Equipment Financing by LendSpark

Equipment Financing by LendSpark

LendSpark’s creative, ethical financing solutions fuel growth for businesses of all sizes and stages. They provide fast, secure and flexible options to grow your business while protecting your personal credit. Great when purchasing new and used equipment or using existing, free and clear equipment.

8/10

Cost
40% Complete
Low High
Effort to Apply
50% Complete
Easy Difficult
Funding Speed
40% Complete
Minutes Months
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.

Cost
6% - 35% APR
Repayment Terms
Monthly up to 60 months
Funding Amount
Up to $2,000,000
Origination Fee
None
Funding Speed
1 - 2 weeks
Application Fee
None
Cashflow
Be break-even or be close to reaching break-even
Time in Business
At least 2 years in business. No startups.
Knockouts
No recent late payments on mortgage or auto. No open bankruptcies. No open judgments or collections.

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