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Startup Business Equipment Financing

Helping startup owners find equipment financing services that are right for them.

Startup Equipment Financing

Charter Capital has been in the startup equipment financing industry since 1977. We’ve worked with thousands of clients to identify and obtain the smartest financing solutions. Our experience working with a wide range of startups over the years gives us an understanding of the unique needs and challenges.

We understand that borrowing can be very complex, confusing and intimidating, especially if you are not familiar with the subtleties and potential pitfalls of commercial borrowing. Let Charter Capital guide you to the right loan with terms and conditions ideal for your company.

We can finance just about any type of equipment or equipment rental software from $10,000 to $1,000,000.

We can structure level payments, seasonal payments, skip payments or balloon payments. Here are some examples of what we’ve helped small businesses finance in the past:

Our objectives are to earn your business and trust by sharing our extensive startup equipment financing knowledge and simplifying borrowing to grow your business. Get equipment financing for your new business with the expert guidance of Charter Capital at your side.

Some of our customers

  • Are interested in the lowest rate.
  • Are interested in a specific tax treatment.
  • Want to avoid breaching existing lending covenants.
  • Are interested in the longest term.
  • Are interested in getting reimbursed for equipment they have already paid for.
  • Want seasonal or other cyclical structures.
  • Want to finance software.
  • Want to us to give the seller a deposit before the equipment is shipped.

All of our customers want a fair deal at a fair price and no surprises.

Startup Equipment Financing Tips

Whether your business is just getting off the ground or is in the first stages of growth, obtaining equipment financing for a new business can be daunting. Fortunately, you don’t have to navigate this process on your own. The financing tips ahead 

  1. Get your financial plan in order. Lenders take on risk when they provide equipment loans for a startup business. Newer businesses pose a heightened risk since there is no long term track record of company success and finances. To come across as worth the risk, you’ll need a comprehensive financial plan, which includes future projections for growth and revenue, that you can present to lenders.
  2. Shop around before deciding on a loan. You might feel like your options are limited, but there are more financing avenues out there than you might think. At Charter Capital, we leverage our network of lenders to provide you with multiple startup business equipment financing options. This allows you to examine the available financing options and select the loan that works for your business.
  3. Ask the right questions. Banks and other lenders will analyze your business and request information from you about finances, future goals and other relevant details. But they aren’t the only ones who can ask questions. To ensure you’re getting the right deal, ask the potential lender the right questions, including:
    • Do you support small to medium-sized businesses?
    • Can you provide me with a list of some of your past customers that I may contact?
    • What credentials do you possess?
    • What are the repayment options for this loan? 

For more advice on securing equipment loans for a startup business, check out these 10 financing tips from small business leaders.

Startup Equipment Financing with Bad Credit

Finding equipment financing for startups can feel like an uphill battle, especially when bad credit is involved. With over 40 years in business, Charter Capital has helped startups in all sorts of financial situations, including those with bad credit.

If your credit score is lower than 600, be vigilant when you’re examining loan options. Unfortunately, there are many predatory lenders out there looking to take advantage of unsuspecting business owners. Avoid companies that ask for “application processing fees” at the start. This is a tool lenders use to make more money. Learn about lending fees and what they mean here.

Since Charter Capital has an extensive network of lenders across the country, we can connect you with loan opportunities you didn’t know existed. Working with a trustworthy financial broker opens the door to better loans, better terms and confusion-free financing. That’s because the financial experts at Charter Capital will walk you through the options and answer any questions.

When it comes to securing equipment financing for startups, Charter Capital is here to assist in any way possible. Get in touch with us today to learn about all the available options.

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