Equipment Loans For Businesses

Equipment loans and leasing has never been so easy for small business owners. AMP Advance’s equipment financing can  assit in upgrading equipment that will increase sales, and be a source of growth. AMP Advance provides small business owners a swift, cost efficient and effective means to finance any equipment needed for your small business operations.

Quick facts and requirements

Find out about our Equipment Financing Loans options today

Loan Amount

$5,000 to 5,000,000

Loan Term

Up to 10 Years

Interest Rate

Starting at 7.99% APR

Time to Funds

A week

Payment Frequency

Monthly

Benefits

Leaseback available
Tax saving

Lease options available

$0 down options available

Builds business asset base

Drawbacks

UCC filing
Financing speed 1-2 weeks

Full financials required

Equipment Loan For Small Businesses FAQs

What are equipment loans?

Many small business owners hear about equipment financing and think of big excavators and tractors. Yes, construction equipment is totally financeable – but so is a bunch of other stuff. With equipment financing, the loan amount you qualify for depends on the value of the equipment you are purchasing. The equipment also serves as collateral for the loan, so the lender can seize it if you fail to repay the loan. Big or small, from kitchen equipment to sophisticated computer servers we can provide small business owners a fast and effective means to finance any type of equipment that you may need for your small business.

Who qualifies for equipment loans?

At AMP, we want to make sure that getting your loan is as swift and painless as possible. To get your loan approved more quickly, we recommend having the following information readily available: profit and loss statements for the past two years, credit history and scores, and the value of the equipment you will be purchasing. Typically we look for applicants with at least a 650 FICO score, and an established business of at least 1 year. However, if you don’t fit within these criteria and need an equipment loan for bad credit, don’t worry we can still accommodate you contact us today and we can help you qualify!

What type of business apply for equipment loans?
Many different types of businesses apply for equipment loans. Whether you’re a startup company in need of a 3D printer or an established radiology clinic in need of a new MRI, equipment funding is a great option to get the equipment you need without tying up all of your capital. The options of what you can use equipment financing for are virtually endless, you can even use equipment loans for your small business to finance furniture and increase the appeal of your new company’s headquarters to clients. Equipment financing allows businesses–both small and large–to free up cash and get money making equipment quickly.
How much do equipment loans cost?

Equipment loan rates are determined using several different factors. No two businesses are exactly alike, so we use your credit profile, revenue, down payment, and equipment purchase value to help us assess your company and determine your loan rate. At AMP Advance, we offer rates as low as 7.5% APR on one to five year repayment plans. While you are paying interest on your loan, there are also returns on your investment when you use an equipment loan. These benefits include things such as tax savings and increased revenue due to your upgraded or new equipment. To get an estimate on what your equipment financing rate and monthly payment might be, use our free equipment loan calculator.

Benefits of an equipment loan?

The benefits of using an equipment loan to finance your equipment needs can be monumental. Whether you’re a large scale corporation or a small mom-and-pop startup, an equipment loan can help you to build your company’s revenue faster by quickly getting you the equipment that you need to succeed. On top of your ability to make more money, you’ll also receive great tax benefits and have leaseback options. In addition, you also don’t have to put any money down to receive an equipment loan through AMP Advance, so you can use that capital to build your business elsewhere. We’ll simply use the equipment you purchase with the loan as collateral.

Get Your Small business Loan Today?