Business loan for equipment

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The microcredit company VAYVND issues microloans to individuals online and in branches.
The microcredit company FinaGuru issues short-term and long-term online loans to individuals. The organization does not have a branch network; it operates remotely via the Internet.
Creditnice is a microfinance company operating since 2013. It specializes in loans with online processing, including to pay for purchases from partners; it also issues virtual credit cards and provides credit lines.
Creditify is a service for issuing urgent online loans to a bank card. You can take out a loan on a card from this company for various purposes. Income certificates and guarantors are not required.

Conditions for obtaining a loan for business equipment

Development of production requires new capacities. If you take out a loan, you can avoid a one-time withdrawal of a large amount from the company’s turnover. The equipment will immediately begin to work and generate profit, which can be used to pay off the debt. The amount and term of the loan depend on the needs of a particular organization. The type of loan is selected based on these parameters.

A loan for business equipment can be obtained through several programs:

  • Universal or express. Issuance of funds for any purpose without confirmation. Most often without collateral. Suitable for companies with small requests, for example, when a cafe buys a display refrigerator
  • Negotiable. It is convenient if the acquisition immediately begins to pay off, for example, the opening of a second production line will double production output. With or without collateral. For 1-3 years
  • Investment. Needed for expensive purchases and long-term investments. It will be useful, for example, for construction and complete equipment of a new workshop. Issued for a long term – 10-15 years. Pledge of purchased fixed assets is required
  • Interest rates, as well as other parameters of a business loan, are determined by the selected option and the specific bank.

More profitable financing with government support is possible if the borrower meets the stated requirements. First of all, it is important that the company belongs to SMEs and is engaged in certain types of activities.


Who can get a loan?
Lending is available to legal entities, individual entrepreneurs and individuals engaged in private practice who are registered and have been working for more than 3-6 months.

Will the entire loan amount be credited to your account immediately?
The timing of crediting loan funds to the current account depends on the form of lending. The one-time loan is received immediately. The credit line only sets a limit, and the money is used as needed, for example, to pay one supplier. The line of credit can be revolving or non-revolving. Accordingly, in the first case, after repaying the debt, the funds can be used again.

What collateral do I need to provide?
If an investment loan is issued, the purchased equipment is pledged as collateral. When it comes to other credit programs, the collateral can be any highly liquid valuable property owned by the borrower. For example, real estate, transport, land, equipment, securities and deposits.

What will the payment schedule be?
Most often, deadlines are set individually. The schedule may consist of annuity or differentiated payments that must be made once a month, or the bank gives a deferment on the principal debt for up to 6-12 months.

What is the maximum amount you can receive?
The size of the credit limit is determined by several criteria:

Availability of collateral, its value
Loan program
Form for providing funds
Confirmed company turnover
Main activity of the organization

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