Enter the equipment cost and the calculator will give you monthly payment ranges for 24, 36, 48 and 60 month loans.

Overview – The 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 final terms for your loan will be set when we talk with you and complete our approval process, which will usually be within a day of receiving your application information. We’ll then email you our commitment for you to compare to other options.

Guidelines – We lend $5,000 to $200,000 for 24-60 months 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 half the scheduled payments.

Interest Rates – Interest rates range from 9.5% to 18%. Rates will vary based on the loan amount, loan term, and borrower’s credit. The average rate on the Advantage+ portfolio on September 30th, 2022 was 11.24%.

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.

For example, if a customer is getting a 60-month, 9% loan to purchase equipment that costs $25,000, and chooses to finance the 4% closing costs ($1,000), the amount financed would increase to $26,000. Although the interest rate on the amount financed remains at 9%, the annual percentage rate (APR), based only on the equipment cost ($25,000), would be 10.7%.