Frequently Asked Questions

Get Answers To FAQ's On Equipment Financing!

Because U.S. Financial offers a wide array of financing products such as equipment financing and invoice factoring please find answers to those common questions below. If you have more questions just give us a call at 888-581-5990.

FAQ Question Mark
  Most Credits Accepted A, B, & C Credit Finance Programs   Simple Application Icon Simple One-Page Application   Finance Calculator Icon New & Used Equipment OK
 
  question

What is equipment financing?

 
  answer

Equipment financing from U.S. Financial is the process of financing equipment that your company needs to grow. Equipment financing is much like financing you may know from home or auto but it is for equipment.

 
  question

Can I be approved for equipment financing?

 
answer

We do approve a wide range of credits for equipment financing. We look at your time in business, your company, credit, and the equipment being financed. Typically we require 2+ years time in business and a company that is doing at a minimum $100,000 in annual revenue.

 
  question

What's my rate?

 
answer

We get this question all the time and it is a difficult one to answer until the application has been submitted. Because we help A, B, and C credits we approve customers from 4% on up depending on credit and underwriting's review. We always would rather send C-credit customers approvals instead of declines but they can expect much higher rates due to the risk level. We suggest you simply put in our one-page application and we can send you your exact approval so there is no guessing.

 
  question

What is involved in getting approved and seeing what the exact terms are?

 
answer

To get approved we need a one-page application and a quote on the equipment you are looking to finance from the vendor. If you are a higher risk customer due to credit or the amount requested please be prepared to submit bank statements and financials. We do offer app only application programs for strong credit customers.

 
  question

How long does it take to close?

 
answer

Once you are approved which is on average 1-2 days you can request documents. From that point on it comes down to how fast you can complete those documents and get them into us correctly. Once documents are in funding is usually the next day.

 
   
question Do you also do invoice factoring?  
answer

YES of course! We do invoice factoring everyday. To learn more about this great alternative to financing simply visit www.usfinco.com/how-invoice-factoring-works.html.