# Commercial Loans

Equipment Loans

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.

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(888) 611-0998

Testimonials

"Groves Capital is truly the best in the country. Their team is exceptional, providing outstanding service with unmatched professionalism. Highly recommended!"
"Kristin Howard & Travis Welfle were amazing. They were very responsive and diligent. Kristin walked me through the whole process and made the experience less stressful than I had anticipated. Thank you!"
"I have financed multiple properties with these guys, and it's been amazing every time. The process was seamless. And I got the best possible rate. They are incredibly professional and efficient. Highly recommended."
"John Murdock was such a pleasure to work with he went above and beyond to be sure everything was transparent. He made sure we had the knowledge on what to expect through the loan process. he is definitely an asset to your company. Will definitely use him again when needing f
"We felt very supported in our loan and made the process very easy. Thank you to Chris and his team for the excellent communication and support."
"Josh Settersten is fantastic!! My husband I had the pleasure working with Josh via our first home buying experience, and he made it such an easy process! He was always quick to respond to any of our questions and kept us updated throughout the entire process. We are beyond g
"I worked with Kristin Howard to refi my home and she made the process so easy! She is very knowledgeable and experienced and was able to answer all of my questions. She got me a great rate and saved me a ton of money. I highly recommend Groves Capital for your home loan need
"Desmond, Experience in finding the right solution to getting a home loan was outstanding. His commitment to detail shows that he has his clients best interest at hand. Trust is the most important things when it come to getting a loan and providing personal information. Thank
"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

# 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
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(888) 611-0998
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