types of loans / Secured Small Business Loans /

Equipment Loan

Getting an equipment loan can provide the boost you need to run your business.

QUESTIONS? 888-986-8263

How does an equipment loan work?

At some point in your business, you'll need to upgrade, improve upon or replace various pieces of equipment. An equipment loan can provide the working capital that means the difference between succeeding or struggling.

An equipment loan offers access to a line of credit. A line of credit gives you the security of knowing you are prepared for any equipment purchases or updates needed.

A line of credit also provides businesses with flexibility to cover any expenses that arise, as funds can be accessed on an ongoing basis. In addition to flexibility, a line of credit also offers peace of mind knowing your small business will be ready to face any financial situation.

How can I use an equipment loan?

Rather than spending money from your revenues to pay for high-ticket items, equipment loans can be used to cover the costs associated with running your business on a day-to-day basis. Additional ways you can use an equipment loan include:

  • Replacing existing equipment
  • Repairing equipment that has been damaged
  • Purchasing new equipment

How can I get an equipment loan?

When trying to get a loan through a bank, you may find the time it takes to apply for the loan, process the application and wait for a decision challenging as you try to meet your short-term needs. Most small business owners need working capital on the spot to purchase, repair or update equipment.

One way to speed up the process is to consider applying for an online loan with a lender like Kabbage. Kabbage looks at real-time business data to provide you with approval and supply your equipment loan on the spot. That means you can have the additional working capital you need faster, so you can purchase or replace the equipment you need.

Get the security of a business line of credit

Qualify for a line up to $250,000

Must be valid email. example@yourdomain.com
This field is required.
This field is required.
This field is required.

There's a better way to fund your business

Accessing small business funding shouldn't be complicated or time-consuming, so Kabbage developed a simple way to get up to $250,000.2

up to a $250k line of credit*
qualify in 10 minutes2
choose 6, 12 or 18 month terms1,3

Why Kabbage

Flexible Funds
You decide when to use your funds and how much to take. As long as you have available funds, you can withdraw every time you need capital.
Transparent Terms
Kabbage loans have simple, monthly payments with no origination fees or prepayment penalties. You can review your payment schedule before taking a loan so there won't be any surprises.
Simple Process
Securely link your business information online to get an automatic financial review. This lets us evaluate your business right away without requiring you to track down financial statements.
Convenient Access
Withdraw from your line by logging into your computer, using our mobile app or swiping your Kabbage Card. You'll have the security of a line of credit you can use whenever you need it, wherever you are.
Trusted by Thousands
Kabbage customers have securely connected more than 1 million data sources. We’re A+ rated by the Better Business Bureau and certified for our commitment to customer privacy.
Personal Service
From applying to managing your account and making the most of your capital, our in-house team of experts is here to help when you need it.