Businesses that need equipment have several equipment financing methods to choose from, including equipment loans and equipment leases, Small Business Administration (SBA)-backed loans, unsecured term loans, and lines of credit. We analyzed more than 20 providers and to create our list of the top six equipment financing companies. Top 6 Equipment Financing Companies 2019 How…
Equipment Loans – How They Work & Where to Find One
Equipment loans help businesses finance equipment such as vehicles and heavy machinery and are secured by the asset being financed. Equipment loans are available from a variety of providers, including traditional banks and alternative lenders. Rates typically range from 6% to 9%, depending on qualifications, and lenders generally charge origination fees between 1% and 3%….
Business Auto Loans: The 7 Best Lenders Compared
Business auto loans offer companies the opportunity to finance vehicles to complete a job, transport employees, and bring customers to their business. Traditional and online lenders offer commercial auto loans with varying minimum requirements, repayment terms, and funding amounts. We conducted an auto loan comparison based on these criteria and selected seven top options. Top…
Apple Business Financing: How it Works & Compares to Other Lenders
Apple business financing is an equipment lease that lasts 12 to 36 months and is available to businesses on transactions starting at $4,000. Two lease types are available—fair market value (FMV) and $1 buyout—based on whether you intend to keep the equipment or trade it in at the end of the lease. Apple Business Financing…
How to Get a Business Loan With Bad Credit in 5 Steps
Business owners with low personal credit scores who face cash shortages wonder how to get a business loan with bad credit and no collateral. By identifying the factors lenders consider in the application, evaluating financing options, and submitting an application, borrowers can maximize their chances of getting a bad credit business loan. offers a line…
How to Get Food Truck Loans in 8 Steps
Food truck loans allow businesses to borrow needed funds for the purchase of a new or used food truck. The loan is secured by the asset being financed. Because the vehicle is a specialty vehicle and has been built to serve, store, and potentially prepare food, the cost of the vehicle will typically be higher…
Small Business Line of Credit: Types, Requirements, Rates & Terms
A business line of credit offers revolving financing similar to a credit card. The types of lines of credit fall into three categories: unsecured, secured, and personal. Unsecured business line of credit requirements are lower than secured options, but offer less funding. Costs typically start at 10% with funding from $5,000 to $5 million. How…
How to Get Semi-truck Financing
Semi-truck financing is a type of loan or lease where the vehicle acts as collateral to secure financing. About 80% of all goods in the United States are transported by semi-truck, and owner-operators drive roughly 350,000 trucks. Semi-truck loans allow those owner-operators and small businesses access to mission-critical lending. can qualify borrowers for up to…
6 Best Companies Offering Equipment Financing for Bad Credit
Equipment financing for bad credit is challenging; however, it allows businesses to access needed equipment that can’t be purchased outright. Borrowers can work with a co-signer, or make a larger down payment on an equipment lease or loan in order to improve their chances of being approved for funding. We recommend because of its straightforward…
6 Best Business Loan Brokers
A business loan broker acts as an intermediary between borrowers and a network of lenders to present several lending options with one application. Small business loan brokers offer borrowers access to multiple lenders with the goal of finding the best type of financing at the lowest rates, typically at no cost to the borrower. Top…
OnDeck vs LendingClub: Business Loans Review
In comparing OnDeck vs LendingClub, both offer solid small business financing options. While both lenders offer similar funding amounts, OnDeck has a higher overall cost and shorter repayment terms. LendingClub can take up to a week to provide funding and, unlike OnDeck, doesn’t offer a business line of credit. When to Apply With OnDeck Business…
6 Best Equipment Leasing Companies
Equipment leasing is a type of financing where business owners make regular payments to equipment leasing companies and in return are granted access to machinery, tools, or equipment that they don’t yet own. We evaluated over 15 leading providers and narrowed it down to the six best equipment leasing companies nationwide. Top 6 Equipment Leasing…