Used Equipment Financing of up to $250,000
No collateral or large down payment needed.
All credit considered. A+ BBB rated.
Used equipment financing experts.
Previously used equipment might be slightly outdated or show signs of wear and tear, but it still gets the job done.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 can help. We specialize in 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, thousands of whom look to Balboa Capital when they need funding.
- Same-day funding up to $250,000
- Easy online application
- No collateral needed
- Quick approval decisions
- Flexible term lengths
- Simple, fixed monthly payments
- Competitive rates
- Potential Section 179 tax deduction
- A+ BBB rating
Used equipment loans 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 financing for used equipment, vehicles, or technology. Most banks won’t finance used equipment, and those that do have stringent credit and collateral requirements.
So, save yourself the hassle and let us get you the hassle-free solution that you need. Use our convenient equipment loan calculator to see what your estimated monthly payments will be. Then, submit an easy equipment financing application through our website.
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. This will make your Balboa Capital equipment loan payments even more affordable because you will be borrowing less. You can even purchase used equipment and take advantage of the Section 179 tax deduction.
Get a used equipment loan fast.
With Balboa Capital, you can get approved for a used equipment loan without needing collateral or a high credit score. Plus, you won’t need to complete a bunch of financial paperwork.
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 on the same day that you submit your application.
Make sure you buy from a reliable vendor.
When looking at used equipment, it’s 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, 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 and/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.
More information about used equipment financing with Balboa Capital.
Lowest equipment loan payment
Guess what? Balboa Capital guarantees it.
Infographic: Business equipment you can finance
Common types of equipment that is financed.
Benefits of equipment financing
Low monthly payments, potential tax deductions, and more.
