Equipment Financing

Our flexible working capital options allow entrepreneurs, start-ups and established businesses to build self-reliance and a brighter financial future.

Why Equipment financing?

Equipment financing is an asset based loan, lease or line of credit, which means that the loan's collateral is the equipment itself. That means that the business doesn’t have to put other assets on the line just to access this one machine. Depending on your industry, equipment financing pros and cons vary depending on how long you want to keep the equipment and your business's financial situation.So, why might you choose to finance instead of buying the equipment outright?

Manage
Cash Reserves

Good Funding is the perfect solution for small businesses that have little time to access funding through traditional methods. During those slow periods, we can provide the capital you need to maintain cash flow, manage payroll expenses and prepare for unexpected OPEX costs.

Get Your Equipment Fast, and with Less Hassle

Often, equipment financing is easier to qualify for than traditional loans from a bank or credit union. The equipment loan uses the equipment itself as collateral, meaning that if you default they take the equipment back.

Build Your Business's
Credit Back

If your company has taken a financial beating recently, your equipment financing options might not require perfect credit. Being in good standing on your equipment financing agreement means that your business's credit availability for other things may go up.

What can you use equipment financing for?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus

Here's what you can expect:

  • Restaurant Equipment, like stoves and walk-in freezers
  • Construction equipment, like trucks and cranes
  • Farm equipment, like tractors and seeders
  • Business vehicles
  • Office Furniture
  • Technology like laptops and computers
  • and more.

For Example:

If a small business owner, like a local restaurant, needs to buy kitchen equipment like stoves, ovens or walk-in freezers, they probably don't expect those machines to need replacing very often. In that case, an equipment loan might be more appropriate.

On the other hand, a university might want to lease their computers and laptops because they know that in two years a new laptop will come on the market with higher processing speeds and larger storage that they'll want to provide for their students. An equipment lease might be a better fit because it comes with no down payment, or payment options that are more favorable

Equipment financing should NOT be used for:

Services or general working capital uses are not appropriate for this kind of loan or lease. Because the loan uses the equipment itself as collateral, and because if you default the lender could seize your personal assets, you want to make sure that what you're financing is generating revenue, or aiding your business in a significant way.

The Take Away

Equipment loans and leases provide businesses with fast, easy, and financially advantageous ways to access large pieces of machinery that might be prohibitively expensive otherwise. Talk to your lender about what's right for your business's situation and needs.

Equipment Financing
Options

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse

Improve
Effciency

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse

No
Limitations

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse

Financing
Flexibility

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse

Industries We Serve

Trade Contractors

Keep up with overflow business, hire employees, or cover upfront materials costs with an infusion of funding.

Go To Page

Construction

Manage seasonality, purchase equipment, or simply ensure that you meet project deadlines on time.

Go To Page

Business Services

More than 80% of small businesses incur cash-flow issues at one point or another. Let us be your resource for funding.

Go To Page

Restaurants & Bars

As new opportunities emerge for tented dining, catering and food trucks, look to us for the fast funding you need.

Go To Page

More Industies

Go To Page
Click to explore all of the industries we serve.
Explore More

How To Apply?

1

Apply

Our simple, short application takes just minutes to complete.

2

Engage

Our Funding Specialist will reach out to discuss financing options and your unique business needs.

3

Fund

Once approved, you can receive business funding in as few as 24 hours.

“Working with the Good Funding team has been a breeze! We believe their constant, clear communication and transparency has been a key component to the success of the company.”

Jillian C.

“Fast and easy from A to Z! Professional and efficient throughout the funding process. Will definitely use again!”

Will T.

Frequently
Asked
Questions

What determines how much business funding I can get

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Does my business qualify for funding?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

How can I use the business funding?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

How long does it take for me to get the business funding?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

If I have poor credit history, can I still get funded?

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.