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06-09-2025, 04:58 PM #1Member
Reputation points: 10
- Join Date
- Jan 2019
- Posts
- 43
Seeking Equipment Financing Against Owned Spa Equipment ($190K Value)
Looking to secure financing against fully owned spa equipment valued at $190K.
Equipment is in excellent condition and currently in use.
What’s typically required for submission on an equipment-backed deal like this?
Also open to lender recommendations that are active with this type of collateral.
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06-09-2025, 05:02 PM #2Senior Member
Reputation points: 136559
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 3,009
You need a loan app, 4 months business bank statements, original purchase orders, estimated FMV and auction value. Pictures include serial number if appropriate. Many equipment lenders can do this including my guy Tony at FinanceItForward. Let me know if you need a referral over.
Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
[email protected]
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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06-09-2025, 09:19 PM #3Member
Reputation points: 6577
- Join Date
- Feb 2025
- Posts
- 69
Steven is the man the most honest loyal guy out their for that purpose
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06-10-2025, 12:51 AM #4Senior Member
Reputation points: 136559
- Join Date
- Sep 2021
- Location
- Irvine, CA
- Posts
- 3,009
Here's his information if you need it:
Tony Borchello
Director of Commercial Lending
[email protected]
888-211-2192 Ext:700
949-424-7277Steve Benjamin
Professional Business Loans
522 Contessa
Irvine, CA 92620
[email protected]
https://probizloans.net/
Broker, Underwriter, general business loan expert
949.228.1050
@ 24 hour funding working capital loans
@ Term loans from 3 years to 10 years at 9.5% and up
@ Equipment financing up to 7 years
@ Property loans - Hard Money and traditional - Primary, Investment, commercial, land, fix and flip, construction.
@ SBA loans - 7A and 504.
@ Private money equity and debt for major investments
@ Personal Loans up to gross income from personal tax return.
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