Up to $5M
Loan Amount
From 7%
Interest Rates
1–7 days
Funding Speed
2–7 years
Repayment Terms
How does equipment financing work?
With equipment financing, you borrow the funds to purchase business equipment and repay over a fixed term — typically 2–7 years. The equipment itself serves as collateral, so additional business or personal collateral is usually not required.
This makes equipment financing one of the most accessible forms of business credit. Even newer businesses and those with imperfect credit can qualify because the lender can repossess the equipment if payments stop.
Key Benefits
- Equipment serves as collateral
- Preserve working capital
- Potential tax benefits (Section 179)
- Fast approval and funding
Requirements
Meet these basic qualifications to get started. Don't meet every requirement? Our advisors can help find alternatives.
How to apply
Quick Application
Fill out our simple inquiry form. Tell us about your business, goals, and financial profile in just 5 minutes.
Discovery Call
Speak with a funding specialist who will learn about your needs and craft a personalized funding strategy.
Meet Your Advisor
Work one-on-one with your dedicated advisor through onboarding, credit optimization, and the funding process.
Get Funded
Execute your funding strategy with expert guidance and receive the capital your business needs to grow.
Frequently asked questions
Yes. Most lenders finance both new and used equipment, though used equipment may come with slightly higher rates or shorter terms depending on age and condition.
Section 179 of the IRS tax code lets businesses deduct the full purchase price of qualifying equipment financed in the current tax year. Consult your accountant to confirm eligibility.
Down payments of 10–20% are common but not always required. Strong credit and business financials can often qualify you for 100% financing.
Explore similar funding options
Ready to get funded?
Take the first step toward the capital your business needs.