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How much will an equipment loan cost?
Learn the factors that go into the cost of an equipment loan and how each factor influences cost.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Sarah George is a freelance writer who loves helping small business owners understand the complexities of getting a business loan. She believes that effective financial and debt management opens doors for small businesses to thrive in a changing economy.
Over the last four years, Sarah has written hundreds of articles about banking, insurance and general finance. While writing in these spaces, she made it her goal to point out privacy concerns and protections for banking products aimed at children. She also loved highlighting the nuances of insurance coverage so that the average consumer could understand what circumstances qualified for an insurance claim.
Sarah has been featured in various publications, including CBS, CNET, Nasdaq and Finder. She holds an English Education degree from Pensacola Christian College and is a Certified Educator in Personal Finance. In her downtime, Sarah enjoys hiking, disc golf and playing board games with friends and family.
A business loan is an essential tool for growth or covering cash flow gaps. There’s no one-size-fits-all option, and some types of loans can be used for the same purpose as another. Business term loans can be used to expand, buy equipment or nearly any other defined purpose. Business lines of credit are great for recurring needs like everyday expenses, and they tend to have loose requirements to qualify. But bad credit borrowers have options too, as long as they find the right lender and show they can repay the loan.
Business owners take control of their lending experience by asking questions. Don’t hesitate to ask about conventional and alternative loans, how repayments work and all the details about any fees you’ll pay.
— Sarah George
Learn the factors that go into the cost of an equipment loan and how each factor influences cost.
Learn ways to manage your semi-truck loan and what to do if you can’t make payments.
Capital One and Bank of America offer a range of business loan, including SBA loans and business lines of credit.
Credibly and SMB Compass both offer a range of business loan options.
eCapital focuses on alternative business financing for small and medium-sized businesses. Its main products include asset-based financing and several types of accounts receivable financing.
Fundible uses in-house financing and a network of partners with a goal to help small businesses that often get denied with traditional banks. Check out our Fundible small business loans review to learn more.
BusinessLoans.com has helped over 100,000 small businesses. Its lending partners offer short- and long-term business loans. Check out our BusinessLoans.com review to learn more.
Lendzi covers a variety of small business loans through a broad 60-partner network. Business owners can access short- and long-term loans, business lines of credit, equipment financing, merchant cash advances and more.