Metro Finance Commercial Finance Agreement
Equipment financeSecured
Flexible finance designed for businesses to purchase vehicles and equipment, offering tailored repayment options to suit individual business requirements.
- Establishment fee
- Not published
- Monthly fee
- Not published
- Borrow
- $10,000 to $1,000,000
Interest rate a year, from
Not published
Loan details
Rates
- Interest rate (a year)
- On application
- Rate type
- Not published
- Security
- Secured
- Type of finance
- Equipment finance
Limits and fees
- Loan amount
- $10,000 to $1,000,000
- Loan term
- 2 years to 5 years
- Establishment fee
- Not published
- Monthly fee
- Not published
How it compares
Against the other secured business loans we compare. Typical means the middle half of them.
Most you can borrow
$1,000,000
Typically you can borrow up to $1,000,000.
Longest term
5 years
6 years is the usual longest term.
Pros and cons
Pros
- No early repayment fee listed. You can pay the loan off early, or refinance, without a penalty. Check the terms to be sure.
Cons
- Secured against an asset. That usually keeps the rate down, but the lender can take the asset if you can't repay.