Startup businesses often face difficulty obtaining financing, as most traditional lenders require at least two years in business. However, equipment loans and leases are available from some lenders for startup businesses. Qualifying for equipment financing as a startup business may require a downpayment of 20% and a strong credit score to get the best possible…

Equipment financing for those with bad credit can be a challenge to obtain, but lease and loan options do exist. Borrowers can work with a cosigner or make a larger down payment on an equipment lease or loan to improve their chances of financing approval. In evaluating the best equipment financing options for borrowers with…

Many business owners cannot qualify for traditional business loans because they have bad credit scores, but several online lenders offer small business loans and lines of credit to borrowers with credit scores of 600 and lower. These lenders provide a potential lifeline to businesses in need of financing; however, borrowing costs will be higher because…

An equipment loan is fixed financing from a lender that is used to purchase vehicles and heavy equipment. The purchased collateral secures the loan. Equipment loans can be secured from many different sources, including banks and nontraditional lenders. Because of the strong collateral, lenders offer low rates on equipment loans, ranging from 6% to 9%….