Business Equipment Loans
Invest in the tools and equipment your business needs to grow and succeed. Our Business Equipment Loans are designed to help you finance the purchase of essential equipment.
Purchase, Replace, or Upgrade Your Equipment
Because the equipment you’re purchasing serves as collateral for the money you borrow, an Equipment Loan tends to offer lower rates and easier approval than an unsecured loan - making this a great option for startups and small businesses. Once you’ve identified the equipment you require, bring that information to your Addition Financial member service representative so we can help you get the funding to purchase it.
Key Features:
- Flexible Loan Terms: Customized repayment plans to fit your cash flow and budget.
- Competitive Rates: Take advantage of attractive interest rates to minimize costs.
- Generous Loan-to-Value (LTV) Ratios: Finance up to 80% of the equipment’s appraised value, purchase price, or invoice cost, whichever is less.
Additional Support for Your Business
Beyond checking, we're here to provide everything you need to grow your business.
Merchant Services
Make it easy for customers to pay you with electronic point-of-sale payment systems, secure transaction processing and more. Addition Financial partners with Electronic Merchant Systems® to offer flexible and affordable payment processing solutions for your business.
Payroll Services
Streamline your payroll processes so you can spend less time worrying about payroll details and more time doing what you’re in business to do. Through our partnership with Paychex, we can help connect you to convenient payroll services you can count on.
Business
Understanding Your Options: Securing Capital for Your Business
Every business needs working capital to survive. We've created this guide that explains what you need to know about securing capital for your business.
Business
Planning for the Future: How Equipment Loans Support Business Expansion
We’ve created this guide to help you understand the benefits of buying equipment with an equipment loan and how it supports business expansion.
Business
7 Common Mistakes When Applying for Business Equipment Loans
Here’s everything you need to know about equipment loans and how they work, including our list of the 7 most common mistakes and how to avoid them.