Equipment Financing by Currency Capital

Equipment Financing by Currency Capital

Currency Capital is a leading online equipment financing network serving thousands of small- and medium-sized businesses across the U.S. Business owners are provided with unparalleled, instant access to financing options from a multitude of lenders with “one click,” making the entire application, selection, approval and funding process simple and transparent.

8/10

Cost
40% Complete
Low High
Effort to Apply
50% Complete
Easy Difficult
Funding Speed
40% Complete
Months Minutes
Repayment Terms
90% Complete
Months Years

Bottom Line

Equipment financing is an excellent source of capital to securing essential use equipment. If you are looking for a large loan amount and can wait a few weeks for financing, this is a great option.

Pros

High funding amounts and potentially low interest rates. Can be used with a startup.

Cons

Slower funding speeds than other equipment financing options.

Qualification requirements

Time in Business

At least 1 year in business

Cashflow

Be break-even or be close to reaching break-even

Knockout

No open bankruptcies

Cost
6% - 24% APR
Repayment Terms
Daily, weekly, or monthly payments for up to 72 months
Funding Amount
Up to $2 million
Origination Fee
0% - 5%
Funding Speed
1 - 2 weeks
Application Fee
None

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