Equipment loans are loans that are specifically used to finance the purchase of equipment. This type of loan can be useful for businesses that need to purchase new equipment in order to expand or improve their operations, but do not have the upfront cash to do so. Equipment loans can provide the funds needed to purchase the equipment, allowing businesses to make the necessary investments without having to dip into their cash reserves.

Equipment loans are considered a type of commercial loan. They can be secured or unsecured, depending on your credit history and assets available as collateral. They also come with adjustable rates, which may be lower than what you would find with other types of loans. The average interest rate on an equipment loan is around 2-3 percent above the prime rate (which was at 3.25 percent as of June 2015). If you want to get an idea of how much money you could borrow for a specific piece of equipment, use our Equipment Loan Calculator to find out!

Up to

90%

LTV - Purchase

90%

LTV - Rate & Term

80%

LTV - CASH OUT

$150K up to $5M

Apply Now!

# Commercial Loans

Equipment Loans

Equipment loans are often referred to as "conduit" loans, because they allow companies to obtain capital that is then used to buy a piece of equipment. These types of loans are often arranged through leasing companies or banks, who then use their own assets as collateral for the loan in case it is not repaid by the borrower on time or in full.

There are several benefits associated with using an equipment loan as a source of financing. One advantage is that it allows businesses to avoid having their assets tied up in inventory while they wait for customers who may never come. In addition, this type of funding enables companies that might not qualify for traditional bank financing to get access to money they need quickly and easily.

Apply Now

(866) 382-1466

# Apply For Equipment Loan

Testimonials

"Mike Reeves was absolutely amazing. The best loan officer I could have asked for. He was there every single step of the process and answered all my questions immediately. I would HIGHLY recommend him to anyone looking to purchase! Great attitude, can do it spirit, and very k…

"I recently had the pleasure of working with Lance Gebhart on my journey to becoming a first-time homeowner, and I cannot express my gratitude enough for the outstanding service he provided. From the initial stages of the homebuying process to well beyond the closing, Lance …

"I had an incredible first experience with Groves Capital. I was thoroughly impressed with Kristin Howard's ability to consider all options to find solutions using her vast knowledge and experience. Despite a few challenges, she always put in the work to find a way forward be…

"Very professional and spent the time and effort needed to complete the loan despite many obstacles Kristen Howard NEVER gave up and placed the loan"

"We just bought a house with the help of Chris Mishima! He was our realtor AND our mortgage broker, which are both difficult jobs separately, yet he did them both so well. The odds weren’t always in our favor, and Chris fought hard for us to get the best deal possible. We are…

"Ashley was very helpful and was very pleasant to deal with!"

"Kristin was hands down the most dedicated and hard-working loan specialist I have ever witnessed. I have closed over 10 loans in the last 3 years, and Kristin was hands down the most experienced, knowledgeable and dedicated person I have ever seen. I personally had a pair …

# Apply For Equipment Loan

Why Should You Choose Us?

We're here to make the home loan process a whole lot easier, with tools and expertise that will help guide you along the way, starting with our simple Hard Money Rate Quote.

Customer Focused
Minimal Documentation

In-Houses Controls
Best Loan Services

Apply Now

(866) 382-1466

# Apply Now!

Our Core Investing Service

Whether you’re looking to purchase a new home or refinance your existing home,Groves Capital can provide all the help you need.