100%
pre-funding available, no collateral required.
$500,000
with application only, with the most agressive rates
2 – 4 hours
approvals – as fast as we ever been.
3 – 24 month
deferred payment options – pay when you profit.
What is equipment financing and how does it work?
Equipment financing is a business funding solution that helps companies purchase the machinery or tools they need to run and grow their operations. Whether you’re launching a new venture, expanding production, or replacing old gear, this type of financing offers a practical way to access essential equipment without large upfront costs.
So, how does it work? With equipment financing, a lender provides the funds to purchase the equipment, and you repay the loan over time with interest. Terms, rates, and loan sizes vary, so you can often tailor the financing to your business needs. Typically, the equipment itself acts as collateral, which may help you qualify more easily and secure a lower interest rate. This makes equipment financing an ideal choice for preserving your business’s working capital while still investing in tools for growth.
Tailored Equipment Financing for every industry.
From construction to tech, we provide flexible funding solutions designed
to keep your operations moving forward – fast, simple, and built for your business.
Construction
Construction businesses need the best equipment and nothing like financing it through Advanced Funding Source.
Manufacturing
Fast & flexible custom financing options for acquiring manufacturing equipment and machines.
Medical
We’ve specialized in a few industries when it comes to equipment financing and medical is on the top of the list.
Technology
Connect with Advanced Funding Source for technology financing and never worry about performance again.
Are we a match?
6 months
in business, at least.
625+
personal FICO score.
$100k+
in gross annual revenue.
Bankruptcies
none opened.
Frequently Asked Questions
With a Advanced Funding Source – Line of Credit, draws are consolidated into one loan with one easy weekly payment. As you pay back your principal, you replenish available funds. Unlike most other online lenders, our line of credit comes with no draw fees (just a monthly maintenance fee). Adjust the payment amount and term to ensure a comfortable weekly payment.
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history, you may be eligible for a credit line increase.
There are some times when you could really use access to additional funds. Based on your cash flow, net income and payback history, you may be eligible for a credit line increase.
You may have a project that could benefit from other types of small business loans beyond your business line of credit. At Advanced Funding Source we understand, and we offer term loans that provide lump-sum funding up to $250,000. Reach out to your dedicated loan advisor if you think a term loan could help your business.
We report your payments to business credit bureaus so that every time you pay on time, you’re helping your business build a strong credit profile.
Secured business line of credit. This type of line of credit requires businesses to put up specific assets as collateral. Since a line of credit is a short-term liability, lenders typically ask for short-term assets, like accounts receivable or inventory.
Unsecured line of credit. While this type of line of credit doesn’t require specific collateral, your lender will likely place a general lien on your business and require a personal guarantee from you. You’ll likely need a stronger credit profile to qualify and interest rates may be higher. Additionally, keep in mind that unsecured lines of credit typically come with a lower credit limit.
Revolving line of credit. With this type of line of credit, you replenish your available funds as you repay what you borrow. This gives you access to future funding without needing to reapply. Advanced Funding Source business line of credit is a revolving line of credit.
Non-revolving line of credit. A non-revolving line of credit is just like a revolving line of credit except your available funding doesn’t replenish as you make payments. You’re given a capped credit limit, and when you reach that amount, you exhaust your funding.