Equipment Loans
Walnut Financing works with many lending and funding services and is, therefore, able to offer the best equipment loans to clients at the best rates. Walnut Financing does not charge clients looking for equipment loans but is paid by the lenders for bringing them business. As every business has different requirements Walnut Financing needs to learn as much as possible about the client's situation and invites individuals looking for equipment loans to complete the online form and a trained representative will contact them in a short while.
Walnut Financing will listen carefully to the client's equipment loans requirements and will advise on the best solution based on analysis. Walnut Financing works with several lending service partners in order to find clients the lowest rates in the cash advance industry. Walnut Financing is committed to serving the best interests of each client and is aware that when they succeed it does too.
Walnut Financing assists businesses that are unable to qualify for traditional equipment loans.
A good potential candidate for equipment loans will be a client whose business has been operating for more than one year, has a business bank account and processes at least 5000 dollars in credit card transactions monthly. Walnut Financing informs that, depending on how the client receives payment from customers, he/she may need to submit their tax ID number, credit card statements for the previous three months, and bank statements for the previous three to six months. The client could be asked for his/her drivers license number and the state where it was issued together with the social security number. Walnut Financing will inform the client applying for equipment loans if the application has been approved within two business days.
Walnut Financing provides applicants with a free approval process when they apply for equipment loans.
If the application is successful the client will receive funds as soon as five business days after receipt all completed loan documents. Walnut Financing informs clients that the approved equipment loans are directly deposited in a safe, secure and hassle-free manner. The typical term of the equipment loans is six to twelve months and repayment is made through Daily Direct Debit SM payments from the client's business bank account to Walnut Financing's funding source. These small regular payments have proven to prevent the snowball effect often caused by the missing of larger monthly payments. Walnut Financing informs the client of the exact payment amount and its online loan management portal permits the client to monitor the activity whenever they wish. Small business equipment loans financing is always risky and loans are priced accordingly. However, Walnut Financing's funding partners are still up to 50% less than most cash advances and the best alternative to a traditional bank loan.
