Equipment Financing
Lending Network, LLC, has a national reputation for being a one-stop commercial and residential lending shop. Unlike other lenders, we offer convenience when it comes to commercial lending. Besides financing real estate, businesses, construction, and other hard asset-based lendings, we offer equipment financing. Many types of equipment financing lending options exist in today’s market.
Equipment financing is different than equipment leasing. When you lease an equipment, you do not own the equipment when the lease is over. You own the equipment outright.
However, Lending Network offers a streamlined equipment financing loan program for self-employed borrowers who have been in business for at least two years. In the following sections, we will cover equipment financing and the options you can find at Lending Network, LLC.
Click Here for Equipment Finance Application Form
What Is Equipment Leasing?
Portfolio lenders offer equipment financing for purchasing equipment or machinery to run your business. Examples of financing for equipment for business owners are bobcats, storage buildings, tractors, farm equipment, tow trucks, contractor business equipment, pickup trucks, pole building for storage, airplanes, helicopters, lawn equipment, office furniture, x-ray equipment for doctors and dentists, restaurant equipment, food trucks, and hundreds of other types of equipment to run your business.
Lending Network, LLC has a unique financing program available. 100% financing with no money out of pocket. Two years in business, and a 700 credit score is all that is required. The 100% financing program for business equipments can close in a matter of 24 to 72 hours. It is streamlined for equipment finance loans up to $150,000.
As we all know, equipment finance loan programs can be hard to finance. However, Lending Network, LLC has a streamlined loan program for business owners who have been in business for two years. Same-day financing, no down payment (100% FINANCING) for equipment financing loans up to $150,000. No income tax returns, no bank statements, no financials. The borrower needs to have been in business for two years and needs a 700 credit score. No other financial or credit documents are required.
Equipment Ownership
Once the equipment is paid, you will own the equipment outright. The finance company can purchase the equipment at market value if you need additional funds for your business and can lease the same equipment back to you.
Equipment Leasing at Lending Network, LLC is a streamlined loan program with no income documentation required. Most loans close in less than one week. Types of equipment financing products include bobcats, backhole, food trucks, semi trucks, storage shelter, automotive business equipment and tools, dental and medical equipment, sheds, restaurant equipment, cars, trucks, vans, trailers, business expansion, RVs, boats, pole building, sheds, and construction funds.
Most equipment financing deals close in less than a week. No income, do tax returns, no W2s, and no documentation. All you need is a 700 FICO credit score on Experian a copy of driver’s license, and proof you have been self-employed for two years, and the bill of sale and/or title of the equipment. Or you can arrange additional funds to purchase other equipment or do a sale and leaseback agreement.
How Does Lending Network’s Equipment Finance Loan Program Work?
Equipment finance companies will lend business equipment and machinery to small business owners. The equipment itself is held as collateral on the equipment loan. Finance companies can lend money up to 100% value of the equipment costs. The equipment loan is normally paid over five to ten years, depending on your amortization schedule. The loan is amortized with principal and interest.
Products that are eligible for financing with equipment finance loans are any type of business equipment, including vehicles, bobcats, blackholes, pole buildings, x-ray machines, furniture, tools, machinery, tractors, trailers, tow trucks, mechanical diagnostic tools, and any other commercial products needed for your business.
Equipment finance companies can lend up to 100% loan-to-value. However, there may be soft costs such as processing fees, delivery costs, warranties, installation, and other fees and costs that may run into having the borrower put money down. We can offer 125% loan-to-value on equipment financing versus 100% LTV to cover all costs.
Eligibility Requirements on Equipment Financing
Our fastest-growing, most popular financing program is our fast-track equipment finance loan option—the Golden Niche Equipment and Commercial Lending program at Lending Network. LLC is a fast-track, streamlined program for business owners who have been in business for at least two years.
Lending Network, LLC is approved to start this Golden Equipment Financing up to $150,000 with just the borrower’s application, Driver’s License, Invoice, and CREDIT SCORE LOCATED IN EQUIFAX # 5 OF 700 PLUS. They must have been in business for two years. Some industries require five years.
Equipment Lending Programs: Close In Two Days
Lending Network, LLC has multiple financing lending options available. We can offer lending programs up to $5,000,0000 that are full doc-lending programs.
Golden Niche 100% Equipment Financing Same Day or Next Day Funding
$10,000 – $150,000
2 plus in Business
Invoice / Conditional Bill of Sale for new or used equipment.
700 plus credit scores
100% Nationwide Equipment Finance with no down payment
We’ve partnered with one of the nation’s top equipment financing lenders that enables us to issue financing approvals in hours and fund the Same Day or Next Day.
Competitive pricing & terms.
$350,000 to $10 Million+ may take 3 weeks.
Most Industries Eligible
Private Party Sales as well as factory direct and dealer
0% Down on Purchases
Same Day Funding for amounts under $150,000, exception cases by case up to S349,000,
NEW and USED Equipment
Click Here for Equipment Finance Application Form
