We generally will not charge an upfront fee for your equipment loan. Our normal rates, will be between 1 ½ – 2% a month based on the outstanding balance of your loan. You have the ability to pay-down or pay-off your loan with no prepayment penalty. Your rate will be determined by the type of equipment, advance rate, size of the loan, credit history, and repayment terms. Most repayment terms are between 12 to 24 months, but we can go up to 36 months depending on the equipment and underwriting.
Posted in: EQUIPMENT FINANCING