Equipment Financing

Finance your equipment with the asset as collateral

Spread the cost of purchasing or leasing equipment over time while preserving cash flow. Finance up to $10M per piece with the equipment itself serving as collateral.

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Loan Specifications

Equipment financing at a glance

Funding Amount

Up to $10M

Per piece of equipment

Term Length

1 - 10 Years

Lease Rates

6.5% - 15%

SBA rate from 6.5%

Funding Speed

1 - 2 Days

Business days

Credit Score

475+

Less than perfect credit accepted

Time in Business

6+ Months

Repayment

Monthly

Advantages & Considerations

Is equipment financing right for you?

Advantages

+Quick access to funds, often within 1-2 business days
+Simple approval process with the equipment as collateral
+Less than perfect credit accepted, starting at 475
+The equipment itself secures the loan, no additional collateral needed
+Finance up to 100% of the equipment market value

Considerations

-Equipment may become obsolete before the loan is fully repaid
-Some programs include prepayment penalties
-Depreciation may limit tax deductions in certain years

Process

How it works

Submit your application

Complete a brief application with your business details, funding needs, and financial history. Our team reviews every submission within 24 hours.

Get matched with the best equipment financing

We compare lease and loan options across multiple partners to find the best rate and structure for your equipment purchase.

Close and receive your funds

Once approved, we coordinate closing with the SBA-approved lender. Funds are deposited directly into your business account within the agreed timeline.

FAQ

Common questions

Nearly any type of business equipment qualifies, including construction equipment, restaurant equipment, medical devices, manufacturing machinery, vehicles, technology, and office equipment. Both new and used equipment can be financed. The equipment must have a clear market value and serve a legitimate business purpose.

You can finance up to 100% of the equipment market value, with amounts up to $10M per piece. The exact amount depends on the type of equipment, its expected useful life, and your business qualifications.

This depends on whether you choose a loan or a lease. With an equipment loan, you own the equipment from day one and build equity as you pay. With a lease, you typically have the option to purchase the equipment at the end of the term for a predetermined buyout amount.

The minimum credit score for equipment financing is 475. Because the equipment serves as collateral, lenders can offer more flexible credit requirements than unsecured business loans. Higher credit scores may qualify for lower rates.