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- FAQs
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Need cash for your business?
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Loans for any type of requirement, big or small.
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Low daily or weekly payments.
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Versatile use: For operating expenses, inventory, marketing, and more.
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Terms from 6–12 months.
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Fixed repayment terms, pay off at any time.
Why choose loan?
Access cash for your business, fast
Loans are ideal funding for when your business needs cash to keep operations running smoothly. Loans can be used for a variety of non-equipment expenses such as renovations, repairs, wages, marketing and unplanned emergencies.
If you’ve been in business for at least six months, you can qualify for a loan based on your current sales revenues.
Funds can be processed to your account in as little as 72 hours.
The most suitable option for renovations, inventory, repairs, marketing, or unplanned emergencies.
With EconoLease, term length options are available from 6-12 months, with fixed repayments that can be paid off at any time.
Working with EconoLease, you receive access to:
- A dedicated account manager
- Digital application and documentation
Let us tailor a solution for you
Talk to a hospitality financing consultant
Calculate your loan payments
Calculate your payments with our loan calculator
How financing with EconoLease works
It’s fast and easy to get started!
Apply for financing
Funding for $10,000 – $250,000+ is available with minimal documentation required.
Start your financing agreement
Once your funding is approved, simply select the term that best fits your needs and move forward with your financing agreement.
Receive your loan direct to your bank account
Once your agreement is signed, the funds will be deposited directly into your bank account- ready to use as needed to keep your business running smoothly.
Frequently asked questions
Your most-asked questions answered
All loans are subject to lender approval. Applications are typically processed within 72 hours. Once your contract is signed and accepted, funds are transferred to your bank account within 24 hours.
Loans require a minimum of six months of operations, as the approval amount is determined by revenue. If you’re a startup, check out our lease and Rent-Try-Buy solutions.
Working capital funds can be used for a variety of business needs—such as managing cash flow, purchasing inventory, covering payroll, handling unexpected expenses, or investing in growth. There are no restrictions on how you use the funds for your business.
Our fund is an unsecured financing solution, meaning no physical collateral is required. Approval is based on the health and volume of your business’s credit and debit card receivables.
A minimum personal credit score of 600 is required.
To qualify for a loan, your business must generate at least $100,000 in annual revenue.
Yes! If you choose to pay off your financing early, a 25% discount is applied to any remaining fees.
Not answered your questions?
Want to know more?
Get in touch and let's tailor a funding solution for your business