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EQUIPMENT FINANCING
  • 100% financing available
  • Up to $2M loan
  • Terms from 7-10 years depending on life expectancy of equipment
  • Delivery and set up expenses can be included in loan
  • No bankruptcies in the past 7 years and no judgments in the past 2 years
  • 1.2X historic debt service
  • Expansion loans based upon projections are available
What does Banco Popular need?

From the borrower
  • Completed loan application
  • Personal tax returns for the last 3 years
  • Business tax returns and financial statements for the business you wish to finance
  • Business tax returns and financial statements for other businesses that the borrower owns

From the equipment vendor

  • Equipment bids or invoices
  • Deposit requirements on equipment to be purchased
  • Estimated time of delivery
  • Break down of delivery and set charges

Loan application
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