An easy approach to
business funding

One simple application for working capital,

Lines of credit, Term loans and more!

Equipment Financing

Looking to expand your business and purchase new equipment? Equipment financing is the solution for you. With this type of loan, you can easily acquire the machinery and equipment you need to take your business to the next level.

All you need is a minimum credit score of 650, at least three months in operation, and a monthly revenue of $10,000. The application process is simple and convenient, allowing you to call a phone number or submit an online application.

So why wait? Get the financing you need and propel your business forward with Black Tie Funding.

Qualifications and Application Process

These are the requirements for application for equipment financing:

  • In business for at least three months.
  • A minimum credit score of 650.
  • A minimum monthly revenue of $10,000.

You have the option of contacting Black Tie Funding directly or submitting an online application. The application itself is designed to be easy and convenient, requiring basic details about your business.

Considerations and Factors Affecting Borrowing Decisions

A clear understanding of the purpose and intended return of the loan before making borrowing decisions. When it comes to business growth, the purpose of the loan is crucial. It would be best if you determined how the loan will support your business expansion and whether it aligns with your long-term goals. Analyzing the loan purpose allows you to make informed decisions and ensures that the borrowed capital will be used effectively.

Consider the factors that may influence your borrowing decisions. For established businesses, a track record and assets for collateral may play a role. On the other hand, new businesses may require more capital and alternative lenders such as Black Tie Funding. By evaluating these factors, you can make the right borrowing decisions that will positively impact your business growth.

Determining Loan Amount and Affordability

Take into account why you need the funds in order to determine the appropriate loan amount for your business with Black Tie Funding. Analyzing your budget is essential to ensure that you can comfortably repay the loan. Consider the following factors when determining the loan amount and affordability:

Analyze your budget

  • Calculate your monthly revenue and expenses.
  • Determine how much you can allocate towards loan repayment.

Repayment plan:

  • Assess the impact of the loan payment on your cash flow.
  • Consider unexpected circumstances that may affect your ability to repay.
  • Match the loan term with the expected useful life of the equipment.

Importance of Business and Credit History

Your personal credit score and business history have a significant impact on the outcome of your loan application, especially when it comes to equipment financing. Equipment financing companies will carefully assess your creditworthiness to determine the risk involved in lending to you.

If you have a lower credit score, you may face higher interest rates or even be denied the loan altogether. This is because traditional equipment financing companies view a lower credit score as a sign of potential financial instability.

When it comes to equipment financing, the equipment itself serves as collateral for the loan. Financing companies want to ensure that they can recoup their investment in case of default.

Therefore, your credit score and business history play a crucial role in determining the likelihood of your loan application being approved and the terms you are offered.

Best Business Loans for Equipment Financing and Alternatives

It is important to explore alternative loan products and carefully research and compare your options before making a decision. Consider different equipment financing loan options and compare loan alternatives to find the best fit for your business needs.

Here are two key factors to consider:

  1. Loan terms and conditions:
    • Interest rates: Compare the interest rates offered by different lenders to find the most competitive option.
    • Repayment period: Look for a loan with a repayment period that aligns with the expected useful life of your equipment.
  2. Loan requirements and eligibility:
    • Credit score: Different lenders have varying minimum credit score requirements. Consider your credit score and choose a lender that suits your profile.
    • Collateral: Some lenders may require collateral, such as the equipment itself, while others may not.

Restrictions on Equipment Financing Loans

Consider exploring other loan options if you require a quick infusion of funds or a smaller loan amount. While equipment financing loans can be a great option for purchasing machinery, there are some restrictions to be aware of.

One such restriction is the age of used equipment. Lenders may have specific guidelines regarding the maximum age of equipment that they are willing to finance. This is because older equipment may have a higher risk of breakdowns and may not have as much value as newer equipment.

There may be loan restrictions in terms of the loan amount and repayment terms. Lenders may have minimum and maximum loan amounts, as well as specific terms for repayment.

It’s important to carefully review these restrictions and consider whether they align with your business needs before proceeding with an equipment financing loan from Black Tie Funding.

Researching and Comparing Loan Options

Start by researching loan rates offered by different lenders. Look for competitive rates that align with your budget and repayment capabilities.

Compare Black Tie Funding terms to ensure they are favorable and flexible. Consider factors such as loan term, repayment schedules, and any potential fees or penalties.

Frequently Asked Questions

Are There Any Restrictions on the Types of Equipment That Can Be Financed?

Yes, there are restrictions on the types of equipment that can be financed. It is important to research and compare loan options to find the best fit for your business needs.

What Happens if I Don’t Meet the Minimum Credit Score Requirement?

If you don’t meet the minimum credit score requirement, it can impact your loan approval. However, alternative financing options are available for those with lower credit scores.

Can I Use the Funds From an Equipment Financing Loan for Other Purposes Besides Equipment Purchase?

Yes, you can use the funds from an equipment financing loan for other purposes besides equipment purchase. Consider using equipment financing from Black Tie Funding for business expansion or technology upgrades to support your growth and success.

How Long Does the Application Process Typically Take?

The application process for equipment financing typically takes a few business days. Pros include an easy and convenient process, while cons may include longer processing time than other loan options.

What Happens if I Default on the Loan?

If you default on the loan, there can be serious consequences. These may include damage to your credit score, legal action, and the seizing of equipment. It’s important to explore alternatives to avoid defaulting.

Easy Application

One simple application for working capitol,
Lines of credit, Term loans and more!

Quick Approval

Within hours of the application

Fast Deposits

Deposits sent the same day

Flexible Repayment

Tailored to your business needs

Our Funding Process

One Page

Fill out our one page application. Make sure to upload the last three bank statements to the application or email them to

Consult With Our
Funding Advisor

After you complete the application one of our funding advisors will reach out for a quick consultation. We’ll help you find the perfect funding solution for your business needs. No matter what kind of business financing you’re looking for, we’ve got you covered. .

Fast Approval &
Quick Funding

Once your custom business financing solution has been chosen and approved, our team is ready to get the funds to your business bank account in no time. We understand how crucial quick access to capital can be, so we strive to get the money to you in a few hours. You can rest easy knowing our team is dedicated to making the financing process as efficient and stress-free as possible.

Ongoing Support

After we provide your funding, we continue to offer support to you until the next time you need it. At Black Tie Funding, we’re always looking for new ways to help your business grow.

We Love What Your Doing

Transparent Funding

You’ll never find yourself blindsided by fees when you partner with us – it’s just not how we do business. So go ahead: work with us knowing that you’re getting the honest, transparent treatment you deserve.

Large Network of Lenders

We partner with lenders all over the country to make sure businesses have the financial resources they need when they require it the most. We’re here to guarantee that businesses have the cash flow they need to succeed.

Amazing Support

We make obtaining working capital a breeze. Our cutting-edge digital financing technology ensures that you get the funds you need – quickly. Plus, we’ll guide you through the whole process. So you can rest easy, knowing you have the support you need.

At Black Tie Funding, we’re on a mission to make sure your small
business has the working capital it needs. We understand that one
size doesn’t fit all when it comes to financing, so we offer custom
solutions that meet your individual needs. Get the cash you need
fast and easy through our small business loans, merchant cash
advances, and lines of credit. All of our financing options are simple
to understand and easy to access. We’re here to make sure you
have the funds to remain competitive in today’s economy.

At Black Tie Funding, We are here to guide your business through
the entire journey of obtaining funding, from approval through to
pay-off, so you can concentrate on what really matters – the
success of your business. We commit to making the process simpler
and easier for you, so you can devote your energy to focusing on
the bigger picture.

A+ Rating from the BBB and 5.0 on Google

China OneChina One
17:40 08 Jan 24
Great Funding Company. Great Customer Service.
Blandma BooBlandma Boo
15:18 08 Jan 24
Brent was great! He helped us from start to finish. He also got us capital when no one else could or would. If you need capital ask for Brent. Great guy
Thomas PalombiThomas Palombi
17:26 21 Dec 23
Extremely honest and hard working people at this establishment. I’m very happy with the work Mark and his team did and will be working with them in the future. If you’re looking for someone you can trust in the financing industry, this is the place!
Clayton MyersClayton Myers
13:45 15 Dec 23
Brent was awesome. He helped us get out of a bad deal we mistakenly took. He was the only one that could help us out when so many people said they definitely could but could never come through.
Shelly GottShelly Gott
16:27 30 Nov 23
Brent was great to work with. They were understanding, quick to respond and got financing for my business right when I needed it!
Ralph GutierrezRalph Gutierrez
16:20 12 Feb 23
Quick, easy funding without the hassle of most lenders,
Jacob BrownJacob Brown
22:45 07 Feb 23
Wasn’t sure about funding but amber and mark made me such a great offer with the best rates out there !
Luis MorazanLuis Morazan
22:38 07 Feb 23
Got funded with this company a few days ago, Loved how quick and easy the process was. Amber is the Best 10/10
Cindy LoperaCindy Lopera
21:06 02 Feb 23
Mark and Amber made this process seamless! received the funding I needed the same day I applied. Would def recommend them for all your funding needs. They are the best among other companies.
Doreen HatcherDoreen Hatcher
20:13 01 Feb 23
Mark Perlman is the absolute best. He has been so in tune to our business and really assisted us to growth. His relationships in this business are next to none!