Equipment Gap Financing
Equipment Gap Financing: Enables purchase of equipment for businesses that leads to operational efficiencies and / or growth of the business.
For: Capital-intensive manufacturers that are not yet fully bankable but have a strong business plan.
Uses: Financing for major purchases of long-term equipment
Amount: $25K to $100K or up to 30% of the entire loan whichever is less
Term: Up to 7 years
Interest Rates: 50% of prime lending rate
Collateral: Security interest in equipment, lien on business assets and personal guaranty
- Download the Policies and Procedures for the Equipment Gap Financing here: HEDIC Equipment Loan Overview, Policies And Procedures Equipment Loan
- Access the Pre Application form: PREAPPLICATION FORM HERE