexible loan options are provided to repay the amount as per their convenience and budget.

Find the Best Deal

Our business funding experts can help you match your business with a wide range of equipment financing options. Besides, they can also help you compare interest rates, terms, and payments for a variety of lending options, so you can choose the one that meets your business's unique financial needs.

We Work With Top Alternative Lending Partners to
Support Small Businesses with Finance

Finance your Accounts Receivables - get your business rolling with Smansha

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How it Works?

1
Sign Up

Sign up with our secure and innovative lending platform to get started for a safe and worry-free funding

2
Get Approved

Provide some basic information about your business to get your business approved. Compare loan options to find the perfect funding for you or your clients.

3
Receive Your Funds

Receive your funds within 24 to 48 hours (on approval)

4
Make Payments

A fixed payment is automatically debited from your business bank account.

Make smarter decisions about your small business by comparing equipment financing offers from multiple lenders at Smansha

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  • What are the equipment financing requirements?
    • Though the qualification criteria for these types of small business financing vary from lender to lender. If your business fulfills the following minimum requirements, then you should seriously consider applying for equipment financing:
    • 1. Must be in operation for six months to two years
    • 2. Annual income must be between $25,000 to $150,000
    • 3. Credit score of 550 to 640
    • 4. 5% to 20% for borrowers with good credit
  • What Small business needs you can cover with equipment financing?
    • You can use equipment financing to purchase a variety of business-related items. Below are a few common types of equipment that can be financed with an equipment loan:
    • 1. Office-related expenses like furniture, fixtures, and appliances
    • 2. Agricultural or farming equipment
    • 3. Trucks, tractors, and other business vehicles
    • 4. Manufacturing machinery
    • 5. Restaurant’s kitchen items such as ovens, fryers, and freezers.
    • 6. Medical imaging equipment
    • 7. Construction equipment
    • 8. Technology upgrades like bookkeeping software or payment processing solutions
  • How much does an equipment financing cost a small business?
    • Rates to finance an equipment depend on the price of the equipment, lender, the age of the purchased equipment, and business credibility and history. When applying for an equipment loan, you’ll need to come up with an initial percentage of the cost upfront. Also, you’ll have to pay the remaining 80% of the amount plus interest in regular installments, just like any other loan.
  • Why you should consider equipment financing for your small business?
    • Equipment financing is a great funding option and can prove beneficial when it comes to needing important tools or technology for your small business in a short amount of time. Most businesses need equipment to operate their day-to-day operations – from basic tech devices like computers and cell phones to more specialized machinery like trucks, manufacturing equipment, or hydraulic lifts. The best thing about equipment financing is that it usually proceeds quickly and requires limited paperwork and no down payment on 100% financing. Moreover, interest rates are often reasonable, and flexible loan options are provided to repay the amount as per your convenience and budget.
  • What documents you need to apply for an equipment loan?
    • The following are some of the many common documents you need to apply for an equipment loan:
    • 1. Business ID
    • 2. Driver’s License
    • 3. Voided Business Check
    • 4. Bank Statements
    • 5. Credit Score
    • 6. Business Tax Returns
    • 7. Equipment Quote
  • What lenders consider when reviewing equipment financing application?
    • They will typically ask you to fill out an application, request tax returns and bank statements to prove the credibility of your business. They will ask about the equipment you’re purchasing/an equipment quote and request a background or credit check.
  • How do I apply for equipment financing from Smansha?
    • Applying for equipment financing with Smansha is a quick and easy process! The simplest way to apply for equipment financing is right here on our site. Sign up and submit your business’ general information with our secure and innovative lending platform in just a few minutes and receive funds in just 24-48 hours once approved.