What is small ticket equipment finance?
In the finance industry, the term "small ticket" is often applied to equipment loans under $50,000. There are a number of non-bank finance companies with streamlined credit approval processes to assist business owners with the acquisition of equipment that may be critical to the operation of their business.
To qualify for a "no doc" or "low doc" loan approval there are a number of metrics used by the credit providers. These can include:
- How long the business has been established
- The credit score of the business and the directors/owners
- The type of equipment being financed
KRW are experts at arranging the right type of finance for your needs with the minimum of fuss. Contact us to discuss your needs and options.