Home > Applying for Financing > Online Application FAQs > I’m pre-qualified or pre-approved for equipment financing. So why can’t I apply for a Working Capital Loan?

I’m pre-qualified or pre-approved for equipment financing. So why can’t I apply for a Working Capital Loan?

Possibly. Unfortunately, based on the information we available to us, sometimes your business is not eligible for our working capital loan product. You can apply for equipment financing if you are planning to purchase any equipment that can be financed. If you find that you are unable to apply for our working capital loan and would like to provide additional / updated information on your business for us to evaluate your eligibility for a Working Capital Loan, please call us at 1-877-318-6756.

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Who can apply?

Businesses of all types are eligible to apply for financing with us. Our commercial customers includ...

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What do I need to apply?

PEAC Solutions' online application is a simple application. You can apply in less than five minutes....

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What are your qualifications for approval?

PEAC Solutions has programs available for a wide variety of credit types including well-established ...

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What are your rates?

The rate you get approved for is subject to a combination of factors, including but not limited to: ...

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How long does it take to get financing from PEAC Solutions?

Once you apply, PEAC Solutions will typically notify you or your dealer about your approval after 2-...

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Can I finance multiple pieces of equipment (or software, etc.) at one time?

We can finance your entire purchase, regardless of how many items you need to buy. Use the slider on...

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What else can I finance besides my equipment?

You can bundle in additional costs such as installation, extended warranty and delivery as part of y...

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Do you provide financing to startups?

We typically require companies to be in business for at least two years to receive a Working Capital...

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How is my quote calculated?

The estimate you see after using our calculator is based on an average credit rating. When you actua...

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Will my final monthly payment be different from my quote?

The quote is meant to give you an idea of what your monthly payments could be. When you apply, othe...

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When would my bill be due?

Generally speaking your first invoice generates due 23 days after your documentation is complete. Ot...

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What’s the difference between pre-approved and qualified offers?

Both pre-approved and pre-qualified offers are based on your business’ prior history with PEAC Sol...

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Why is my pre-qualified offer larger than my pre-approved offer?

Pre-qualified offers are an initial estimate of the amount of financing we expect to be able to prov...

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How short or long are your payment terms?

Our terms typically range 24-60 months for our equipment financing solutions. Our Working Capital Lo...

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When would I receive my equipment (or software)?

PEAC Solutions’ entire process can take less than a day. However, we only cover the financing part...

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