BSB Leasing Equipment Financing Review

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

What are BSB leasing’s rates?

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

Does BSB leasing charge an origination fee?

Yes, BSB leasing charges a loan origination fee.

What limitations does BSB leasing set on the purpose of the business loan?

BSB leasing considers business 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 small business loans does BSB leasing offer?

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

• Secured Term Business Loans
• Merchant Cash Advances

Does BSB leasing charge prepayment fees?

Yes, BSB leasing charges additional fees to borrowers who pay off their small business 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 business loan early.

How much can you borrow from BSB leasing?

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

What is the maximum business loan term you can get with BSB leasing?

BSB leasing offers small 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 scores 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?

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