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Equipment Financing in California

Don’t let the price of an asset stand between you and your full potential. With National, you can streamline your search for equipment financing in California and receive multiple offers with one digital application.

Equipment Financing in California

How to Find the Right Deal for Your Business in 2023

Almost every industry leverages equipment of some kind to service their clients at the pace they expect. Whether you’re using kitchen equipment in a restaurant, heavy machinery at a construction site, or computers in an office setting, the efficiency and performance of your organization often depend on the equipment you’re using to get the job done. Without that equipment, you might find it difficult to keep up with the competitors in your industry, which makes it harder to take your organization to the next level.

You might come across a way to get around using the equipment, but this isn’t always possible. Some equipment is absolutely necessary to accomplish specific tasks, like industrial digging machines for large construction projects, but how can newer businesses or those with cash flow constraints afford an expense of this caliber without putting their organization at risk?

Fortunately, equipment financing in California can help you secure the funds you need to purchase necessary equipment and grow your business. This type of financing breaks down the sizable purchase into more manageable weekly or monthly payments, allowing you to pay over time rather than front the entire price tag. Securing equipment financing is as easy as finding a lender offering this service, but reaching the right approval for your situation isn’t as straightforward. 

You’ll need to shop around and receive multiple offers to ensure you’re picking the best deal for your unique circumstances, which requires time and effort on your part. Anyone on a time crunch will find this difficult, as you’ll need to wait for each lender to come back with a decision on your applications. That’s not to mention the time it takes to compare each offer against the others, but with National Business Capital, the process becomes much, much easier.

With one digital application, you can apply with multiple lenders at once and streamline your search for competitive offers. Our knowledgeable Business Finance Advisors take the time to learn about you, your business, and your goals to ensure we can connect you with the RIGHT lender for your business. National’s 75+ lender marketplace is essentially a time-saving machine for business owners, allowing them to secure equipment financing in California, New York, Florida, or anywhere else in the United States.

Complete our digital application to take the first step toward growing your business.

Equipment Financing Qualifications

Streamline Your Search for Equipment Financing in California With National

large business line of credit new york

No Minimum Time in Business

We fund all businesses, from the most ancient to those taking their first steps (with 650+ credit) and everything in between.

(If You Have a Credit Score of 650+)

Line of Credit for Large Business

$500,000 in Annual Revenue

If your credit score is 650 or higher, there are no required sales minimums— National has the perfect financing option for you!

(If You Have a FICO Score of 650+)

credit-required-for-business-line-of-credit

No Minimum Credit Score

You don’t need squeaky clean credit to qualify for a small business loan—we work with all credit profiles.

(If You Make $500K in Annual Gross Sales & Have Been in Business for 6+ Months)

  • Plus IconWhat Is Equipment Financing, and How Does It Work?
  • Plus IconHow to Qualify for Equipment Financing in California
  • Plus IconWhere Do I Find Equipment Financing in California?
  • Plus IconWhat Are the Benefits of Securing Equipment Financing in California?
  • Plus IconWhy Choose National Business Capital for Equipment Financing in California?

What Is Equipment Financing, and How Does It Work?

What Is Equipment Financing, and How Does It Work?

Vehicles, kitchen equipment, heavy machinery, and other business assets often come with a hefty price tag, which can stand as a barrier between entrepreneurs and operating their businesses at the highest capacity. Fortunately, equipment financing is a way around this hurdle, as you can break down the sizable payment into more manageable weekly or monthly payments.

You’ll end up paying more than the cost of the asset because of the interest rate, but you shouldn’t necessarily get caught up in the cost of capital. Instead, you should focus on the opportunity that the financing projects. Will the equipment you’re looking to purchase increase your revenue, productivity, or efficiency enough to offset the cost of your financing? If so, then it’s worthwhile to consider financing equipment to support your growth.

Once you’ve decided on the asset you’re going to purchase, you can start to search for lenders and compare their rates, terms, and conditions. Each lender is different, and the offers you receive may vary wildly depending on your business’s financial documentation, time in business, and creditworthiness. For example, one lender might view your organization as inherently risky because of an abridged time in business and decline your application, whereas another might not value that requirement as highly as the other and offer you favorable terms. 

The only way to secure the best equipment financing rate is to shop around and compare your offers, but this will require time and effort on your part. If you want to streamline your search for equipment financing in California, National Business Capital’s 75+ lender marketplace shortens the process from weeks or months to hours, all while our expert Business Finance Advisors leverage their years of experience to help you select the best option.

How to Qualify for Equipment Financing in California

How to Qualify for Equipment Financing in California

You can qualify for equipment financing in California in a few different ways.

  • You have a 650+ credit score
  • You have at least 6 months in business and generate more than $500,000 in gross annual sales

Your credit score is most important in determining your eligibility for equipment financing, but it’s not the end of the road if your FICO score is below 650. Fortunately, you can also qualify for equipment financing with $500,000+ in annual revenue and more than 6 months in business. The flexibility of the eligibility requirements allows a wider range of entrepreneurs to secure the equipment they need to stay competitive and win business, even if they haven’t operated as long as the businesses down the block.

Where Do I Find Equipment Financing in California?

Where Do I Find Equipment Financing in California?

You can secure equipment financing in California through a variety of lenders, including banks, credit unions, non-bank lenders, and marketplaces. Banks and credit unions tend to offer more favorable terms on average, but their approval rates are notoriously low. You’ll most likely need a high credit score, a lengthy time in business, and substantial annual revenue in order to reach an approval with one of these lending institutions. 

Non-bank lenders, on the other hand, are the opposite. They have less intensive eligibility requirements compared to bank lenders, but they will offer higher interest rates to offset their risk. There isn’t necessarily a “best option”; The benefit of each offer will depend on the terms you’re approved for and the financial background of your business. 

Marketplaces encompass both types of lenders into one centralized platform, allowing you to apply with more than one with one application. The emergence of these organizations has increased the accessibility of capital for entrepreneurs across the country and, more importantly, shortened the process considerably.

What Are the Benefits of Securing Equipment Financing in California?

What Are the Benefits of Securing Equipment Financing in California?

Most industries rely on specialized equipment to perform their occupational tasks, and there isn’t always a way around using it. Businesses that have the latest equipment often see higher productivity, efficiency, and revenue because of their use of the asset. Those without the equipment may struggle to keep up with their competition, which often limits their ceiling and makes it difficult for them to grow.

Whether you own a restaurant, a transportation company, or work in the construction industry, Equipment financing removes the price barrier between entrepreneurs and the full potential of their businesses. California entrepreneurs can stay competitive in their industry by breaking apart sizable purchases into more manageable payments over time. Basically, it’s a strategic move for the future of your business, with enormous upside if you manage your finances correctly.

1. Increased Liquidity

Shelling out thousands of dollars to afford equipment can put your business in a financially unstable position. With equipment financing, you can secure the assets you need in the short term and manage the payments over time. The cost is easier on your cash flow, which allows for more liquidity as you pay off the financed asset.

2. Enhanced Productivity

Equipment financing makes it easier to afford the assets you need to increase your productivity and efficiency. Without the price tag standing in your way, you can secure the equipment that will allow you to cultivate sustainable growth in your operation.

3. Improved Forecasting

Equipment financing payments stay static over time, meaning you’ll never have to guess what your next payment will be. Most notably, this benefit allows you to forecast for the future of your business without having to worry about what your expenses will look like in a few months.

4. Tax Advantages

While the principal of your loan isn’t tax deductible, you can deduct the money you pay toward interest in your annual tax return. You may also qualify for other tax deductions, like Section 179, so make sure to speak with your tax advisor to ensure you’re saving as much as you can.

5. Lender, Vendor, and Type of Equipment Flexibility

You can finance almost any piece of business equipment with National; You aren’t limited by the lender, equipment vendor, or the type of equipment you’re seeking to purchase. Some banks and credit unions will only finance certain types of equipment or avoid financing specific industries entirely, but NBC’s 75+ lender marketplace breaks down the barriers to growth for entrepreneurs across the country.

Set your plans into motion today, so you can start growing tomorrow. Our award-winning team can help you streamline your search for equipment financing in California—in hours, not weeks or months.

Why Choose National Business Capital for Equipment Financing in California?

Why Choose National Business Capital for Equipment Financing in California?

Better Terms. Faster Funding. Easier Process.

Financing equipment in California could help you get a leg up on your competition. You won’t have to sacrifice your cash flow for increased efficiency, nor will you have to struggle to find a way to come up with the capital to afford the purchase in the first place. Instead, you’re able to break down the payment into a more manageable schedule, allowing you to operate at your highest capacity and prioritize other areas of growth.

Searching for equipment financing in California is time-consuming. Most business owners won’t have a spare moment to conduct in-depth research about a lender, their reputation, and the offers they receive. Growth can’t wait, and neither can challenges, so we’ve made it easy for you to secure best-fit financing solutions that align with your goals. 

Our 75+ lender marketplace shortens the notoriously long business financing process from months to hours, giving you the opportunity to set your plans into motion immediately. From our expert Business Finance Advisors to the detail-oriented production team, we’re a finely tuned time-saving machine that can help your growth move at the speed of your business, not your bank.

With over $2 billion secured, 2,000+ 5-star reviews on Trustpilot, and a dedication to “Driving Growth for All,” you can trust National’s award-winning to help you cultivate sustainable growth in your business, whether you’ve operated for one year or 25. Complete our digital application to get started.

Unlock the Lowest Rates, Longest Terms and Highest Amounts

Streamline Your Search for Equipment Financing in California With National

Line of Credit for Large Business

Loan Amount

$100,000 – $5M

Time-Saving Machine

Flexible Terms

1-5 Years

_Time_management

Time to Fund

As Fast as 3 Days

FAQs

Find the answers to your FAQs about Equipment Financing in California

What Are Typical Terms for Equipment Financing?

Equipment financing terms will vary depending on the financial background of your business, the amount you’re seeking to borrow, and the lender you’re doing business with, amongst other factors. Generally, you can secure equipment financing with terms of 1 to 15 years, with interest rates ranging from 2% to 20%.

What Credit Score Do You Need for Equipment Financing?

With National Business Capital, there’s no minimum credit score requirement, so long as you have 6+ months in business and generate $500,000+ in annual revenue. If you don’t meet these requirements, you can also secure an approval with a 650+ credit score.

How Hard Is It to Get Equipment Financing?

The flexibility of National Business Capital’s equipment financing requirements makes it easy to secure an approval—650+ credit score OR more than 6 months in business and $500,000 in annual revenue. Your chances of approval only increase with stronger business financial information, but if you’re looking to apply with multiple lenders at once, NBC is the way to go!

What Interest Rate Is Too High?

It’s easy to get caught up in the cost of capital, but it’s more important to focus on what your business will look like after you’ve used the financing to accomplish your goals. A high-interest rate becomes negligible if you’re able to double, triple, or quadruple your revenue after the fact, so don’t turn down an opportunity to grow just because you don’t want to pay interest in the short term.

How It Works

You’re only a few clicks away from the capital you need to reach your full potential.

  • 1.Apply Safely & Securely

    Move through our streamlined application within minutes and upload your business documents with zero risk.

    Apply Now
  • 2.Review Your Offers

    Our expert Business Finance Advisors reach out within minutes, taking the time to learn about you, your business, and your goals.

  • 3.Start Growing

    With your money in hand, you can take advantage of opportunities and tackle challenges with confidence.

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New York Business Line of Credit

10 Reasons Why National Business Capital Offers the Best Equipment Financing in California

nbc-small-logoBankDirect Lenders

Paperwork

  • 3 Months Bank Statements
  • No Tax Returns Required
Bank
  • 2-3 Years Tax Return
  • 2-3 Years Financials
Direct Lenders
  • 3-6 Months Bank Statements
  • 1 Year Tax Return
  • 1 Year Financials

Application

  • One Page – One Minute
  • DocuSign
Bank
  • Lengthy
  • Paper Intensive
Direct Lenders
  • Multi-page Paper
  • Application

Number of Lenders

75+

Bank

1

Direct Lenders

1

Service Level

Personal Advisor

Bank

Processor

Direct Lenders

Programmatic

Approval Process

Hours/Days

Bank

Weeks/Months

Direct Lenders

Days/Weeks

Speed to Funding

Hours/Days

Bank

Months

Direct Lenders

Days/Weeks

Collateral Requirements

Not Necessary

Bank

Always

Direct Lenders

Sometimes Required

Business Profitability

Not Necessary

Bank

Last 2 Years

Direct Lenders

Sometimes Required

Credit Score

No Minimum FICO

Bank

680+ FICO

Direct Lenders

600+ FICO

Credit Check

Soft Pull

Bank

Hard Pull

Direct Lenders

Hard Pull

Driving Growth for All

National empowers growth without limits for every business owner, giving them the capital and the confidence to grow to greatness.

$2 Billion
We’ve secured over $2 billion in financing for business owners – and we’re just getting started!
27,000+
Total transactions secured for entrepreneurs and counting.
52 Million+ Hrs
Our frictionless financing has saved business owners over 52 million hours of time compared to working with other lenders.
$100K - $5M
National is a market leader in securing $100K to $5M and above financing agreements.

Customer Reviews

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Get from application to approval in hours, not days, with a streamlined process that merges high-tech with human-touch for high-efficiency financing.