Frequently Asked Questions

What is equipment financing?

Equipment financing from U.S. Financial is the process of financing equipment that your company needs to grow. Equipment financing is much like financing you may know from home or auto but it is for equipment.

Can I be approved for equipment financing?

We do approve a wide range of credits for equipment financing. We look at your time in business, your company, credit, and the equipment being financed. Typically we require 2+ years time in business and a company that is doing at a minimum $100,000 in annual revenue.

What's my rate?

We get this question all the time and it is a difficult one to answer until the application has been submitted. Because we help A, B, and C credits we approve customers from 4% on up depending on credit and underwriting's review. We always would rather send C-credit customers approvals instead of declines but they can expect much higher rates due to the risk level. We suggest you simply put in our one-page application and we can send you your exact approval so there is no guessing.

What is involved in getting approved and seeing what the exact terms are?

To get approved we need a one-page application and a quote on the equipment you are looking to finance from the vendor. If you are a higher risk customer due to credit or the amount requested please be prepared to submit bank statements and financials. We do offer app only application programs for strong credit customers.

How long does it take to close?

Once you are approved which is on average 1-2 days you can request documents. From that point on it comes down to how fast you can complete those documents and get them into us correctly. Once documents are in funding is usually the next day.

YES of course! We do invoice factoring everyday. To learn more about this great alternative to financing simply visit www.usfinco.com/how-invoice-factoring-works.html.