Term Loan
A one-time lump sum repaid over a fixed period, with a payment that never moves.
- Funding amount
- $10K – $1M
- Starting rate
- From 6%
Own what you need
Equipment Financing
Up to $2 million for machinery, vehicles and technology, secured on the equipment itself.
- Financing amount
- $10K – $2M
- Term
- Up to 84 months
- Starting rate
- From 5%
- Time to fund
- 2–3 days
Equipment Financing
Best for commercial vehicles, heavy machinery, restaurant equipment
Equipment financing is the largest, longest and cheapest thing on this site — up to $2 million, up to seven years, from 5% — and all three of those follow from the same fact: the equipment secures the loan, so the lender is carrying less risk than on anything else here.
That cuts both ways. It is the most forgiving of a thin credit file, and it is the one product where something can be repossessed if it is not paid. The term is matched to the working life of what is bought, so the payments land while the asset is still earning.
What it gives you
Why a business takes this one
- Largest amount and longest term of the six
- Secured on the equipment bought
- Most forgiving of a thin credit file
- New or used, bought or leased
The application
Start the application
Six steps and a few minutes. A soft inquiry only, no fee, and no obligation to take anything that comes back.
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All six
And what it is not
Business Line of Credit
A revolving limit you draw on when you need it, paying interest only on what you take.
- Credit line
- $10K – $500K
- Starting rate
- From 8%
Short-Term Loan
A fixed sum with a short payoff, for a cost that has already landed.
- Loan amount
- $5K – $500K
- Starting rate
- From 9%
Working Capital
Money for running the business at the size it already is.
- Loan amount
- $5K – $500K
- Starting rate
- From 7%
Equipment Financing
Up to $2 million for machinery, vehicles and technology, secured on the equipment itself.
- Financing amount
- $10K – $2M
- Starting rate
- From 5%
Merchant Cash Advance
An advance against future sales, repaid as a share of what comes in.
- Advance amount
- $5K – $500K
- Factor rate
- 1.1 – 1.5
Amounts, terms and rates below are Guardian's own published figures. Rates are the floor of what the network writes, not a quote, and the cash advance is a factor rate rather than an interest rate.