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Often the key to growing a small business is adding new equipment to increase productivity, expand product or service lines, or staff up. But too often small businesses seeking bank loans for expensive equipment face qualification challenges, high rates and unmanageable payments. Fortunately, there's a simpler, more affordable solution: Equipment Financing from CornerStone Finance.
Advantages of a CornerStone Finance Credit Card Cash Advance
Fast Approvals
Easy Qualification
In as little as 2 hours!
Only a 600+ minimum credit score required
Less Out of Pocket
Borrow with a low or even NO down payment
Low Monthly Payments
Our competitive low rates can save you thousands over the life of the loan!
Huge Savings
Our competitive low rates can save you thousands over the life of the loan!
No Personal Guarantee Required
Funding amounts range from $5,000 all the way to $1 million
How it works
In most scenarios, CornerStone's Equipment Financing is very similar to a typical small business term loan. You are able to borrow up to 100% of the amount you need to buy the targeted equipment. Your low monthly fixed payment includes the loan principal and interest (which can be as low as 5%). Once you eventually pay off the loan principal fully, you own the equipment.
Another great benefit is that the lenders CornerStone Finance works with allows you to use your new equipment assets as collateral. This means you can access a higher loan amount, lower interest rate, and longer term loan. And, because the lender isn't at risk in case of default, you don't need the highest credit rating, super-strong cash flow, or many years in business to get approved.
Use for whatever you need
Cornerstone's Equipment Financing is available for virtually any new assets you need to grow your business. You can outfit a new sales department with office furniture, computers and printers. Expand your vehicle fleet to reach customers faster. Or add any type of specialized equipment, such as a new oven for your bake shop, high-speed mowers for your landscaping business, or a new operatory chair for your dental practice.
With loan amounts available up to $5 million per piece, even heavy equipment such as used in construction is within your reach. In many cases, the lender will ask for information about what you're buying (the manufacturer, age of equipment, purchase price) and who's selling it to you as part of their due diligence.
How to Apply
Get your docs together
You'll need to provide at least 3 months of business bank statements, credit card processing statements, alongside the invoice for your equipment with your application.
Call or complete our Online Application
To get started, simply complete and submit our Online Application or give us a quick call at (732) 692-4620.
We'll do the rest!
Our expert small business lenders will gather and review your information and contact you to explain your available options and ensure the approval process is quick and easy!
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The Loan You Need, Right When You Need It!
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