Finance the machinery, technology, and vehicles your business needs — without depleting your working capital. The equipment is the collateral.
Equipment financing lets you acquire the machinery, technology, or vehicles your business needs without depleting your working capital. The equipment itself serves as collateral, enabling more accessible terms than unsecured loans. You build equity in the asset with every payment, and the full purchase price is often deductible under IRS Section 179.
Equipment purchases often qualify for full first-year deduction under IRS Section 179. Limits change annually — consult your tax advisor for the current year's deduction cap. The after-tax cost of financing is often lower than it appears.
Virtually any business equipment qualifies — restaurant and commercial kitchen equipment, heavy construction machinery, medical devices, printing presses, HVAC systems, vehicles, trailers, forklifts, manufacturing equipment, and technology. If it has useful business life and a clear value, it qualifies.
Equipment financing is secured by the equipment itself as collateral, which often means lower rates and longer terms than an MCA. The equipment serves as its own collateral, so personal assets are typically not at risk. MCAs are unsecured and faster but carry higher cost of capital.
No. Equipment financing is more accessible than traditional bank loans because the equipment itself reduces lender risk. Business owners with credit scores as low as 550 have qualified, particularly for lower loan amounts or newer businesses.
Yes. Many lenders will finance used equipment up to 10 years old, sometimes older for well-maintained machinery. The loan amount is typically based on a percentage of the equipment's current appraised value.
Simple equipment loans under $150,000 often close in 2–5 business days. Larger transactions or complex machinery may take 1–3 weeks depending on appraisal and documentation requirements.
Startups under 2 years old face more limited options but can often qualify for equipment financing specifically — particularly if they can provide a down payment of 10–20% and the equipment has strong resale value.
Terms typically range from 24 to 84 months (2–7 years), aligned with the useful life of the equipment. Shorter-lived equipment like technology gets shorter terms; heavy machinery often qualifies for longer terms.
No. Equipment financing means you own the equipment outright after the final payment. An equipment lease means you are renting it — you may have an option to purchase at the end, or you return it. Financing typically has tax advantages through Section 179 depreciation deductions.
Typically: 3 months of business bank statements, an equipment invoice or quote from the vendor, government-issued ID, and a completed application. Larger loans may require 2 years of business tax returns and a balance sheet.
Yes — this is called a sale-leaseback. You sell the equipment to a lender for its appraised value and receive a cash injection, then lease it back and continue using it. It is a way to unlock capital tied up in existing assets.
One application. Fast decision. Equipment serves as collateral, and free to apply.