Down payments will be dependent on a variety of factors, including:
- Time in business
- Overall business credit
- Personal credit
These are the three main items a lender will look into when determining the details of your loan. Down payments can range from no money out of pocket to 20 percent down (or more) depending on the overall profile of the applicant. Applying for financing early in the buying process can help you estimate your potential down payment. This helps eliminate guesswork and can help you avoid surprises prior to finalizing your purchase.