You could be looking for a medical equipment loan, restaurant financing, or any type of business equipment loan and Golden Financial Services could be your solution. Equipment can often be the object holding your business back from growing and increasing its revenue. Look no further. We can help you.
We are a one-stop shop for any business equipment loan that you may need. This page will explain our business equipment loan process, along with showing you how to get approved and funded fast.
Golden Financial Services can loan you up to 250K and have the money in your bank account by 2 business days from today.
To Qualify You Must Answer “YES” to ALL the Following Questions.
Will this new piece of equipment bring you added business revenue right away?
Is your credit score above 500?
Do you have over $100,000 in business annual revenue?
Is your bank balance greater than $1,000, on average over the last 3 months?
Do you or whoever is applying for the loan, own 50% or more of the business? If not, then multiple owners must be included on this loan.
If you answered “YES” to all of those questions, complete your online business loan application here.
How much of a business loan could you qualify for?
The answer to this question primarily depends on what your annual revenue is. Typically we will loan you up to 10% at the most, of what your annual revenue is, to purchase equipment. If your annual revenue is 1 million dollars per year then you could qualify for a $100,000 loan. Equipment can be expensive, but we understand the profit that equipment can bring to certain businesses. Therefore we will do our best to loan you every dollar that you need, but be realistic when applying and be honest about your situation because we are here to help you.
If what you qualify for is not enough money, well there is good news.
Equipment Business Loans can help build credit
After 4-6 months of paying perfectly on your loan, you will have established business credit with us. On top of us reporting your good payment history to the credit reporting agencies, which helps you to build good personal credit, you will be building good business credit with Golden Financial Services and the lenders that we partner with. Therefore you can apply at that point for additional funds and get approved.
So if today we don’t approve you for all the money that you desire and need, take a portion of the money, and apply for the rest in 4-6 months.
What types of payment terms are available for equipment business loans at Golden Financial Services?
The terms range from 3-18 months.
How do I get APPROVED FAST?
It doesn’t get much easier than our process. The following steps are how you can get approved and funded within 2 business days. You could literally have your new equipment in your shop by 3 days from today.
1. Start by filling out this Business Loan Qualification Form HERE:
2. We need for you to send over 1-3 months of bank statements and credit card statements if you take credit cards. You can email them right over to us at the same time that we are on the phone together.
3. Within minutes we will tell you if you’re approved or denied. If denied we will tell you what to do, in order to reapply in possibly a few months and get approved. If you are approved, then we need to move quickly so we can fund your bank account and you can purchase your equipment.
ONE LAST STEP – The Following Documentation Needs to be Submitted
– Signed business loan and security agreement.
– We need proof of US citizenship including a driver’s license or passport and one of the following: Birth Certificate, Social Security Card, Medicare Card or even a Voter Registration Card.
– TXA Loan Agreement.
– Business Lease or Proof of Ownership.
Apply for Your Small Business Equipment Loan HERE, or Start by Calling 1-866-376-9846.
Golden Financial Services is not a direct lender. We can refer you to a direct lender that is nearest you that we recommend for your location. From the lenders that Golden Financial Services is affiliated with, here are the rate terms: The average rate for term loans is 25.3% simple interest and 48.7% AIR. Weighted averages are based on loans originated in the quarter ending June 30, 2018. Rate Definitions: Simple Interest: Total interest you will pay, and given as a percentage of the amount borrowed, excluding fee. Annual Percentage Rate: The interest rate in annualized terms, including fees. Short-Term Rates: As low as 9% Simple Interest. What is Simple Interest? Simple Interest calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees. For shorter terms (12 months or less), Simple Interest lets you quickly see the total payback amount of your loan. Total Interest Percentage is also referred to as Fixed Simple Interest and is not an annualized rate. Example: On a 6 month, $10,000 loan with 9% Simple Interest and weekly payments, your interest cost is $900, for a total payback amount of $10,900. Long-Term Rates: As low as 9.99% Annual Interest Rate. What is the Annual Interest Rate? Annual Interest Rate calculates the yearly interest percentage you pay based on your average loan balance. This rate excludes any fees. While you should always consider the total cost of a loan, for longer terms (more than 12 months), you can use the Annual Interest Rate to compare loans of similar duration. Example: On a 24 month, $100,000 loan with 9.99% Annual Interest Rate and weekly payments, your interest cost is $10,418.15, for a total loan payback amount of $110,418.15.GFS works with a variety of lenders to ensure applicants can have the best possible chance of getting approved for a loan. After filling out the short online business loan application above, GFS will do the legwork to find the right lender to fund your business. Golden Financial Services makes the business loan process quick and easy. Applicants can expect an answer within 24-48 hours. Bad credit applicants are OK. For credit card relief visit here. GFS has its main office located at 600 Palm Ave #221, Imperial Beach, CA 91932; Telephone Number 866-376-9846