Business Equipment Loans in Novi, MI
Equip your rocket with tools, vehicles, inventory, even
excavators. Anything you need to stay in orbit
You Have The Skills, Now Get The Tools
In Novi, MI, we offer equipment loans tailored to businesses of all types. From restaurants to repair shops, our solutions ensure you have the tools to transform your goals into tangible success.
Huge Loan Amounts
Get the equipment financing you need, from small upgrades to large investments, tailored to your needs.
Flexible Repayment Terms
Select repayment plans that fit your business's budget, with terms designed for long-term success.
Fast Application Process
Apply quickly and easily, with minimal paperwork and fast approval to meet your business needs.
Not Just Novi Equipment Loans
StartCap provides a wide variety of loan options to meet your business’s needs, including secured loans and lines of credit. We’re here to help you find the right financing solution for your goals.
From idea to orbit, we've got you covered.
No matter where you're at in your journey, we have options to help you get to the next level.
Idea-Stage
Got a brilliant idea and ready to launch? We’ll help you get registered with your state and secure the funding you need to take off.
Early-Stage
Lifting off can be tough, but it doesn’t have to be. We’re here to give your new venture the boost it needs to soar.
Well-Established
Keep operations running seamlessly with the right funding for vendors, inventory, payroll—whatever your business needs to stay on course.
+ 3-Months of Free Digital Marketing
For a limited time, our expert in-house marketing team is offering 3 months of premium marketing services—valued at $20,000—to help drive leads and sales for your start-up, whether you're in Novi or nationwide.
Here's a truck load of stuff to get kicked off
Find Business Equipment Loans
Near Novi, MI
If you're looking for equipment loans in Novi you're in the right place! Our services extend to nearby cities, offering businesses the financing they need to reach new heights. From Northville to Westland and beyond, we've got you covered.
Equipment Loan FAQ's
Novi, MI, with its strategic location near Detroit and thriving commercial districts, offers multiple avenues for business equipment financing. Local founders seeking machinery or technology investments have several resource-rich options to explore within Oakland County's dynamic business ecosystem.
Here are a few local suggestions:- Chemical Bank at 10 Mile Road & Novi Road
- Lake Michigan Credit Union at Grand River Avenue & Novi Road
- First National Bank at Twelve Mile Road & Novi Road
- TCF Bank at Eight Mile Road & Haggerty Road
Local start-ups frequently turn to community banks and credit unions for equipment loans, recognizing the personalized service and understanding of regional economic conditions. StartCap provides additional financing alternatives for businesses looking beyond traditional lending institutions in Michigan's competitive market.
Note: StartCap is not associated with the above lenders in any way. Contact your local branch for the most accurate information & requirements.Interest rates for equipment loans in Novi, can vary widely based on the lender, loan type, and your personal credit profile. Traditional banks typically offer rates between 6% to 12% for well-qualified borrowers, though approval can be strict. SBA loans in Novi, which are popular for new businesses, generally have rates ranging from 7% to 13%, depending on the loan program. Alternative and online lenders may have higher rates, often between 6% to 30%, as they take on more risk, offer more flexible requirements, and time to funding is much faster.
No, you don't even need to be registered with your state to receive funding. In most cases we can either help you get registered with your state or find alternatives that depend more on personal credit, income or assets.
Equipment financing in Novi, MI covers a wide range of machinery and tools critical for business growth. Local operations across Oakland County can secure loans for restaurant kitchen equipment, agricultural machinery, construction vehicles, manufacturing tools, medical devices, and technology infrastructure.
Founders seeking financial support for business expansion have multiple options beyond traditional bank loans. StartCap offers competitive equipment financing solutions tailored to Michigan businesses, providing flexible terms and competitive rates for new start-ups and established enterprises in the Greater Detroit metropolitan area.
