Step-by-step guide to financing through Boom & Bucket
You can finance almost any type of equipment. We have partners that specialize in late model and lower hour machines as well as older and higher hour units. You can also use the financing for Payroll, Invoices, and general Growth Capital.
What terms are available?
Term Loans, Receivables Purchases, Line of Credit, Equipment Financing, Invoice Factoring, and more are available to you. We have several options to fit your business needs. Terms are based on duration, credit score, and business factors.
What factors determine whether I will get approved?
Generally, this will be months in business, existing debt, monthly revenue, and credit score. We are able to use other factors to get a loan approved in select circumstances. We'll recommend having documentation such as W-9s, bank statements, and other documentation on hand for quick quotes!
Will applying have any impact on my credit score?
Applying will not impact your credit score. Credit will only be pulled with your permission and if it is required for a loan product.
What happens after I submit the application?
How long does the process take?
For customers that have all the documentation on hand, you can get fully approved the same day!
Can I shop around with other equipment financing companies as well?
What happens after I have been approved and I accept the offer?
There is a quick closing process to complete any required documents electronically, then funds are disbursed.