Do you want to finance equipment more quickly? Equipment loans with no financials and low documentation could be the solution for you. Finlease answers some burning questions you may have on low document equipment loans.
The same way that Uber Eats transformed the takeaway industry and internet shopping delivered convenience right to your door, equipment financing has advanced to provide quick and simple solutions.
However, what precisely is a low document – no financials equipment loan?
It's a financing option that settles in a matter of days and doesn't require a lot of financial documentation.
What requirements must you then fulfil?
Fortunately, you are not required to submit comprehensive financial records or tax filings. You can easily obtain a loan because many lenders provide low document or no financials products up to $250,000 and occasionally $500,000+.
Do interest rates worry you?
Rates are competitive in general, albeit they are a little bit higher for private sales and old equipment. Even though the Big 4 banks dominate this market there are many more lenders with comparable conditions and rates.
Concerned about having little options?
Do not be alarmed. Whether you're buying from a private seller or a licensed dealership, we can locate the ideal solution for your needs because we have access to over 30 different lenders.
Have you never applied for financing for equipment?
Not an issue. Since everyone starts somewhere, a lot of lenders are eager to collaborate with start-up companies.
What about the application procedure?
Easy to use and effective. After obtaining the necessary information, our brokers can handle it over the phone, usually securing clearance in a day or two.
Regarding paperwork, Finlease can visit you day or night to sign the required documentation. Making equipment financing simple, stress-free, and suited to your company's needs is our aim.
Discover the simplicity of financing in this dynamic economy and give Scott Kemp at Finlease a call if you're ready to grow your business. Copy supplied by Finlease, an APPMA sponsor.
