Enter the total equipment cost and the calculator will give you monthly payment ranges for 36 through 60 month loan terms.
$10,000 minimum
Numbers only, do not enter symbols ($/,)
Overview – Your first loan payment will be due the month after the loan closing. To discuss options and details before you apply, please contact any Advantage+ team member.
The terms for your loan will be finalized once we speak with you and complete our approval process, which is usually within one business day of receiving your application. We will email our commitment to you, for your review. Guidelines – We lend amounts of $10,000 to $200,000 for terms of 36-60 months to businesses that are looking to finance business equipment and related costs. Related costs may include freight, installation, sales tax, and closing costs. Direct loans may be prepaid without penalty at any time. Broker-originated loans may be prepaid at any time after making one-half of the scheduled payments. Interest Rates –Our rates vary depending on the type of equipment, the amount, the term and credit profile, but rates are always competitive and usually substantially lower than credit cards and online lenders. Use our payment calculator to see what your actual payments could be, or contact us for a free quote. Closing Costs – Closing costs (3% to 6%) and referral fees may be paid at closing or included in the financing. Doing so will increase the amount financed and your monthly payment.
Frequently Asked Questions
How much can I finance for equipment?
We lend $10,000 to $200,000 for terms of 36 to 60 months. That can include the equipment cost plus related expenses like freight, installation, sales tax, and closing costs.
When is my first payment due?
Your first payment is due the month after your loan closes.
Can I pay off my equipment loan early?
Direct loans can be prepaid at any time with no penalty. Broker-originated loans can be prepaid after you’ve made half of the scheduled payments.
What closing costs should I expect?
Closing costs run 3% to 6%, plus any referral fees. You can pay these at closing or roll them into the loan, which increases the amount financed and your monthly payment.
How are interest rates determined?
Rates depend on the equipment type, loan amount, term, and your credit profile. They’re generally lower than credit cards or online lenders. Run the calculator above for an estimate, or contact us for a firm quote.
How fast is approval?
Usually within one business day of submitting your application. We’ll email your commitment for review before anything is finalized.
What’s the minimum loan amount?
$10,000.
