Equipment Loan for Business
Equipment Loan for Business

Equipment Loan for Business

Every business knows how important it is to get, upgrade, or change the necessary equipment for daily operations. However, investing in equipment can pose challenges, especially when facing financial strains. In such circumstances, businesses may find equipment financing to be an advantageous solution. This financial instrument not only allows businesses to ensure the seamless functioning of their operations but also offers a way to do so without putting additional pressure on their existing cash reserves. Equipment loans for business provide a means for entrepreneurs to acquire the necessary machinery without compromising their financial stability.

Equipment Financing Meaning

Equipment financing, in simple terms, refers to a loan or lease designed to help businesses acquire essential equipment.

Understanding the meaning of equipment financing is crucial, and it’s equally important to know the types of machinery and equipment that can be obtained through an Equipment Loan for Business. Here is a list of permissible equipment and machinery for such loans.

  • Compactors

  • Fork Lifts

  • Crushing Plants

  • Drills

  • Road Rollers

  • Compressors

  • Dozers

  • Tipper

  • Dumpers

  • Hot Mix Plants

  • Wheel Loaders

  • Reach Stackers

  • Cranes

  • Backhoe Loaders

  • Excavators

  • RMC Plants

  • Graders

  • Concrete Pumps

  • Transit Mixers

  • Pavers

  • Rock Breakers

  • DG Sets

Types of Equipment Loans

Banks and NBFCs provide various types of equipment loans tailored to the needs of business owners and enterprises. Therefore, the kinds of equipment loans include:

Construction Equipment: Construction companies and businesses take these loans to acquire necessary equipment for construction purposes.

Manufacturing Equipment: Individuals or businesses seeking equipment for manufacturing goods typically apply for this type of loan.

Corporate Aviation:
Professionals in the corporate aviation industry may seek loans specifically for managing airport and on-flight equipment.

Automobiles and Allied Industries:
Business with needs in the automobile and related industries, including manufacturing, assembling, or related processes, can utilize this type of equipment loan.

IT and Office Equipment:
Exclusive to businesses operating with an office setup, this category covers loans for essential IT equipment such as computers, servers, projectors, and other office supplies.

Electronics & Appliances:
Companies can secure loans for electronic devices and appliances necessary for their operations.

Health Care:
Businesses in the healthcare sector can take loans to procure essential equipment and goods needed for smooth operation.

Documents Required to Apply Equipment Loan for Business

The following are the document needed to submit for Equipment Loan application process:

  1. PAN card, Aadhar card and Voter’s ID
  2. Resident Address Proof
  3. Business Located Address proof
  4. Business registration Proof
  5. Last Past months’ Bank statement
  6. Passport size photos of applicant
  7. Two years of income tax returns & Audited financials
  8. Suppliers and Machineries name in Detail

Apply for Equipment Business Loan?

1- Visit the Red Fort Capital website and click on “Apply Now.” 
2- Once you submit your inquiry, you’ll receive a callback within 5-10 minutes to guide you through the easy application process.

It’s that simple!

Equipment Business Loan FAQs

Equipment loan for busienss are secured.
We believe in transparent business practices with no hidden surprises. Any fees or charges, usually just a small administrative/documentation fee, are clearly outlined in an easy-to-read invoice included in your document package.
  • Indian Citizens
  • Proprietorships
  • Partnership firms
  • Pvt. Ltd. Companies &
  • Public Ltd. Companies
  • HUF, Trust, Society and OPC

Apply for a quick business loan with Red Fort Capital

About Red Fort Capital

Red Fort Capital is dedicated to empowering Indian MSMEs (Micro, Small, and Medium Enterprises) on their path to business growth through customized business loans. We understand that securing a business loan in India can pose significant challenges, particularly when factors like a less-than-ideal credit score, a relatively short business history, unclear financial records, or variable cash flow come into play.
As a respected Non-Banking Financial Company (NBFC), we take pride in offering a diverse range of secured business loans, spanning from 1 to 10 Crores. What sets us apart is our remarkable ability to disburse funds fast, in just 7 days. Our financial solutions are meticulously designed to cater to a spectrum of needs, including working capital requirements, equipment and machinery purchases, invoice/bill discounting, and last-mile financing, among others.

Quick Business Loan