If you need financing to purchase tools, we may be able to help. It doesn’t matter if you have good credit or bad credit. Get an offer for the money that you need and then shop for your tools as a cash buyer. How much do you expect to need?
Fast Tool Financing
Online loans are a great way to finance your tool purchase for a number of reasons. Have a look at a few of these reasons.
Easier Approval
Store credit can be hard to get. Most retailers work with one lender and the credit qualifications can be hard to meet. If you have a few blemishes on your credit, you could be left out in the cold, without the tools that you need.
Online lenders are more likely to approve you if you have less than perfect credit. Many even specialize in financing for bad credit. In addition, there are far more lenders online to work with. More lenders means more chances of getting an approved offer from one of them.
Shop With Cash
If approved for a tool loan from one of our lenders, they will deposit money directly into your bank account. This means that you will be a cash buyer and that comes with a lot of advantages.
With cash in hand, you can shop any store that you like. This allows you to get the exact tools that you want and gives you the ability to price shop. What could be better than getting the perfect tool at the lowest price?
Cash also allows you to shop the used market. While you should be careful buying power tools used, there are a number of high quality and lightly used tools on the market. Buying used can allow you to save hundreds of dollars on your purchase.
Convenient & Fast
Everything is faster on the internet. Would you rather go into a store and apply in person or do it all online? Obviously, the online route would be faster and much more convenient. If you are worried about your credit, i also saves you the potential embarrassment of an in person denial.
Get Your Tool Financing Offer
Getting an offer for tool financing is simple and it only takes a few minutes of your time. Here is how the process works.
Fill Out Your Loan Quote Form
First, we will need you to fill in your information. Just use the form at the top of the page which is both brief and secure.
Start by entering in how much you need for tool financing. Remember, your lender will deposit money directly into your bank account, so you need to come up with a dollar amount. Be sure to include money for any tool accessories that you might need.
Once you have your amount, enter in some basic information about yourself and your income. Then hit the submit button to get your decision.
Get An Offer
If approved for a tool loan, one lender from the lending group will make you an offer. To view the offer, you will be redirected to their website.
Now is the time to slow down and review all of the details of the loan. Make sure that you fully agree to the terms of the loan and that you understand everything that is being presented to you. If you have questions, ask your individual lender. We will not have access to your loan details and will not be able to assist you.
If you like the terms of the loan, you can agree to it and your lender will get you the money you need just as soon as possible.
Get Your Money
You may be able to get your money as soon as the very next business day. It will be electronically deposited into your account and usually available for immediate use.
Once you have your money, you can spend it as you please. Your lender is essentially making you a personal loan, so you can use it how you like. If you want to buy a new table saw, do so. If you need a new set of mechanic’s tools, knock yourself out.
Frequently Asked Tool Financing Questions
By now, you might have a few questions about things that we have not covered. Here are the most common questions that we hear.
Will you run a credit check?
We are not lenders and do not make credit decisions. What we do is get you access to a third party lender network. Lenders with this network will generally run a credit check either with the big three credit bureaus (Experian, Equifax, Trans Union) or an alternative system.
How much can I borrow?
This will be up to your lender and your credit qualifications. You can request up to $50,000 using the quote form on this page. Be sure to only ask for a loan in an amount that you need and that you can afford to pay back.
When will I get my money?
Your lender will try to get you the money from your loan ASAP. This may be as soon as the next business day. Check with your individual lender for clarification on when you will receive your loan funds.
Where can I buy my tools?
Your lender will be making you a personal loan with funds deposited directly into your bank account. This means that you can buy your tools from any dealer or store that you like. Use this ability to get the best price and to find the best tools for you and your needs.
What if I do not like the offer?
There is no commitment in just getting a loan offer. If you do not like the details of your loan, simply walk away and find another way to finance your tools.