WebAug 30, 2024 · Bank of America. Bank of America offers equipment purchase loans that start at $25,000 with fixed rates as low as 3%. This is a business loan secured by assets and can last as long as five years. Bank of America offers equipment financing starting at $25,000. Bank of America is one of the largest banks in the country. WebEquipment financing is the act of borrowing capital in order to pay for new or used piece of equipment. This helps business owners get the business equipment they need, without having to pay out of pocket. Borrowing capital can save business owners from cash-flow disruptions that come from paying with working capital.
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