Fast, Easy Used Equipment Financing
Simple application. All credit scores considered.
Used equipment financing experts.
Used equipment might be slightly outdated or show signs of wear and tear, but it still gets the job done. If you are in the market for used business equipment and need funding to acquire it, Balboa Capital is a top-rated small business lender can help. We offer used equipment financing for small businesses like yours.
Used equipment, also referred to as pre-owned or refurbished equipment, normally goes through a multi-step inspection process to make sure that everything is in good working condition. If there are any faulty parts present, they are replaced and tested to make sure the equipment works properly. Used equipment financing is quite popular among small business owners nationwide, many of whom look to Balboa Capital when they need fast, hassle-free funding.
- Application-only for hard collateral up to $500,000
- Application-only for soft collateral up to $350,000
- Same-day funding
- Easy online application
- All credit considered
- One-hour approval decisions
- Simple repayment terms
- Competitive rates
Finance used business equipment in 3 easy steps
Apply online
Qualify in one hour
Get funded as soon as today
Simple qualification requirements.
One year in business
$100,000 in annual revenue
Decent FICO credit score
Easier than getting bank financing.
You have a business to run, so you can’t afford to waste time trying to get funding to finance used equipment, vehicles, software, or technology. With Balboa Capital, you won’t. You can apply for equipment financing from your computer or mobile device. We keep our application simple and straightforward so you can complete it quickly.
If your application is approved and you decide to move forward, one of our helpful equipment financing specialists will contact you to discuss your options and answer any questions you have. Balboa Capital offers competitive rates, flexible repayment terms, and rapid turnaround times.
Financing used equipment is a smart business move.
In addition to having a lower price point, used business equipment often has special discounts or promotions available. You might be able to negotiate a better deal because suppliers and vendors are always eager to move used equipment off their lots and showrooms to make room for new equipment. As a result, you can get a piece of fully functioning used equipment for a great low price.
You can even finance used equipment and take advantage of the Section 179 tax deduction, so long as the equipment is eligible. Contact your accountant or business attorney to find out if the used equipment you are interested in qualifies for the Section 179 deduction.
Get funding to finance used equipment fast.
Balboa Capital considers all credit scores when reviewing used equipment financing applications. We have several term options available, and your dedicated account manager will help you select the best one for your unique needs.
Once you are approved, we can provide you with funding quickly. We fund over 96% of our approved equipment financing deals on the same day that applications are submitted (during our normal business hours.)
Reasons to choose Balboa Capital.
Lender with an A+ BBB rating
Over $7 billion funded nationwide
Same-day business funding
Make sure you buy from a reliable vendor.
When looking at used equipment, it is a good idea to visit vendors who have a nice-sized selection and a good reputation in the marketplace. Ask for referrals from your peers and look for online reviews to narrow down your search. When you visit a vendor showroom, find out as much as you can about the used equipment you are interested in buying.
Ask if it was reconditioned or rebuilt, and if there is a warranty available. To help alleviate any worry you might have, ask if an authorized service agent can inspect the equipment to make sure it works as advertised.
Helpful equipment financing links.
Benefits of equipment financing
Low monthly payments, potential tax deductions, and more.
Equipment financing calculator
See estimated monthly payment amounts.
Choosing an equipment financing company
What to look for in a lender that offers equipment financing.
