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Home / Equipment Financing
Purchase the equipment your business needs and pay over an extended schedule.
Explore equipment financing options with IBA Business Solutions
Regardless of your industry, we can help you obtain the best deal on business equipment financing for virtually every type of equipment. We work with a wide range of business types, including medical, software, manufacturing, commerce, food services, automotive, and much more.
If you’re looking for equipment financing to grow your business, offer new products or services, or simply get a competitive edge, we can help! Our streamlined equipment financing process will help you secure the capital you need in as little as 24 hours. Our Business Financing Advisors will tell you everything you need to know and give you the opportunity to ask any questions.
All of our business equipment financing options are fully customizable to fit you and your business needs.
Instead of a business paying the full cost of equipment up front, a lender will purchase the equipment on their behalf. The business then repays the total cost, plus interest, through regular installments to their lender and maintains ownership afterward.
At the end of the repayment term, the borrower keeps the equipment. This is the main difference between equipment financing and an equipment lease, as a lease agreement requires the borrower to return the equipment at the end of the term.
There are other ways to finance an equipment purchase. For example, you can secure a traditional business loan and leverage the funds to make the purchase. However, standard equipment financing typically has better terms, and more importantly, the purchased asset can act as collateral for the financing.
Equipment often comes with a hefty price tag. Outside of a less stressful payment process, here are a few of the most notable benefits of equipment loans for business.
Wondering about the benefits of equipment financing in your business? Reach out to IBA Business Solutions expert Business Finance Advisors for more detailed information about your specific situation.
The benefits of business equipment financing involve being able to quickly acquire equipment with minimal upfront fees and manageable payments. This can improve your cash flow, balance sheets, and even features certain tax advantages. Business equipment financing is a strategic way to boost your productivity without an enormous upfront investment.
Business equipment financing allows you to acquire the equipment you need now – and manage the costs later on. There’s no need to make a large, lump-sum payment to cover the entire price upfront. Instead, the cost of the equipment will be broken down into more manageable payments – which will be easier on your cash flow.
Business equipment financing gives you a head start on boosting your productivity. You’ll be able to put your plans to action now and make payments as your business grows.
There are no surprises when it comes to business equipment financing. Your payments will stay steady over time and you’ll know exactly how much you’ll be paying for how long. The interest rate you’ll receive will also be locked in for the duration of your loan. With exact figures in mind, you’ll be able to effectively forecast your business’s cash flow.
Business equipment financing may allow you to claim additional deductions on your annual tax return. Make sure to contact your tax advisor to learn about the specifics, including how much you could possibly save.
You have complete freedom to choose your vendor and the type of equipment you’d like to purchase. Unlike some banks, National doesn’t impose restrictions on the type of equipment you can finance – as long as it makes sense for your business it’s a good fit!
Start growing your business right away. Learn how you can skip the standard 2 week waiting period and get new or used equipment financing in less than 24 hours.
While other types of financing offer broad use cases, equipment loans are designed specifically for equipment purchases. The term “equipment,” however, is very broad.
Businesses can leverage equipment loans to finance:
In other words, if your company needs to make a big purchase of a tangible asset, an equipment loan can help you break it into manageable payments that you make over time.
In order to qualify for business equipment financing, you’ll need at least 2+ Years in business and $100,000 in annual revenue.
While banks and credit unions have low approval rates, IBA Business Solutions offers enormous flexibility when it comes to qualifying for equipment financing.
Our exclusive lender marketplace makes it easier than ever to find the most competitive equipment financing offer you qualify for. Rather than apply to lenders individually, you with us apply once, receive multiple options, and select the one that best fits your needs alongside expert guidance from our Business Finance Advisors.
IBA Business Solutions streamlined process makes it easy to compare the most competitive offers you qualify for. Here’s how it works.
Start growing your business right away. Learn how you can skip the standard 2-week waiting period and get your new or used equipment financing in under 24 hours!
Better Terms. Faster Funding. Easier Process.
Accelerate your success with frictionless financing and expert advice that breaks down the barriers to growth for every entrepreneur. Thrive with access to a business lending marketplace that’s built for entrepreneurs, by entrepreneurs.
Experience a time-saving machine that cuts approval times from months to hours. Leverage an extensive network of multiple lenders and teams of expert financing advisors to ensure you’ll always have access to the capital that best fits your business.
Working with IBA, gain a financing partner for the future, ensuring your business has the capital it needs to seize every opportunity and grow without limits.
Grow to Greatness with IBA Business Solutions.
You’re only a few clicks away from the capital you need to reach your full potential.
Move through our streamlined application within minutes and upload your business documents with zero risk.
Compare your offers with expert advice from our team and select the best one for your specific circumstances.
With your money in hand, you can take advantage of opportunities and tackle challenges with confidence.
Funding limits vary from lender to lender, but you can secure anywhere from $10,000 to $10,000,000.
Rates vary by program. Rates start at prime % and are determined based on industry, time in business and other variables.
From 1-5 years. You can opt for longer or shorter terms, depending on your needs and business capability.
We can have you funded within 24 hours, where as a traditional bank process can take 30-90 days or more.
You’re only a few clicks away from the capital you need to reach your full potential.
It’s not very hard to get business equipment financing. 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, 2+ years of business history and at least $100,000 in annual revenue.
With business equipment financing, the materials you’re purchasing will act as collateral for the loan. This gives lenders an extra layer of security – which in turn improves your approval odds.
IBA has business equipment financing options for all types of businesses, and you’ll find it’s easier to get approved compared to traditional banks. Plus, the application process is fast and straightforward. There’s no need to go back and forth collecting numerous documents. IBA’s application process for business equipment financing is designed to be completed in about a minute. Funding times for your loan can be as fast as 2 days or less.
You’ll typically be able to finance used equipment for 1 to 5 years. If the equipment you are purchasing isn’t too expensive, you may be able to get a shorter-term loan.
The repayment term on your business equipment loan is important because it represents how long you’ll be in debt as well as the overall cost of financing. Longer-term loans feature lower monthly payments but can be more expensive over the loan’s lifetime. Shorter-term loans have higher monthly payments, but you’ll be in debt for less time and save on interest fees overall.
Still, many businesses will select a repayment term based on the monthly payment amount they can afford. Make sure to consult with one of our Business Financing Advisors to help you understand which would work best for your scenario.
Yes! It is possible to secure startup equipment financing even with bad credit. You’ll need to have at least 2+ years of business history and $100,000 in annual revenue in order to bypass credit score requirements.
IBA fills in the gaps where banks and traditional financing options fall short – especially when it comes to financing startups. With a FICO score requirement of at least 650, IBA is inherently more flexible. But even if your credit score is lower than 650, you may still be able to access financing solutions catered to your needs.
Interest rates range from 7% to over 50%, depending on the lender you’re working with, the financial background of your business, and the economic conditions surrounding the transaction. Equipment financing rates mirror those of secured financing products, as the purchased equipment serves as collateral for the loan.
Equipment loans are generally longer term. Repayment ranges from 2 to 5 years on average, but some lenders offer prepayment discounts, which allow you to shorten your repayment schedule considerably.
Christina Foley2024-06-11Alex R. with IBA Business Solutions was extremely helpful. He was knowledgeable and helped us with everything in regard to this very quick loan. He explained every aspect of the loan and never left us wondering or waiting. It was quick and easy. We hope to do business with Alex R. in future. It was a very pleasant experience. Our team was satisfied with the process, and we will be reaching out again when the time comes. Thank you, Alex R. it was a pleasure, doing business with you. AAH
Jane Parsons2024-06-06Alex was very professional and informative
Kristin Thompson2024-06-01Brian is Awesome he makes the entire experience easy and from start to finish. I won't use anyone else. Great experience.
Charlotte Lee2024-05-16Taylor was my caseworker. I really must say that Taylor was AWESOME. She’s an expert at customer service. There were times my own attitude got out of hand but Ms.taylor never one time stopped helping. She did it in such a way where I always felt like she put me 1st. She always made me feel important. This is my 2 nd time dealing with IBA and Taylor was determined to find a solution. I’m happy with my results. Thx again Taylor.😊
richard fletcher2024-05-10Hey thing for the help I appreciate everything u did it was like 123
james burke2024-05-09Had very good experience with Alex Rubin help easy and fast help good job and god bless
Larry Thornton2024-04-17Quick and professional
Tina Bryant2024-03-29I was so proud to be a part of this- everything he and Elvis said they was going to do they did- Alex thank you -
Michael Reese2024-02-28Wow! Finally, a reliable source of help when needed! As an African American business owner, it is often easy to be disregarded when seeking temporary assistance. However, this company stands out. I collaborated with Ethan Scott, who displayed exceptional diligence. The application process commenced yesterday, and today I received my loan. I express my gratitude to Ethan and IBA Business Solutions.
Merideth Muzic2024-02-26They team was very helpful in providing information on their products and services. The delivery process was quick and easy.. Highly recommended.
Building a business is hard. We completely understand that. Here at IBA, our pledge is to turn your stress into solutions. Our business financing products and services will support your journey wherever it may take you.
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