Allied Electronics has partnered with APPROVE to provide you with customized financing options that fit your unique needs. Our 60-second application connects you with best-fit lenders in the APPROVE network, ensuring you receive the best offers available. Apply now to equip your business with the tools you need.
Our network of top lenders ensures you receive the most competitive rates and terms available.
Our advanced tech and expert support team guide you in selecting your optimal financing options.
Secure fast approvals and funding to take action on business opportunities without delay.
Finance on your terms while building your business credit, keeping personal assets protected.
Leverage Section 179 to deduct the full cost of financed equipment and offset interest rates.
Get the equipment and funding you need to grow while maintaining healthy cash reserves.
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How many lenders receive my application?
APPROVE's large network of lenders is constantly growing, however, our technology matches your application with the lender(s) most likely to offer you the best rates based on your business type and credit profile. If more than one lender is a good fit for your business and credit profile, you may receive competing offers to compare.
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How does this affect my credit?
There is no impact to your personal credit, unless a personal guarantee is required. Personal guarantees will have an inquiry on their credit by some lenders. Because these credit inquiries happen in a short timeframe, and for the same products, credit bureaus recognize them as part of a normal shopping process and will view them as a single credit inquiry by lenders.
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How long does the application process take?
Established businesses with strong commercial credit can be approved instantly. If lenders need additional information from you, the quicker you provide the required information the sooner a decision will be made. It's not unusual for decisions to be made within hours, once the necessary information has been gathered.
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Can I obtain financing if I intend on using the equipment for personal use?
Equipment financing is available to any business or organization that qualifies, including corporations, partnerships, LLCs, sole proprietorships and non-profits. Equipment financing is not available to consumers who desire to use the equipment only for personal use.
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What is the average cost of financing?
The cost of financing can vary greatly depending on many different factors, including your business credit, industry, time-in-business and additional guarantees that may be pledged. Generally, equipment financing ranges from a 5% to 25% equivalent APR. That said, our approach to using a network of lenders assures you will achieve the lowest cost of financing possible.
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Is equipment financing available outside the United States?
Currently, equipment financing is only available to companies based in the United States and who intend to keep the equipment in the United States.
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What is the minimum value of equipment I can finance?
The minimum value of equipment that can be financed is $1,500. On the other hand, there is no maximum amount and our lender network can offer competitive rates on equipment values into the millions.