Equipment FinancingBentley Capital Ventures offers equipment financing for perfect credit, challenged credit, and everything in between. Items that can be financed include heavy equipment, vehicles, heavy machinery, and other outside of box package deals on a case by case basis.
Rates can range from 4% – 28% depending on credit and length of time in business, all loans are fixed with simple interest.
Quick Facts About Equipment Financing:
- Application only products for loan amounts up to $25,000/$35,000/$50,000/$100,000
- Tax Benefits (Section 179): Customers will typically be able to write off around 30% of the equipment cost. Dependent on the state/county/contract structure etc. You can potenially write off up to 100% of payments. http://www.section179.org/
- Start Ups are welcome for trucking and other select industries but need strong credit and background in the industry.
- Loans amount range from $10,000 – $5,000,000.
- Minimum 550 with 4 years in business
- Minimum 600 with 3 years in business
- Minimum 620 with 2 years in business
- Must have an EIN number for your business and business bank account set up.
- Lower credit could create a need for a larger down payments, typically down payments range from 5% – 25%.
All products are simple interest with monthly payments; equipment financing can offer
excellent tax benefits to any new or established business.
