Keep your business going strong
Business Equipment Loans
Small business equipment financing
Get the equipment you need for your business to thrive! Whether you are upgrading old equipment, outfitting a new business or acquiring equipment to expand your business and beat the competition, Mountain America has the financing to help you succeed.
Equipment loans can be used for:
- Technology—servers, computers, hard drives and printers
- Restaurants—commercial ranges, refrigerators and prep tables
- Farming—tractors, cultivators and plows
- Landscaping—trailers, mowers, trimmers and chainsaws
Mountain America commercial equipment loan benefits
Finance new or used equipment for trucking, industrial, construction, vehicle, manufacturing, machinery and general business operations. Our equipment loans feature:
- Cash injections as low as 25%
- 504 and 7(a) SBA loan options with competitive rates
- Up to 10-year terms/amortizations*
- Quick turnaround and closing times
- Local origination and convenient onsite meetings
- Support for startups
Apply today
Make sure your business has the necessary equipment for growth and success. Contact a loan officer or visit your nearest branch.
Get startedEquipment loan FAQs
How hard is it to get an equipment loan?
The process to get an equipment loan is simple if the borrower meets all the necessary requirements. Typically, the qualifications for an equipment loan are:
- Between six months to two years in business
- Minimum credit score of 650
- A 5-25% down payment
- At least $25,000 in annual revenue
- UCC filing
What is an equipment financing loan?
An equipment financing loan is a loan used to upgrade, replace or purchase business-related equipment. Until the loan is repaid, the equipment acts as collateral for the loan.
What is the interest rate on an equipment loan?
Depending on your credit and how long you've been in business, the interest rate on your equipment loan can widely vary—on average, between 7-12%.
How long can you finance equipment?
Equipment loan terms will vary across lenders. The average loan term for business equipment is from three to seven years. Mountain America Credit Union offers terms up to 10 years.*
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