BSB Leasing Equipment Financing Review

BSB Leasing Equipment Financing is a business financing offering by BSB Leasing, Inc, based in Littleton, CO. Founded in 2000, BSB Leasing, Inc offers access to business loans in 50 states (and Washington, DC).

What are BSB Leasing Equipment Financing’s rates?

BSB Leasing Equipment Financing offers a business financing product that ranges from 0% APR up to 70% APR.

Does BSB Leasing Equipment Financing charge an origination fee?

Yes, BSB Leasing Equipment Financing charges a loan origination fee.

What limitations does BSB Leasing Equipment Financing set on the purpose of the loan?

BSB Leasing Equipment Financing considers loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Hiring
• Inventory
• Lease Improvement
• New Location
• Payroll
• Product or Service Expansion
• Technology Investment
• Working capital

What types of business loans does BSB Leasing Equipment Financing offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. BSB Leasing Equipment Financing provides access to the following business loan types:

• Secured Term Loans
• Merchant Cash Advances

Does BSB Leasing Equipment Financing charge prepayment fees?

Yes, BSB Leasing Equipment Financing charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow from BSB Leasing Equipment Financing?

Loan amounts start at $5,000 and go up to $500,000.

What is the maximum loan term you can get with BSB Leasing Equipment Financing?

BSB Leasing Equipment Financing offers business loans with terms ranging from 1 to 84 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for BSB Leasing Equipment Financing?

BSB Leasing Equipment Financing does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

When it comes to credit scores, BSB Leasing, Inc doesn't have a set minimum or maximum. People with all types of credit can apply.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the BSB Leasing Equipment Financing product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by BSB Leasing Equipment Financing. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Proof of identity

What is the estimated funding time for a business loan via BSB Leasing Equipment Financing?

BSB Leasing Equipment Financing can approve (or deny) a loan application within 48 hours and fund business loans within 2 business days of approval.