Some business owners aren’t aware they can use their existing equipment as collateral to expand their business and buy more equipment. You may have some blemishes on your credit, but through First Capital, you can still obtain financing. What most business owners don’t realize is there is financing available to them even if they have some issues on their credit. Specifically for this program, the business owner would need to own collateral and in this case that would be other equipment. Other equipment can be, commercial vehicles like trucks or trailers, yellow iron like construction equipment, and we’ll even consider manufacturing equipment.
This infographic will show you how to get qualified for financing using your existing collateral.