Equipment Financing
The equipment secures the financing, so the cost stays down and your other credit stays free.
- No upfront fees
- Soft credit pull
- All 50 states
- Funding range
- $2K – $250K
- Funding speed
- 2 – 5 business days
- Typical term
- 2 – 6 years
At a Glance
The short version
The equipment itself secures the financing, which keeps costs down and preserves your other credit capacity. New or used, titled or untitled.
Amounts
$2,000 – $250,000
Speed
2 – 5 business days
Payback
Monthly installments
Term
2 – 6 years
Credit
The asset offsets a thinner credit file
Requirements
Equipment quote or invoice · 6+ months in business
The Process
How equipment financing works
Send the quote or invoice
The file starts with what you're buying: a dealer quote, an invoice, or a bill of sale. Make, model, year, hours or mileage, and the seller all matter, because the lender is underwriting the asset alongside the business.
The asset carries the file
The lender values the equipment and takes it as collateral. That security is why pricing generally beats an unsecured advance and why a thinner credit profile can still clear — the machine is standing behind the payment.
The seller gets paid, you take delivery
On most transactions the lender pays the vendor or seller directly rather than routing cash through your account. You take delivery and monthly installments begin on the stated schedule.
Use Cases
Best used for
Trucks, trailers, machinery, and medical or restaurant equipment.
- Tractors, trailers, reefers, dry vans, and box trucks
- CNC machines, presses, forklifts, and shop equipment
- Commercial kitchen lines, walk-ins, and hood systems
- Dental chairs, imaging, lasers, and clinical equipment
- Skid steers, mowers, chippers, plows, and attachments
- Used equipment from a dealer, an auction, or a private seller
Compare
Is this right for you?
Equipment financing only covers the asset. Soft costs — freight, rigging, installation, training, the first month of extra payroll — usually need working capital or a term loan alongside it. If you're making frequent smaller purchases rather than one large one, a line of credit is less paperwork per transaction.
FAQ
Equipment Financing questions
Can I finance used equipment?
Yes. Used equipment is financed routinely, though age, hours or mileage, and condition affect the term and the pricing. Very old assets can be harder to place, so send the details early.
What about a private-party purchase?
Many lenders in the network will fund a private sale, but expect more diligence: a clean bill of sale, clear title, an inspection, and sometimes an appraisal. Dealer purchases move faster.
Do I need a down payment?
Sometimes. Stronger files and newer equipment can often be financed in full, while a thinner credit profile, an older asset, or a private-party sale may call for money down. The offer will state it plainly.
Can I borrow against equipment I already own?
Some lenders in the network will consider equipment you own free and clear as collateral. Whether it's available depends on the asset, its documented value, and the lender — worth asking your advisor about directly.
More questions? Read the full FAQ
Ready to see equipment financing offers?
One application, real offers to compare, and no fee unless your business is funded.