Low Rates Associated With Equipment Loans
If you want to secure Equipment Loans from traditional lenders, then you’ll need to have a low risk profile attached to your application form.
To get prime plus interest rates, you need to have a business balance sheet that does not have debt to equity ratio ratios higher than 3:1 and historical income statements that show enough profitability to demonstrate the ability to cover the costs of future payments from additional financing.
If the risk is not considered to be low, then its not like there is a “B”rate. Its all or nothing from traditional banks in that its an “A”deal or nothing.