# 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

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# 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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(866) 382-1466

Testimonials

"Josh Settersten, was AMAZING to work with. Really really good at what he does. Professional, trustworthy, good listener and tries to get you the best deal out there. I learned so much about getting a mortgage from him. He delivered on all fronts. I am glad I had him in my co
"Josh helped tremendously throughout the entire process of purchasing our first home. He was excellent at communicating and overall exceeded our expectations. I would highly recommend working with Josh!"
"I can not say enough great things about Brandon Wunder! Our loan was complicated to say the least, and Brandon and his team were there with me every step of the way! With every problem he communicated and found a way to solve them. I was so nervous about this process and Br
"Groves Capital is the BEST!! Before purchasing my home, I spoke with several brokers and it was such a hassle. I mean seriously, the initial broker I was working with made me want to give up on buying a house entirely.. And then Groves Capital came along! This dream team rea
"Great company and an awesome team to make it happen an easy and smooth process thanks guys."
"I had the great pleasure of working with Josh. Not only was he super accommodating but he helped me every step of the way! For me personally, this was the first time I ever bought a home and I can certainly say that without Josh it would not have been as smooth! Thank you ag
"June An is the best! Super attentive, responds quickly, and is always there for you every step of the way. I’ve used him for both second home loan, primary home refi, and heloc loans and every time has been a wonderful experience. He acquired great rates, handled all of my q

# 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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(866) 382-1466
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# Apply For Equipment Loan

States We Lend In

Looking for lending in a state not listed? We do lend in other states on a case-by-case scenario. Give us a call to see what we can do for you.

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(866) 382-1466