Business Equipment Loans in Mattoon, IL
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 Mattoon, IL, our equipment loans are tailored for businesses aiming for growth. Whether you’re investing in new tools or upgrading systems, we’ll help you reach the next level.
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 Mattoon Equipment Loans
StartCap offers a variety of loan solutions to meet the unique needs of your business. Whether you’re looking for a secured loan or a line of credit, we’re here to help you achieve your financial 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 Mattoon or nationwide.
Here's a truck load of stuff to get kicked off
Find Business Equipment Loans
Near Mattoon, IL
Along with Mattoon we proudly offer equipment loans to businesses in surrounding cities. No matter where you are, we’re here to help you secure the tools you need for success. From Charleston to Champaign and beyond, we've got you covered.
Equipment Loan FAQ's
Mattoon, IL sits in the heart of Coles County, where local businesses seek equipment financing solutions amid agricultural and manufacturing landscapes. Small business owners often search for reliable lending sources to support growth and equipment acquisition strategies.
Here are a few local suggestions:- First Mid Bank at Broadway Avenue & Charleston Avenue
- Midland States Bank at 1st Street & Western Avenue
- Coles County State Bank at Douglas Street & Lincoln Avenue
- First National Bank at Jefferson Avenue & 17th Street
- National City Bank at Marshall Avenue & 9th Street
StartCap offers comprehensive equipment loan options for Illinois businesses, understanding the unique financial requirements of local start-ups and established enterprises. Regional lenders provide tailored solutions that address specific equipment financing needs across different industry sectors.
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 Mattoon, 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 Mattoon, 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 Mattoon, IL covers a wide range of business machinery needs for local start-ups and established companies. From agricultural tractors serving Coles County farms to restaurant kitchen appliances and construction vehicles, businesses can secure loans for essential operational equipment.
Local business owners seeking financing options might explore restaurant ovens, irrigation systems, commercial trucks, manufacturing machinery, and technology infrastructure. While multiple lending institutions serve the Illinois region, selecting the right financial partner requires careful comparison of interest rates and loan terms specific to your business requirements.
