2. Do You Only Work With New Equipment?

Nope! We finance both new and used machines, and we can even help with private party or auction purchases. Found the perfect deal? We’ll help make it yours.

3. What Do I Need to Apply?

We like to keep it simple. All we need is:

• A short credit app
• A copy of your ID
• A recent bank statement or financials
• Proof of Insurance
• The quote or invoice for the equipment

Once we have that, we’ll take care of the rest.

4. How Fast Can I Get Approved?

Super fast! Most approvals come back within one business day, and funding can happen within 1–3 days after that. More complex funding, such as multi-unit financing, may require more time to fund.

5. What Kind of Credit Do I Need to Qualify?

We work with a wide range of credit profiles — from excellent credit to folks who are still building theirs. We look at your whole story, not just your score.

6. How Much Can I Finance?

Our programs typically cover $25,000 up to $5 million, depending on your business and the equipment type. If you are looking for more than $5 million, please contact us.

7. How Long Are Your Loan Terms?

Loan and lease terms usually range from 12 to 60 months. We can customize payments to fit your cash flow or seasonal income.

8. Do You Offer Leases as Well as Loans?

Yes! With a loan, you own the equipment right away. With a lease, you can use it for a lower monthly payment and buy it later if you want. We’ll help you choose what fits best.

9. Do I Need to Put Money Down?

Not necessarily. Many of our customers qualify for zero down payment programs. We’ll walk you through what works best for your situation.

10. Can You Help if My Business is New?

Yes — we have programs built specifically for startups and newer businesses. Even if you’ve only been operating for a few months, we can help get your first machine financed.

11. Can I Refinance My Current Equipment Loan?

Yes, we offer refinancing to lower monthly payments or free up working capital using your current equipment as collateral.

12. Will This Loan Show up on my Personal Credit?

In most cases, your loan reports to business credit, not personal credit. We may do a quick check to verify eligibility, but your personal score isn’t affected long-term.

13. What Makes Your Company Different?

We’re not a call center — we’re a hands-on lending team that gets to know your business. You’ll work with a real person who’s responsive, transparent, and focused on helping you grow.

14. How Do I Get Started?

It’s quick and easy — just fill out our contact us form or give us a call. We’ll walk you through your options, answer your questions, and get you approved fast.

15. Why do I need insurance for heavy equipment?

Insurance protects your investment against unexpected risks such as theft, damage, accidents, or natural disasters. It ensures your business can keep moving without costly interruptions. If you have questions about Ring Finance's insurance requirements, please send an email to ringinvestments@ringpower.com.