APPLY FOR EQUIPMENT FINANCING

Who Qualifies for Equipment Financing Funding?

Term business funding don’t specify how business owners can use their funds. As long as you can make your payments and use your funds for legitimate business purposes, then you have some wiggle room. With equipment financing, however, you must use your funds for your business-related equipment.

Other than that, equipment financing with First Down Funding will look similar to most other small business funding. As always, qualifying with FDF will be much easier than qualifying with a bank. As long as you’ve been in business for a few months and can provide documentation of steady sales, then you’re on your way. Leasing companies and banks usually require lots of paperwork and non-negotiable terms. At FDF, however, we know that every type of business is different. Not only is our paperwork much easier to handle, but we can work with you to make your equipment funding work for your particular business.

How to Apply for Equipment Financing Funding

Applying with First Down Funding is as simple and straightforward as can be. If you take the steps below, you’ll make your application process that much easier.

Consider Your Needs

Ask yourself how much money you’ll need for your equipment. How many pieces of equipment are you funding? How will you use that equipment? How will it make your business life easier? Like we said above, we’ll work with you based on your individual business needs. When you know those needs before you start your equipment financing application, you can speed up your funding process.

Gather Your Documentation

Again, FDF doesn’t require nearly as much documentation as the banks and leasing companies require. You’ll just need the following documents:

• Driver’s license
• Voided business check
• Bank statements
• Invoice for Equipment
• First Down Funding 1 Page Application

If you gather all of these documents in one place before you start your application, then you’ll breeze through the rest of process.

Apply With First Down Funding

The next step is the easiest one yet: just apply for your equipment financing funding with First Down Funding. You can either apply online or give us a call. Either way, you can get approved within 24 hours and then receive your funds within a few business days

How Does Equipment Financing Work?

As you can tell, our equipment financing funding process is more or less the same as the process for any of our other business funding programs. However, your funding terms will look different. With a business term funding, for example, you receive a single sum of money. With equipment financing, you’ll receive funding per equipment piece instead.

How Much Does Equipment Financing Cost?

Just like with any small business funding, your equipment financing cost will depend on a) how much you borrow, b) your cost of working capital, and c) how long it takes for you to pay back your business funding. Now, while most small business funding generally start at an 8% cost of working capital, an equipment financing funding can start at just 5%. To get your own estimate, you can use the quote tool at the top of this page. That will give you a good idea of how much you’ll ultimately spend on your equipment financing funding.