Frequently Asked Questions
Clear answers about approvals, rates, credit, and timelines so you can move forward with confidence.
Yes, financing equipment can offer tax benefits. Under Section 179 of the IRS tax code, you may be able to deduct the full purchase price of qualifying equipment financed during the tax year. We recommend consulting with a tax advisor to understand the specific benefits for your business.
Learn more about Section 179The required documentation may vary, but generally, you will need to provide a completed credit application and information about the equipment you wish to finance for transactions up to $350,000. Additional documentation may be required based on your specific situation, time in business, industry or requested amount.
Yes! Startups can qualify for equipment financing. While traditional lenders may have stricter requirements, Vitality Finance specializes in providing funding solutions for businesses at all stages, including startups.
No, our financing programs are designed for commercial purposes and do not report to your personal credit. Your financing history may report to commercial credit providers such as Equifax Business and PayNet, allowing you to build strong business credit and ensuring that your business credit history remains separate from your personal credit profile.
No, applying will not impact your credit. We conduct a soft credit inquiry during the application process, which does not affect your credit score. A hard pull may be performed if you accept the terms of the approval. You will always be notified and Vitality Finance will gain consent from you prior to any credit inquiries.
We provide same-day approvals on most applications, and once approved, we can typically fund your equipment within 24-48 hours.
Interest rates at Vitality Finance are influenced by various factors, including your business's strengths, credit profile, time in business, equipment type, funding type, and current market trends. We offer rates as low as 6.99% for highly qualified borrowers. We provide transparent financing with fixed monthly payment options so you know your exact costs upfront.
Vitality Finance offers financing options for both good credit or bad credit. Our knowledgeable team will take a deeper dive into your credit profile and gain an understanding of your business and the underlying factors that are affecting your credit to find the financing program that is right for your business.
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Victoria, TX 77904
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