Business Equipment Loans in Peabody, MA
Equip your rocket with tools, vehicles, inventory, even
excavators. Anything you need to stay in orbit
You Have The Skills, Now Get The Tools
Our equipment loans in Peabody, MA, are the stepping stones to success. Let’s provide the tools and resources your business needs to shine in your industry and beyond.
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 Peabody Equipment Loans
Whether you’re upgrading equipment or managing cash flow, StartCap’s loan options, including secured loans and lines of credit, are designed to meet your needs. Let us help you find the right solution for your business.
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 Peabody or nationwide.
Here's a truck load of stuff to get kicked off
Find Business Equipment Loans
Near Peabody, MA
In addition to Peabody we offer equipment loans to businesses in nearby cities. Our financing solutions are tailored to meet the unique needs of each business, big or small. From Salem to Reading and beyond, we've got you covered.
Equipment Loan FAQ's
Peabody's industrial heritage and dynamic business environment create opportunities for local founders seeking equipment financing. Equipment loans provide critical support for Massachusetts businesses looking to upgrade machinery, technology, and operational infrastructure in Essex County's competitive marketplace.
Small business owners frequently encounter funding challenges when acquiring necessary equipment. Researching local lending options helps founders identify financial solutions tailored to their specific operational requirements and growth strategies.
Here are a few local suggestions:- Enterprise Bank at Newbury Street & Washington Street
- Salem Five Bank at Lowell Street & Lynn Street
- North Shore Bank at Andover Street & Peabody Square
- Coastal Bank at Lynnfield Street & Main Street
- Eastern Bank at Tremont Street & Margin Street
- TD Bank at Peabody Square & Central Street
Interest rates for equipment loans in Peabody, 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 Peabody, 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 Massachusetts seeking equipment financing have numerous options for acquiring essential machinery. From construction vehicles in Essex County to restaurant kitchen equipment in downtown Peabody, equipment loans cover diverse industry needs like agricultural machinery, medical devices, and manufacturing tools.
Local founders can leverage financing for specialized equipment through various lenders, including traditional banks and alternative funding sources. StartCap offers competitive solutions for new business owners, though exploring multiple financing channels helps determine the most suitable arrangement for specific operational requirements in the Greater Boston region.
