Finance Any Business Equipment Up to $2M Per Asset
Trucks, machinery, kitchen equipment, medical devices, and commercial vehicles. Terms up to 7 years. 100% financing available. Keep your working capital where it belongs — in your business.
New and used equipment. 600+ credit score preferred. Fast approval in 24–72 hours.
What Is Equipment Financing?
Equipment financing is a type of business loan where the equipment you're purchasing serves as collateral for the loan. This security reduces the lender's risk, which is why equipment financing typically offers lower interest rates and longer repayment terms than unsecured working capital products.
Instead of draining your operating reserves to buy a $150,000 truck or $80,000 CNC machine, equipment financing lets you spread the cost over 3–7 years while the asset earns revenue immediately. The equipment pays for itself through the work it generates while you maintain cash flow for day-to-day operations.
Equipment loans and equipment leases are the two primary structures. With a loan, you own the asset and build equity. With a lease, you preserve cash flow with lower monthly payments and can upgrade at the end of the term — useful for technology or equipment with rapid obsolescence cycles.
Equipment Financing Snapshot
- Funding amount
- $5K – $2M per asset
- Term length
- 2 – 7 years
- Interest rates
- 6 – 22% APR
- Down payment
- 0 – 20%
- Time to fund
- 1 – 5 business days
- Credit requirement
- 550+ (600+ for best rates)
- Collateral
- The financed equipment
- New vs. used
- Both eligible
Equipment We Finance Across Every Industry
If it has a title, a serial number, and a business use case, it can almost certainly be financed.
Transportation & Logistics
- Semi-trucks and trailers
- Delivery vans and box trucks
- Forklifts and pallet jacks
- Cranes and heavy haul equipment
Construction & Contracting
- Excavators and backhoes
- Skid steers and bulldozers
- Scaffolding and aerial lifts
- Concrete mixers and pavers
Food Service & Hospitality
- Commercial refrigeration units
- Industrial ovens and ranges
- Dishwashers and prep equipment
- POS systems and kitchen display units
Manufacturing & Industrial
- CNC machines and lathes
- Injection molding equipment
- Welding and cutting machines
- Compressors and generators
Healthcare & Medical
- Diagnostic imaging equipment
- Dental chairs and X-ray units
- Lab equipment and centrifuges
- Patient monitoring systems
Technology & Office
- Server hardware and data center equipment
- Commercial copiers and printers
- Security and surveillance systems
- Phone systems and AV equipment
Loan vs. Lease: Which Structure Is Right for You?
The right structure depends on how long you'll use the equipment, your tax situation, and how important ownership is to your operation.
Equipment Loan
You own the equipment from day one. The equipment serves as collateral. Typical terms run 2–7 years with fixed monthly payments.
Best for
Equipment you'll use for 5+ years. No mileage or usage restrictions.
Equipment Lease
Use the equipment for a set term, then buy it, return it, or upgrade. Lower monthly payments than a loan. Equipment stays off your balance sheet.
Best for
Technology or equipment that becomes obsolete quickly. Preserves working capital.
Sale-Leaseback
Own equipment outright? Sell it to a financier and lease it back. Get a cash injection without losing access to the equipment.
Best for
Operators who need liquidity from existing assets without disrupting operations.
Equipment Financing Qualification Requirements
Business operating for at least 6 months (2+ years preferred for best rates)
Credit score of 600+ for prime rates; 550+ for alternative equipment lenders
Down payment of 0–20% depending on asset type and credit profile
Equipment quote or invoice from dealer/manufacturer
3–6 months business bank statements
Equipment must be business-use only (no personal vehicles)
Why Equipment Financing Has Lower Rates
When you finance equipment, the asset itself is the collateral. If you default, the lender can repossess and resell the equipment to recover their capital. This reduced risk translates directly to lower interest rates and longer repayment terms compared to unsecured business loans.
A $200,000 excavator loan at 9% APR over 5 years costs roughly $4,150/month. Financing that same purchase via a 12-month working capital loan at 45% APR would cost over $18,000/month. Using the right tool for the right asset matters.
Finance the Equipment Your Business Needs to Grow
$5K to $2M per asset. Terms up to 7 years. Keep working capital in your business.
Equipment Financing by Industry
Construction Equipment Financing
Excavators, cranes, and heavy machinery for contractors.
Trucking & Fleet Financing
Semi-trucks, trailers, and fleet financing for owner-operators.
Restaurant Equipment Financing
Commercial kitchen equipment and POS systems.
Back to Funding Overview
All funding products and options.
Equipment Financing FAQs
Get the Equipment. Grow the Business.
Apply in 5 minutes. Equipment financing approved in 1–5 business days.