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Equipment Financing
Business Equipment Financing
Maximum Amount: Borrow up to 100% of value
Low Cost Capital: Interest rates as low as 6.99%
Quick Closing: Funding within 1-3 business days
Dedicated Advisor: A specialist for every application
Get the equipment your business needs without breaking the bank. Our hassle-free financing options are designed to help you invest in growth while keeping your cash flow steady.
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What Is Small Business Equipment Financing?
Equipment financing, also called an equipment loan, is a type of small business funding option that is designed for the purpose of buying machinery or vehicles. It provides small business owners capital to purchase new or used equipment with no money down, using the equipment itself as the collateral for the loan. This allows businesses to protect their cash reserves by spreading out the cost overtime.
Best Ways To Use Equipment Financing For Your Business.
Whether you’re upgrading outdated equipment or expanding your operations, equipment financing provides a cost-effective solution that keeps your business running smoothly without the upfront financial strain. Here are some of the most common ways businesses take advantage of this flexible funding option.
Purchase Equipment
Buy machinery or equipment
to replace outdated systems or operational process.
Repair Equipment
Maintain a smooth operation by repairing all damaged or broken
essential equipment.
Replace Equipment
Avoid obsolescence and swap out your existing equipment with new technology.
Upgrade Equipment
Stay current with modifications or additions made to your existing equipment or machines.
Unsure if it's a fit? Check out the product use case evaluation for more guidance,
or schedule a complementary funding consultation to go over your specific needs.
The Key Benefits Of Equipment Financing.
Equipment financing offers a range of benefits designed to help businesses acquire the tools they need without financial strain. Whether you’re looking to improve efficiency, increase productivity, or free up capital, this financing solution can be a game-changer.
Preservation Of Capital
Spread the acquisition cost out over time with manageable monthly payments, allowing you to conserve cash reserves for operations, unforeseen expenses, or strategic initiatives.
Build Business Credit
Establish a trade line, and by making timely payments, you have the opportunity to establish or build your business credit, and open doors for future financing opportunities.
Tax Incentives
The IRS Section 179 tax deduction caters to equipment purchase, allowing businesses to deduct the full cost of eligible equipment financed during the same tax year.
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Build Equity
Build equity with minimal to no out of pocket cost, affordable monthly payments, and full ownership upon payoff, which you can leverage as collateral for future financing, or sell for profit.
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Learn more about Section 179.
How To Qualify For Equipment Financing For Your Business.
Qualifying for equipment financing is easier than you think. Most businesses with stable revenue and a solid operational history can access this funding option with ease. Here’s what lenders typically look for:
Minimum Revenue
Minimum of $25,000 average monthly revenue
Minimum Time in Business
Minimum time in business of
2 years or longer
Minimum Credit Score
Minimum personal credit score of 650 or higher
Clean Credit History
No recent charge-offs or accounts in collections
Applying For Equipment Financing.
Getting started with equipment financing for your business is a simple, straightforward process. With minimal paperwork and quick approvals, you’ll have the funds needed to acquire essential equipment in no time.
Step 1: Complete Your Application
Fill out our quick online form with basic business details, recent bank statements, and the equipment invoice.
Step 2: Get Approved For Funding
Our team will review your submission and provide tailored funding options to suit your needs.
Step 3: Receive Your Funds Fast
Your business will receive funds in as little as 24-hours to help you manage cash flow and grow.
Ready To Secure Your
Equipment Financing?
Getting the equipment your business needs shouldn’t be complicated. Our hassle-free application process makes it easy to access the funding you need—fast. Whether you’re replacing old equipment or investing in new technology, we’ll guide you every step of the way to secure the right financing solution.
Still have questions? Check out our FAQs below or speak with a funding specialist.
Equipment Financing Frequently Asked Questions.
Have questions about equipment financing for your business? We’ve got answers. Understanding how equipment financing works, the benefits, and whether it's the right fit for your business is key to making the best financial decisions. Check out our most frequently asked questions to get the insights you need.
Not quite the right fit for your business?
Explore these other funding options.
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Or schedule a funding consultation for a complimentary business funding analysis.