Equipment Financing

Equipment Financing Service by Sheer Funding
type of service

Equipment Financing

You need to add equipment to your business but don’t want to tie up your capital. Equipment finance is available with little to no down. Also, with equipment financing, there are potential tax advantages. Section 179 deduction allows small businesses to write-off up to $500,000 in qualifying equipment in the year in which it is purchased.

Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. Applying for an equipment loan is typically a fast and easy way to finance the purchase of most types of equipment—computers, machinery, vehicles, or whatever else you need.

EQUIPMENT FINANCING DETAILS

  • Quick and Easy application process
  • Terms ranging between 1 – 6 years
  • Rates between 5.95% and 22.99%
  • Funding up to $1,000,000
  • Monthly payment
  • No Pre-Payment Penalties
  • Decisions within 12 to 48 hours

Qualifiying criteria

  • 8 + Months time in Business
  • 580 + Credit Score
  • $150,000 + in annual revenue
  • Most Industries

Required Documentation

  • Completed Application Form (Download Pdf)
  • Copy of Bank Statements
  • Copy of Valid ID
  • Copy of Voided Check
  • Most Recent Tax Return
  • Invoice
*additional items may be required*