Equipment Financing
Fund the truck, the oven, the lift, or the machine without draining the account that runs your business. The equipment itself secures the deal, which keeps rates down and approvals practical.
At a glance
The equipment pays for itself while you pay for it
Equipment financing funds a specific purchase: vehicles, kitchen equipment, medical devices, manufacturing machines, construction gear. The lender pays the vendor, you take the equipment, and you repay in fixed monthly installments over two to five years.
The equipment is the collateral. That is what makes this the most approachable product for credit-challenged files making an essential purchase. The lender's risk lives in the asset, not just your score.
New and used both qualify. Used equipment from a dealer or at auction is routine, and titled vehicles are the simplest deals in the category.
Worth knowing
- Section 179: equipment placed in service this year may be fully deductible this year. Confirm the specifics with your accountant, the savings are often substantial.
- Soft costs: delivery, installation, and training can usually be rolled into the financed amount.
- Down payment: many deals fund 100% of the equipment cost; softer files may see 10% down.
- You own it: at the end of the term the equipment is yours outright. This is financing, not a lease trap.
| Equipment cost | $80,000 |
| Amount financed | Up to $80,000 |
| Term | 48 months |
| Payment | Fixed monthly |
| Collateral | The truck |
| Ownership at payoff | Yours, free and clear |
Have a quote from a vendor?
Send it with your application. A specific equipment quote makes underwriting faster and often improves the terms.
Start your applicationWho it's for, honestly.
A good fit if you
- Are buying a specific piece of revenue-producing equipment
- Want to keep cash reserves intact for operations
- Have bruised credit but a solid purchase, the asset carries the deal
- Want the tax treatment of ownership rather than a lease
Look elsewhere if you
- Need general cash, not a purchase, that's working capital territory
- Plan to replace the equipment before a multi-year term ends
- Are buying from a private seller with no paper trail, some funders decline these
- Need the gear tomorrow, titled deals take a few days to paper
What you'll need.
Equipment quote or invoice
From the vendor, dealer, or auction house, with the equipment described and priced.
6+ months in business
Startups considered case by case when the equipment and the operator are strong.
580+ FICO
The asset does the heavy lifting. Below 580, expect a down payment to bridge the gap.
Equipment financing FAQ.
Get the equipment. Keep your cash.
Send the quote, we handle the rest. Vendor paid in days.