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Financing Available

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MyToolGuy
 
What is Equipment Financing?
Equipment financing is used specifically for large equipment purchases – like a new bunker set. Getting an equipment loan is usually the easiest way to purchase new equipment for your business.
Our Benefits
 
 
Up to 100% of Equipment Value
Maximum Loan Amount
 
 
1-5 Years
Loan Term
 
 
8 to 30%
Average Interest Rate
 
 
Approvals in as little as 30 seconds
Speed
 
How Does Equipment Financing Work?
Making large purchases of vital equipment is unavoidable for most businesses, brand-new and well-established alike. New equipment can help your business to bring in more revenue – like additional bunker sets to meet higher demand. Handing over the cash for these purchases can set you back a significant amount, and that’s what makes equipment financing an attractive option for expanding, starting or updating a business.

Benefits of Equipment Financing

  •  
    Preserves Your Cash
  •  
    Limited paperwork
  •  
    The equipment serves as collateral
How Do You Apply for Equipment Financing?

Like most loans, you’ll need to provide the financial health of your business along with your credit score. Most equipment lenders will also ask for information about the equipment you’re looking to buy and a quote of how much it will cost. 

What You’re Going to Need:

  •  
    Driver’s License
  •  
    Business Tax Returns (for loans above $150k)
  •  
    Voided Business Check
  •  
    Credit Score
  •  
    Bank Statements (for those lacking credit)
  •  
    Equipment Price Quote
Most Customers Get Approved With:
 
 
$0k
Annual Revenue
 
 
550
Credit Score
 
 
0+
Months in Business
 
Who Qualifies for Equipment Financing?
Most businesses in good standing will qualify for equipment financing loans. It can actually be a good option if your credit score is on the lower end because the equipment you’re financing acts as the collateral. The details of how much and for how long depend on the type of equipment and its cost. Lenders are interested in securing a loan, so when you’re financing equipment, they’re often not as concerned with your borrowing history because the equipment acts as collateral.
What Else Should You Know About Equipment Financing?
  •  
    When your business doesn’t have enough cash to purchase a new piece of equipment upfront, equipment loans are the best option.
  •  
    You use them the same way an individual would use a car loan, and then pay them back via monthly payments.
  •  
    How much you can borrow depends on what you’re looking to finance, and the price will dictate the terms and interest of the loan.
  •  
    The equipment itself acts as collateral, so you won’t need to put up additional collateral to secure the loan. This self-secured loan is often easier for some businesses to qualify for.
 
Not Sure if Equipment Financing is Right For You?
Let us walk you through your options and help you decide which program is right for you.
Still Have Questions?
 
Call us at
877-443-8851
to speak to a finance specialist today 
 

Financing Your Automotive Equipment Has Never Been Easier

Financing your auto shop equipment purchase has never been easier with our very brief and simple application. And most customers are approved very quickly. Our financing partners not only offer extremely competitive rates, but can also get lower credit score customers approved where others cannot. So whether you're just buying just a single car lift, or outfitting an entire 6 bay garage, we can set you up. Qualifying applicants can get programs with no payments for 90 days, or even 0% interest programs for up to 6 months as well.
For Commercial financing, click here for business financing application   (Lease to Own)
For financing for individuals for personal use, please ‚Äčclick here for consumer financing application  (Regular consumer + business financing)
We have several options for financing, including 0% interest options. Just click on the banner below to view more details about the popular 6 months, 0 % interest program through PayPal Credit -

 

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                                               Need financing?

 

Mailing address:  Primrose USA, Inc. DBA MyToolGuy.com, 931 Bantam Road, P.O.Box 453, Bantam, CT 06750-0453

We work with the best Finance Company in order to serve you better. For credit applications please click the Logo's to get your application.

Apply for Financing now! No obligation by Applying. Instant Credit Decisions for ALL your Automotive Lifts and Shop Equipment needs!

 

 Why Finance ?

Click here to get the benefits of financing equipment

  

Financing available

 

Other methods Of Payment accepted:  We accept all major credit cards

 

MasterCard -Visa - Discover- AMEX-Certified Check-  Bank Draft- Bank to Bank Transfer-Personal Check   (these will need to clear our bank before shipment can be made) 

capture.1.png PRIMROSE USA, Inc. Automotive Lifts and Shop Equipment Since 1984  931 Bantam Road - P.O. Box 453 - BANTAM - Conn. 06750-0453   Copyright © 2000-2023 -   Last modified:  May 16, 2023    Contact us: sales@mytoolguy.com       Call Toll Free 877-572-8298 or 203-813-0414 or 860-459-7974creditcards.jpg