Business Equipment Loans in Prior Lake, MN
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 Prior Lake, MN, 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 Prior Lake Equipment Loans
From lines of credit to secured loans, StartCap offers a range of financing options that fit your business’s needs. Let us provide the support you need to grow and succeed in a competitive market.
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 Prior Lake or nationwide.
Here's a truck load of stuff to get kicked off
Find Business Equipment Loans
Near Prior Lake, MN
Whether you're in Prior Lake or a neighboring city, our equipment loans provide the financial support your business needs. Let us help you get the resources to succeed. From Savage to Chanhassen and beyond, we've got you covered.
Equipment Loan FAQ's
Prior Lake, MN stands out as a dynamic community where business equipment financing requires strategic exploration. Founders seeking equipment loans have multiple avenues to investigate across Scott County's economic landscape. Local business owners benefit from understanding regional lending opportunities tailored to their operational needs.
Here are a few local suggestions:- First National Bank at County Road 21 & Mystic Lake Drive
- SPIRE Credit Union at Highway 13 & Institutions Lane
- U.S. Bank at Southpoint Drive & Baker Street
- Shakopee Community Bank at Highway 169 & County Road 42
- Prior Lake State Bank at Glenwood Avenue & Main Street
- Minnesota Valley Credit Union at Westgate Road & Commerce Drive
StartCap represents a potential resource for equipment financing, offering comprehensive solutions beyond traditional banking models. New business owners should compare multiple lender options, reviewing interest rates, terms, and specific equipment loan requirements before making final decisions.
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 Prior Lake, 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 Prior Lake, 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 Prior Lake, MN covers a wide range of business machinery and tools. Local founders can secure loans for restaurant kitchen equipment, agricultural machinery, construction vehicles, medical devices, technology systems, and manufacturing tools across Scott County's diverse business landscape.
Local banks and alternative lenders like StartCap offer flexible equipment financing solutions for new businesses. Specific options might include commercial ovens, tractors, excavators, computer networks, medical diagnostic machines, and specialized industry-specific equipment for enterprises throughout Minnesota's growing business ecosystem.
