Business Loan

Equipment Financing

Own the tools your business needs — without draining your cash reserves.

$5K – $5M

Loan Amount

4% – 12%

Typical APR

2 – 7 years

Loan Term

1 – 5 days

Funding Time

About This Loan

What is a Equipment Financing?

Equipment financing lets businesses purchase or lease the machinery, vehicles, technology, and tools they need to operate and grow. The equipment itself serves as collateral, making it easier to qualify than unsecured loans, with predictable fixed monthly payments.

Minimum Credit Score

620+

Fund Usage

What Can Funds Be Used For?

Heavy Machinery

Construction equipment, manufacturing machines & industrial tools

Commercial Vehicles

Trucks, vans, forklifts & company fleet vehicles

Technology & IT

Servers, computers, software systems & telecom gear

Medical Equipment

Diagnostic machines, dental chairs & medical devices

Restaurant Equipment

Commercial ovens, refrigeration units & kitchen appliances

Office Fit-Out

Furniture, fixtures, signage & build-out costs

The Process

How It Works

From application to funding — here is exactly what to expect when applying for a Equipment Financing.

01

Identify Your Equipment

Know exactly what equipment you need and get a vendor quote before applying.

02

Apply in Minutes

Submit your application online with basic business details and the equipment invoice.

03

Fast Credit Decision

Most applicants receive a credit decision within 24 hours. Minimal documentation needed.

04

Equipment Delivered

Lender pays the vendor directly. You receive the equipment and begin fixed monthly payments.

Requirements

Do You Qualify?

Min. Credit Score

620+

Time in Business

1+ year

Annual Revenue

$50K+

Down Payment

0% – 20%

Collateral

Equipment itself

Equipment Age

New or used

At a Glance

Pros & Cons

Advantages

Equipment serves as collateral — easier to qualify

Fast approvals, often same-day

100% financing available on some equipment

Potential tax deductions (Section 179)

Considerations

Equipment may depreciate faster than loan

Restricted to specific equipment purchases

Higher rates for older or specialized equipment

Ready to Apply for a Equipment Financing?

Submit your application in under 10 minutes and get matched with top lenders offering competitive rates tailored to your profile.

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Decision in 24 Hours
Non Bank Lenders