Equipment financing allows businesses to acquire the equipment they need without taking all the money out of their cash flow. Financing equipment is one of the most common reasons a small business owner might seek out a loan. It is used to buy anything from software to commercial equipment, titled utility vehicles, heavy machinery and more. When applying for an equipment loan, there are several factors that go into a loan approval, including the amount borrowed, interest rate, and term length (typically 60 months). The amount of money you’ll be eligible to borrow depends on the type of equipment you’re purchasing, whether it’s new or used and your credit history. 

Car financing helps individuals and businesses acquire vehicles without impacting cash flow heavily. Many people seek car loans to buy new or used cars, including sedans, SUVs, hatchbacks, and luxury models. When applying for a car loan, several factors influence loan approval, such as loan amount, interest rate, and repayment term (usually up to 60 months).

 The amount you are eligible to borrow depends on the type and age of the car, whether it is new or pre-owned, and your credit history. A strong credit profile improves your chances of approval and may lead to better loan terms.