Equipment Line of Credit
Flexible financing for equipment purchases up to $100M
Flexible Business Financing
Equipment Line of Credit
An Equipment Line of Credit gives your business the flexibility and control to manage ongoing equipment needs without draining your cash flow. Apply now to secure fast approval and competitive rates.
How it Works:
- Apply with your business and financial details
- Get approved for a revolving equipment credit line
- Draw funds whenever equipment needs arise
- Repay and reuse – credit replenishes as you pay it back
- Continue to finance equipment purchases as your business grows
Low Interest
Interest rates as low as 5%
Flexible Payments
Flexible payment plans of 12mo – 5yrs
Flexible Lease Amounts
Loans amounts up to $250,000
Learn how the Equipment Financing process works!
Introducing the Equipment Financing Program:
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- Loan/Line amount: $10,000 – $100M+
- Loan terms: Up to 3 years
- Interest rates: Competitive rates from 0.5% – 9%
- Collateral: Secured by business assets (accounts receivable, inventory, equipment), or the equipment being financed. Some business lines of credit may be unsecured for lower limits.
- Qualifications:
- 650-700 minimum credit score
- Business documentation
Faster Funding’s
Equipment Leasing Advantages
Flexible Financing for Business Growth
An Equipment Line of Credit provides businesses with flexible access to capital specifically for purchasing equipment or covering equipment-related expenses. Unlike a traditional term loan, a line of credit allows businesses to draw funds as needed up to the approved credit limit. Interest is only charged on the amount borrowed, making this financing option ideal for companies that need to purchase multiple pieces of equipment over time or want the flexibility to finance equipment as their business expands.
Benefits of Equipment Line of Credit
- Draw funds as needed – only borrow what you use
- Preserve working capital for other business expenses
- Access large amounts for multiple or ongoing equipment purchases
- Interest-only on borrowed funds keeps costs lower
- Perfect for growing businesses with recurring equipment needs
To qualify for an Equipment Line of Credit, businesses typically need:
- A comprehensive credit evaluation, considering both personal and business credit history
- Proof of strong financial performance and business health
- Collateral in the form of business assets or equipment (required for larger limits)
- Minimum 650 – 700 credit score
- Business documentation (financial statements, tax returns, bank statements)
How We Work. Our Mission & Values
At Faster Funding, we’re committed to helping businesses of all sizes succeed. Our Equipment Line of Credit programs are just one of the many ways we’re working to make that happen.
To learn more about our Equipment Line of Credit or to apply for other types of funding, please contact us. Our team of experts is standing by to help you find the perfect lending solution for your business.
Faster Funding is Here to Help
Frequently Asked Questions
We understand you are probably wondering how this all works. Here are some key topics to help you make informed decisions to unlock your business’s growth opportunities.
How is an Equipment Line of Credit different from Equipment Financing?
Equipment Financing is typically a one-time loan for a specific purchase, while an Equipment Line of Credit allows you to access funds multiple times, up to your limit.
Do I need collateral?
Yes, most equipment lines of credit are secured by equipment, accounts receivable, or other business assets. Smaller lines may sometimes be unsecured.
What if I don’t use the funds right away?
You only pay interest on the portion you borrow, so unused credit does not accrue charges.
Can startups qualify?
Some lenders require at least 1–2 years in business, but strong personal credit and financials may help startups qualify.
Get Started
Contact us to learn more about our equipment leasing programs. Our team of experts is standing by to help you find the perfect financial solutions for your business.
