Don't let the initial cost of equipment be a barrier to your company's future success!  We've partnered with APPROVE Payments so you can get this equipment working for you right away, paying for itself as you go.  Here's how it works...

Simple Application Process

1. Find the product you want to finance, or build an entire cart
2. Complete a 60-second application
3. Receive offers from one-or-more competing lenders
4. Pick the offer you want, sign the docs, and get your equipment

Smart Partnerships = Great Options

APPROVE has partnered with the top equipment financing companies in the nation to provide you with the best financing experience available anywhere. With this lender network, you receive the highest chances of approval, the lowest possible rates and side-by-side choices to ensure informed decision.

 

Frequently Asked Financing Questions

How many lenders receive my application?

APPROVE's large network of lenders is constantly growing, however, their technology matches your application with the lender(s) most likely to offer you the best rates based on your business type and credit profile. If more than one lender is a good fit for your business and credit profile, you may receive competing offers to compare.

How does this affect my credit?

There is no impact to your personal credit, unless a personal guarantee is required. Personal guarantees will have an inquiry on their credit by some lenders. Because these credit inquiries happen in a short timeframe, and for the same products, credit bureaus recognize them as part of a normal shopping process and will view them as a single credit inquiry by lenders.

How long does the application process take?

Established businesses with strong commercial credit can be approved instantly. If lenders need additional information from you, the quicker you provide the required information the sooner a decision will be made. It's not unusual for decisions to be made within hours, once the necessary information has been gathered.

Are there any incentives available for financing my equipment?

Yes! The IRS Section 179 deduction allows businesses to deduct the full purchase price of qualifying equipment bought or financed during the tax year. This significant tax incentive is designed to encourage businesses to invest in themselves by purchasing the equipment they need to grow, while also reducing their tax liability. Section 179 allows you to invest in equipment, vehicles, and software while also keeping more of your hard-earned money. For a more in-depth understanding, explore the Section 179 Explained page.

Can I obtain financing from APPROVE if I want to use the equipment for personal use?

Equipment financing is available to any business or organization that qualifies, including corporations, partnerships, LLCs, sole proprietorships and non-profits. Equipment financing is not available to consumers who desire to use the equipment only for personal use.

What is the average cost of financing?

The cost of financing can vary greatly depending on many different factors, including your business credit, industry, time-in-business and additional guarantees that may be pledged. Generally, equipment financing ranges from a 5% to 25% equivalent APR. That said, our approach to using a network of lenders assures you will achieve the lowest cost of financing possible.

Is equipment financing available outside the United States?

Currently, equipment financing is only available to companies based in the United States and who intend to keep the equipment in the United States.

What is the minimum value of equipment I can finance?
The minimum value of equipment that can be financed is $1,500. On the other hand, there is no maximum amount and APPROVE's lender network can offer competitive rates on equipment values into the millions.