How long does approval take?

Most credit decisions are made within hours, and larger deals may take one to two business days. Funding can occur the same day: after approval the documents are sent for electronic signature, and funds are released once they are signed.

What credit score is needed to qualify?

The company says it considers a wide range of credit profiles and that a score of 600 or above is typically sufficient, alongside business history and revenue. Pre-approvals use a soft credit pull with no impact, and a hard pull may be required to finalize the financing.

Can used equipment be financed?

Yes. Used equipment must meet certain conditions and valuation standards. Equipment can be bought from any reputable dealer, vendor or manufacturer, and a down payment is often not required, though a small upfront payment may secure better terms.

Equipment financing

Navitas Credit Corp

Navitas Credit Corp is an equipment finance company and a United Community company, based in Ponte Vedra, Florida. It finances new and used commercial equipment for businesses nationwide, working directly with owners and through equipment vendors, dealers, originators and referral partners.

Transactions run from 5,000 to 5 million dollars, across healthcare and medical, industrial and construction, robotics and automation, technology and software, commercial office furniture, vehicles, security systems and other equipment. Most credit decisions are made within hours and larger deals within one to two business days, with funding possible the same day. An application and basic business details are usually enough; larger transactions may require financials or tax returns.

Rates are fixed and terms run 12 to 60 months. The company says it supports a wide range of credit profiles including start-ups and sole proprietors, that a score of 600 or above is typically sufficient, and that pre-approvals use a soft credit pull while a hard pull may be needed to finalize. Early payoff is always allowed, with a possible discount or minimal fee depending on the agreement. Payments are usually automatic monthly withdrawals, and invoices, payment history and account details are available through a customer portal.

Navitas reports over 15 years in business, 6.8 billion dollars of total financing provided and more than 100,000 small businesses served, and it has been recognised by Monitor Daily since 2015. Rates are not published and credit is subject to approval, so get a written quote showing the term, the payment and the total of payments.

Best for

Operators and equipment vendors financing equipment from about 5,000 dollars upward, including start-ups and thinner credit profiles a bank would decline. Not a source of real estate loans or general working capital.

What they do

Equipment loans and leases
Vendor and dealer financing programs
New and used equipment financing
Start-up equipment financing programs
Application-only approvals for smaller transactions
Originator and referral partner funding programs

Details

Attribute	Value
Ownership	Subsidiary
Other offices	Columbia, SC, Mount Laurel, NJ, Parsippany, NJ, Duluth, GA, Grand Island, NE, Concord, MA
Licenses	California Financing Law license no. 60DBO-183060, NMLS ID 1486467

What stands out

Reports 6.8 billion dollars in total financing provided and more than 100,000 small businesses served.
Finances transactions from 5,000 to 5 million dollars.
Reports over 15 years in business and recognition by Monitor Daily since 2015.
Offers fixed rates with terms of 12 to 60 months, and allows early payoff.
Lists offices in South Carolina, New Jersey, Georgia, Nebraska and Massachusetts as well as Florida.

Common questions

How long does approval take?: Most credit decisions are made within hours, and larger deals may take one to two business days. Funding can occur the same day: after approval the documents are sent for electronic signature, and funds are released once they are signed.
What credit score is needed to qualify?: The company says it considers a wide range of credit profiles and that a score of 600 or above is typically sufficient, alongside business history and revenue. Pre-approvals use a soft credit pull with no impact, and a hard pull may be required to finalize the financing.
Can used equipment be financed?: Yes. Used equipment must meet certain conditions and valuation standards. Equipment can be bought from any reputable dealer, vendor or manufacturer, and a down payment is often not required, though a small upfront payment may secure better terms.