Capital Equipment Lending offers three types of equipment funding with competitive rates, simple repayment terms, and fast turnaround times: Equipment lines of credit, equipment financing, and equipment leasing.
Capital Equipment Lending has clearly defined and straightforward criteria tailored for our equipment funding products. When evaluating applications, we will consider your credit score, annual revenue, and time in business, among other factors. Our qualification requirements are less stringent than those of traditional banks and lenders, increasing your chances of being approved.
You’ll be pleased to learn that Capital Equipment Lending simplifies the process of applying for business equipment funding. We have a user-friendly online application that can be completed in a matter of minutes. The application requires only basic information about you and your business, ensuring you can get started quickly without overwhelming paperwork.
Interest rates are not universal; they vary based on each business’s financial circumstances (i.e., credit profile). That said, Capital Equipment Lending has competitive interest rates. If you qualify for one of our equipment funding products, the interest rate will be influenced by your business’s creditworthiness, annual revenue, and time in business, among other factors.
If you apply for business equipment funding during our regular hours, Monday through Friday, 7 a.m. to 4 p.m., we will review your application and provide you with a fast credit decision, most likely in one hour or less. If your application is approved and we have all the information and documentation needed, you can expect to receive your funding quickly. We can provide same-day funding for certain transaction amounts.
The three funding solutions we offer can be used for almost any type of equipment, machinery, vehicle, and technology needed for business purposes. In the rare event that the equipment you are interested in does not qualify, we will let you know.
In most cases, yes. If the business equipment you purchase, finance, or lease is eligible for the Section 179 tax deduction, you may be able to deduct all or part of the investment from your taxable income. We recommend you consult an accountant for more information and guidance regarding Section 179.
Capital Equipment Lending is an independently owned and operated financing resource specializing in business equipment funding. We offer equipment lines of credit, funding to finance equipment, and funding to lease equipment.
Yes, Capital Equipment Lending works with businesses in countless industries throughout the U.S. However, specific restrictions and compliance guidelines may make businesses in certain sectors ineligible for our funding products. Contact us for information about eligibility criteria.