$10K - $5M
Equipment Financing
Acquire machinery, vehicles, technology, or any business-critical equipment with financing that uses the asset itself as collateral.
Equipment Financing
$10K - $5M
Overview
Equipment financing lets you acquire the machinery, vehicles, technology, or specialized tools your business needs without depleting cash reserves. The equipment itself serves as collateral, which means qualification is often based more on the asset's value than your credit history alone. We work with lending partners who finance up to 100% of the equipment cost, with terms matched to the asset's useful life — so you're not paying for equipment long after it's stopped generating value.
Key Features
- Equipment serves as collateral
- Up to 100% of equipment value financed
- Fixed payments over the asset's useful life
- Potential tax benefits through depreciation
Funding Range
$10K - $5M
Category
Asset-Based Funding
Convert your business assets into the capital you need today.
Ready to get started?
Apply once and we will match you with the best options for your business.
Start ApplicationStep by Step
How Equipment Financing works
Identify the equipment you need
Whether it is new or used, tell us what you are purchasing, the vendor, and the cost. We can work with any equipment type — vehicles, machinery, technology, medical devices, and more.
Submit your application
Provide basic business information and the equipment details. Because the asset itself serves as collateral, the underwriting process focuses on the equipment's value alongside your business profile.
Receive financing offers
We present matched offers with fixed monthly payments, terms aligned to the equipment's useful life, and total cost breakdowns so you can compare clearly.
Get the equipment and start using it
Once you accept an offer, the lender pays the vendor directly or reimburses your purchase. You start using the equipment immediately while making predictable monthly payments.
Why Choose This Product
Built for growing businesses
Preserve Cash Reserves
Keep your working capital intact for operations while financing the equipment you need to grow.
Asset-Backed Approval
The equipment itself is the collateral. This means easier qualification and competitive rates.
Tax Advantages
Section 179 deductions and depreciation may allow you to write off the full cost in the year of purchase.
Eligibility
Who qualifies for Equipment Financing
- Minimum 500 credit score
- At least 4 months in business
- Minimum $5,000 in monthly bank deposits
- Equipment must have a clear fair market value
- Both new and used equipment eligible
- Most industries and equipment types qualify
Real-World Scenarios
Common use cases
A restaurant owner finances $80K in commercial kitchen equipment — ovens, refrigeration, and prep stations — paying it off over 48 months from increased seating capacity and catering revenue.
A trucking company acquires three new Class 8 trucks at $150K each, using the vehicles as collateral and matching payments to the contracts they enable.
A medical practice finances $200K in diagnostic imaging equipment, taking advantage of Section 179 to deduct the full cost in the purchase year.
Compare
Equipment Financing vs. alternatives
Equipment financing differs from a term loan because the equipment itself secures the loan, which typically means easier approval and potentially lower rates. Unlike SBA loans, equipment financing closes much faster — days rather than weeks — though SBA 504 loans can offer better long-term rates for larger purchases. For businesses that prefer to lease rather than own, equipment leasing is an alternative, but financing lets you build equity in the asset.
Frequently Asked Questions
Common questions about Equipment Financing
Most programs start at a 500 minimum credit score. Because the equipment serves as collateral, credit requirements are often more flexible than unsecured loan products. Higher scores unlock better rates and terms.
Most equipment financing applications receive a decision within 24-48 hours. Funding typically follows within 1-3 business days after you accept an offer, depending on vendor payment coordination.
Standard requirements include business bank statements, a government-issued ID, and a quote or invoice for the equipment. Larger purchases may require business tax returns or financial statements.
Yes. Both new and used equipment qualify for financing. The key factor is the equipment's fair market value, which determines the maximum financing amount. Some lenders specialize in used equipment and can offer competitive terms.
Yes. Businesses with at least 4 months of history and $5,000 in monthly deposits can qualify. The strength of the equipment as collateral helps offset limited business history.
No. The initial inquiry is a soft credit pull. A hard pull only occurs if you decide to proceed with a specific offer from a lender.
Related Funding Options
Explore similar products
More in Asset-Based Funding
Not sure which product is right?
Apply once and we will match you with the products that fit. Or reach out and talk to our team directly.