Business Equipment Loans in Groton, CT
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 Groton, CT, our equipment loans help businesses transform their ideas into reality. From farms to factories, we provide the support you need to expand without the weight of financial strain.
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 Groton Equipment Loans
Looking to fund your business growth? StartCap offers various loan options to fit your needs, including secured loans and lines of credit, giving you the financial flexibility to expand without limits.
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 Groton or nationwide.
Here's a truck load of stuff to get kicked off
Find Business Equipment Loans
Near Groton, CT
From Groton to the surrounding areas, our equipment loans are available to support businesses of all types. Whether you’re expanding or upgrading, we’ve got you covered with flexible financing options. From New London to Storrs and beyond, we've got you covered.
Equipment Loan FAQ's
Groton, CT, with its maritime heritage and Electric Boat submarine manufacturing history, presents unique challenges for local business owners seeking equipment financing. Small enterprises in New London County often struggle to secure the right funding for specialized machinery and technological upgrades.
Here are a few local suggestions:- Chelsea Groton Bank at Thames Street & Broad Street
- Ocean Community Bank at Route 1 & Shennecossett Road
- Mystic Credit Union at Poquonnock Road & Bridge Street
- New England Federal Credit Union at Gold Star Highway
StartCap provides specialized equipment loans tailored for founders in manufacturing, marine technology, and industrial sectors. Local business owners might find comprehensive solutions through targeted financial partnerships that understand the specific equipment needs of Connecticut's dynamic business ecosystem.
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 Groton, 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 Groton, 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.
Business owners in CT seeking equipment financing have multiple options across various industries. From New London County's fishing vessels to Groton's manufacturing workshops, loans cover essential machinery like restaurant ovens, agricultural tractors, construction excavators, and precision manufacturing tools critical for operational success.
Local financial institutions and specialized lenders understand regional economic needs, offering flexible terms for purchasing new or used equipment. Startup founders and established businesses in southeastern Connecticut can explore traditional bank loans, SBA equipment financing, and alternative lending platforms tailored to specific industry requirements.
