Often times, a bank may not consider a business for financing if it has less than two full years of operations. Typically, the only lenders that will provide financing to start-up businesses are those with a niche expertise in a particular line of equipment or industry. Therefore, if you are a new business owner, leasing may be your best & most competitive option for acquiring your new equipment!
Start-ups and those with less than 2 years in business typically require a 10-20% down payment whereas existing businesses often times qualify for 100% financing. Start-ups applying for more than $50,000 in equipment and existing businesses applying for more than $200,000 will likely require additional proof of financial stability.
If you are just starting your business and would like to apply for a lease, please complete our online business credit application.
If you would like more information on our Start-Up Financing programs, please contact us.
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