Equipment Financing
Fund the purchase of machinery, vehicles, technology, and other essential equipment. Repayment terms are structured to match the useful life of the asset, preserving your working capital.
Overview
What Is a Equipment?
Our Equipment Financing program enables businesses to acquire the machinery, technology, vehicles, and infrastructure they need to operate and grow without depleting cash reserves. We fund both new and used equipment across virtually all industries, from construction and manufacturing to healthcare and logistics. Financing amounts range from $15,000 to $5,000,000, with repayment terms of 12 to 72 months aligned to the expected useful life of the asset. The equipment itself serves as the primary collateral, which means qualification requirements are often more accessible than those of unsecured financing. Our funding advisors specialize in structuring terms that maximize your return on the equipment investment while keeping monthly obligations manageable.
Key Features
- Financing amounts from $15,000 to $5,000,000
- Terms from 12 to 72 months matched to equipment lifespan
- New and used equipment eligible across all major industries
- Equipment serves as collateral, reducing qualification barriers
- Fixed monthly payments for straightforward financial planning
- Potential tax advantages under Section 179 deduction
Process
How It Works
Identify Your Equipment
Determine the equipment you need and obtain a quote or invoice from the vendor. Our advisors can also help you evaluate whether purchasing, leasing, or financing is the most cost-effective approach for your situation.
Submit Your Application
Provide the equipment quote alongside your standard business application and recent bank statements. For larger financing requests, additional documentation such as financial statements may be required.
Approval & Term Structuring
Our underwriting team reviews your application and structures repayment terms that align with the equipment's useful life and your revenue capacity. Approvals for standard requests are typically issued within 48 hours.
Funding & Acquisition
Once approved, we coordinate payment directly to the equipment vendor or reimburse you if the purchase has already been completed. You begin making fixed monthly payments according to the agreed schedule.
Benefits
Why Choose a Equipment?
Preserve working capital by spreading the cost of equipment over its useful life
Fixed monthly payments eliminate uncertainty in your expense forecasting
Equipment collateral often results in more favorable terms and higher approval rates
May qualify for Section 179 tax deductions, reducing your effective cost of acquisition
Acquire revenue-generating assets immediately rather than waiting to save sufficient cash
Eligibility
Qualification Requirements
- Minimum 6 months in business (startups considered with strong personal credit)
- At least $10,000 in average monthly revenue
- Valid quote or invoice from the equipment vendor
- Business owner personal credit score of 575 or above
- No unresolved judgments or active bankruptcies
Use Cases
Common Uses
- Purchasing manufacturing machinery or production equipment
- Acquiring commercial vehicles, trucks, or fleet assets
- Upgrading technology infrastructure, servers, or point-of-sale systems
- Buying medical or dental equipment for healthcare practices
- Investing in construction equipment such as excavators, loaders, or cranes
- Outfitting a new location with furniture, fixtures, and essential hardware
FAQ
Equipment Questions
Yes, we finance both new and used equipment. For used equipment, we evaluate the remaining useful life and current fair market value to determine appropriate financing terms. Refurbished equipment from certified vendors is also eligible, and terms are structured to ensure the repayment period does not exceed the asset's expected service life.
We finance equipment across virtually all industries, including but not limited to construction, manufacturing, transportation, healthcare, technology, and food service. Eligible assets include heavy machinery, commercial vehicles, medical devices, IT infrastructure, restaurant equipment, and more. If the asset has a definable useful life and retains value, it is likely eligible for financing through our program.
Yes. Unlike a lease arrangement, our equipment financing is structured as a purchase. Once you have completed all scheduled payments, you own the equipment outright with no residual payment or balloon obligation. Full ownership transfers to your business at the conclusion of the term.
In most cases, yes. We can include ancillary costs such as shipping, delivery, installation, and training in the total financed amount. This ensures you do not need to pay these expenses out of pocket and can finance the complete cost of putting the equipment into service. Discuss the full scope of costs with your funding advisor during the application process.
Your repayment obligations remain in effect regardless of the equipment's operational status, as the financing is a separate financial agreement. We strongly recommend maintaining comprehensive insurance and, where available, extended warranty coverage on financed equipment. Your funding advisor can discuss options for protecting your investment during the term of the financing.
Ready to Get Started with a Equipment?
Apply today and a funding advisor will walk you through your options.