Here's the list of top equipment financing companies!

A business may need to buy equipment on numerous occasions. In addition to being necessary for day-to-day operations, the correct equipment may also aid in a company's expansion and increased productivity. 

But many small- and medium-sized firms might not have the money for expensive equipment. Equipment financing companies can obtain the equipment they require through loans from equipment finance lenders, much like they do with personal loan products. 

When your company needs money, these loans offer flexible access to tens of thousands of dollars. 

Here is the comparison of more than ten of the leading companies in the sector, taking into account things like payback conditions.

• Speirs Finance

Speirs Finance is a well-known finance company established in New Zealand. It is one of the most successful brands among its customers. The company has been providing services to its clients since 2014. 

Its main goal is to build a track record along with creating a new benchmark in the New Zealand market. 

They have established a worldwide network of used asset finance professionals. They can help you make sound decisions when funding assets, which makes good sense from a business and cash flow perspective.

• Crest Capital

In 1989, Crest Capital was founded as a small- and medium-sized business lending and leasing lender, expanding businesses throughout the country. 

This lender takes pride in quickly approving the funding that businesses want by declaring yes when the bank says no.

With Crest, you may finance both new and secondhand equipment from a range of different industries. With same-day approval, many businesses can finance up to 100% of their equipment expenditures, taxes, and installation.

Crest provides loans without business liens or closing charges. Even if this lender doesn't disclose specifics, collateral might be needed.

• National Funding

If you want to expand your business, then national funding is your best choice. It requires you to spend only six months in the company, and then it will offer you a low credit score for the approval.

This  Equipment financing company helps your business in expanding the six-month funding. There are no equipment limits through this lender. Whether you want to buy or lease either used or new equipment, the company is willing to provide the funds.

• Currency

It is not easy to get any business loan with a poor credit score, but when you're buying equipment, that can run into hundreds of thousands of dollars. With loan options for all credit profiles, the currency is the best option for you to select. 

This firm is the right choice for the betterment of your business & for getting funds very easily. This will provide you with the best credit score and limits your terms.

Because of this reason, the currency is the top choice for all. They offer to fund the customers with more credit profiles. Also, the approval is faster & sometimes, same-day funding can also be provided. 

• CIT Bank

First-Citizens Bank's CIT division. With more than 600 branches spread across 22 states, the bank is one of the top 20 financial institutions in the country.

Small enterprises can get equipment loans from CIT Bank for up to $1 million, with terms as long as 72 months. 

You can borrow up to $500,000 with a straightforward application-only loan without providing any further documentation. You are eligible to borrow up to $1 million if you agree to gather and provide financial documentation.

• Magma Fincorp

Initially known as Magma Leasing Limited, Magma Fincorp Ltd began its operations with corporate financing before branching into retail construction and commercial vehicle financing. 

It has 280 branches in India and operates in 22 States. Magma provides a used and new equipment financing option.

These are the top listed Equipment financing companies that will help you get the funds. You can contact them if you face any funds-related problems in your business because these are the top trusted companies!