Our #1 Financing Question

“How much money do I have to put down?”


Our answer: $0.


On average, two thirds of the loans funded with the help of Priority One Equipment Finance are approved with no money down.

But getting a loan for your business isn’t always as cut-and-dry as we’d like it to be. There are many nuanced situations and characteristics that dictate if you can get a loan, what type of loan is appropriate, and what terms are associated with that loan.

One thing is always certain: you, as a business owner, want to maximize your money. That usually means you want to keep your cash, rather than spend it on something like a down payment. Thankfully, you often don’t have to put money down to secure a loan for your equipment. Lenders have several tactics for determining if you qualify for a $0 down payment. The two most frequent qualities we see lenders looking for are:

  1. At least 2 years in business, and

  2. A credit score at or above 700.

A combination of these two factors will mean you most likely qualify for a zero-cash-down loan, but as we mentioned at the top of this article, it’s no one-size-fits-all. Leveraging an F&I partner like Priority One to determine the best lender and terms for you will maximize your position for securing a loan with no money down.

Talk to one of our finance managers today to see what options work for your business.

Learn how Priority One can help your business grow.

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