Q. WHO IS NORTHERN EQUIPMENT?
A. Northern Equipment offers equipment financing options for businesses nationwide.
Q. ARE YOU A DIRECT LENDER?
A. No we’re not. And we think that is extremely beneficial for our clients. We’re able to search the entire marketplace for the best terms available and encourage price competition between lenders.
Q. WHERE DOES NORTHERN EQUIPMENT PROVIDE FINANCING?
A. We currently provide financing in all 50 states of the United States of America.
Q. WHAT TYPES OF PRODUCTS DO YOU OFFER?
A. We offer equipment loans and leases. Click here to learn more about our products.
Q. WHAT ARE YOUR FINANCE RATES?
A. Finance rates are competitive with a typical bank business loan.
Q. WHAT ARE YOUR TYPICAL TERM LENGTHS?
A. Typical term lengths are between 12 and 72 months.
Q. ARE PAYMENTS TAX DEDUCTIBLE?
A. Check with your accountant. Generally, payments are fully tax-deductible as an operating expense.
Q. HOW DOES IT WORK?
A. Please visit our "Products" page for a comprehensive description of each of our financing products
Q. WHO IS ELIGIBLE?
A. We provide equipment financing to small and/or medium sized businesses. You must be an operating business with at least $15,000 in monthly revenue. All industries in all 50 states are eligible.
Q. WHAT ARE THE AMOUNTS OF A TYPICAL NORTHERN EQUIPMENT LOAN?
A. We offer loans ranging from $5,000 – $5,000,000.
Q. HOW DO I APPLY?
A. Applying for financing is simple and typically takes about 10 minutes. You can start the process by clicking here to Apply Now. You will be contacted shortly after submission by one of our representatives.
Q. WHAT DO I NEED TO SUBMIT WHEN I APPLY?
A. For the application process, you will need:
· Completed and signed application
· Your 3 most recent bank statements
· Most recent corporate tax return
· Description and value of desired equipment (or invoice)
Q. HOW LONG DOES IT TAKE TO GET PRE-APPROVED AND FUNDED?
A. We give pre-approval within 24 hours of your submission and can typically provide financing within 48 hours.
Q. I HAVE A QUESTION, WHO CAN I CONTACT TO HELP ME START THE FUNDING PROCESS?
A. You can reach a representative at (212) 897-1835. You can also fill out our Contact Form, or email us at info@northernefl.com