Term Loan
A lump sum repaid over a set period, at a rate that does not move.
- Amount
- $10,000 – $1,000,000
- Cost
- From 6%
The six programmes
Equipment Financing
The largest and the longest: up to $5M, over as much as seven years.
- Amount
- Up to $5,000,000
- Term
- 1 – 7 years
- Cost
- Up to 100% financed
- Funded in
- 48 hours
Equipment financing
How it works, and where it fits badly
Equipment financing pays for machinery, vehicles, point-of-sale systems or anything else the business runs on, new or used, and spreads the cost across the working life of the asset instead of taking it out of this quarter's cash. Up to the full purchase price can be covered.
The equipment itself secures the loan. That is why approval is quicker and broader here than on an unsecured programme of the same size — and it is the one place the phrase 'no collateral' on this site does not apply.
What it gives you
Why an owner takes this one
- New or used equipment, any industry
- Up to 100% of the purchase price financed
- The longest term Spark arranges
- Secured on the equipment rather than on the business
Apply
One application. 50+ lenders. Fifteen minutes.
About fifteen minutes. One application reaches 50+ lenders, costs nothing, commits nothing and leaves no mark on the owner's credit score.
Rather talk to somebody first? (844) 311-3511.
The six programmes
Where it sits among the six
Line of Credit
A revolving limit you draw against, repay, and draw against again.
- Amount
- Up to $1,000,000
- Cost
- From 4.5%
Short-Term Business Loan
Fast capital with a clear payoff date, measured in months rather than years.
- Amount
- $5,000 – $500,000
- Cost
- Weekly or daily payments
Working Capital Loan
Liquidity for payroll, rent, stock and the weeks that do not line up.
- Amount
- $10,000 – $500,000
- Cost
- Not published
Equipment Financing
The largest and the longest: up to $5M, over as much as seven years.
- Amount
- Up to $5,000,000
- Cost
- Up to 100% financed
Revenue-Based Funding
A sum against future card sales, repaid as a share of them.
- Amount
- $5,000 – $500,000
- Cost
- Not published
Revenue-based funding is not priced like the other five. It is bought at a discount on future sales rather than lent at a rate, which means settling it early does not make it cheaper — the amount repayable is fixed at the start. Any comparison that puts it beside an interest rate is comparing two different things, and the figure to ask for is the total repayable in dollars.
