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  • Credit Application For Construction Equipment

Get Credit Application For Construction Equipment

Credit Application for Construction Equipment Wells Fargo Equipment Finance Construction Group 2700 S. Price Rd. 3rd Floor MAC S3928034 Chandler, AZ 85286 Phone: 8772487007Send completed applications.

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In order to qualify for a long-term loan, you'll need to meet some pretty high standards—especially if you're going through a bank. Most borrowers who qualify for long-term financing from a bank have a credit score of at least 620 and a profitable business.

How does equipment financing work? Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you'll need to make periodic payments that include interest and principal over a fixed term.

Equipment loans typically come with a fixed term — generally around five years, though specific lenders may vary.

In fact, in many cases it's actually easier to get approved for business equipment financing than other types of loans. All you need to qualify is a FICO score of at least 650 - or 6 months of business history and at least $120,000 in annual revenue.

Loan. The first, and likely most obvious method of raising cash to pay for new equipment is a loan. ... Leasing and Purchase hire schemes. The next most likely option for funding are leasing or hire purchase schemes. ... Invoice Finance.

Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or copy machine. When you take out an equipment loan, you'll need to make periodic payments that include interest and principal over a fixed term.

Is it hard to get an equipment loan? Equipment loans can be easier to get than other types of small-business loans. The equipment you purchase serves as collateral on the loan, meaning you may not have to rely as heavily on other criteria, such as personal credit or time in business to qualify.

An equipment line of credit is a small business loan that allows you to only pay interest on what you use. It also allows you to re-use the credit after you've paid it off. Instead of getting a lump sum, you have a pre-approved spending limit that can be used whenever you need it, much like a credit card.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
Bug Bounty Program
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
+1 833 426 79 33
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232