Equipment Financing
Sphynx Financial’s business lending division, a non-bank SBA lender, is distinguished for its broad array of lending products and customer friendly application process. Sphynx Financial provides equipment financing up to $2 million using the equity available in your collateralized equipment. A business loan with a floating or fixed rate securitized by business equipment can be used for a wide range of business needs, including to:
Features:Term loans to purchase new or used equipmentLoan amount: $25,000 - $2,000,000Up to 100% financing availableLoan term: Up to 10 years, depending on the collateral typePrincipal and Interest monthly, fully amortizedFixed & adjustable interest ratesCollateral: Existing or purchased business equipment: other assets as needed
Beyond a broad loan policy, Sphynx Financial offers an uncommonly efficient and personalized application process. Step by step, a Business Services Representative will guide you through the loan application process.
As one of the nation's largest providers of commercial financing, we offer a full range of capital resources to finance a variety of needs. We'll help you select the right business loan credit option with the right terms and payment structures for your company.
Documentation Required
- Loan Application
- Personal Financial Statement
- Estimation of equipment value from supplier
- Estimation of capital improvement and construction costs
- Last two years of business tax returns
- Last two years of personal tax returns
- Use of Funds
Borrower’s Experience: None Required for Approved Franchises / 3 Years of Related Experience for Non-Franchise
Contact a SpecialistOur loan specialists can work with you to determine the best solutions for your business. Apply Now.