Equipment Financing
Get the equipment your business needs now and pay for it over its useful life.
- Amounts
- $5K–$5M
- Financed
- Up to 100% of equipment cost
- Terms
- 2–7 yrs (up to 10 for heavy equipment)
- Rates
- ~6%–20%+ APR by credit
- Typical minimums
- ~600+ credit; startups considered
Typical market ranges, not a quote. Actual amounts, rates and terms depend on the lender and your business profile.
How equipment financing works
Equipment financing lets you buy or lease machinery, vehicles, technology and other equipment while spreading the cost over time. The equipment itself serves as collateral, which makes it one of the more accessible types of business financing, including for newer businesses.
Terms are usually matched to how long the equipment will be useful, so payments line up with the value it produces.
Common options
Equipment loans
You own the equipment from the start, and the loan is secured by it.
Equipment leases
Lower upfront cost with options to upgrade, renew or buy at the end of the lease.
New & used equipment
Financing is available for both, depending on age and condition.
Vehicles & fleets
Trucks, vans and specialty vehicles for your operation.
Best for
- Buying or upgrading machinery, vehicles or technology
- Preserving cash for operations
- Newer businesses that need essential equipment
- Growing capacity to take on more work
What lenders look at
- The equipment's type, cost and expected life
- Credit history
- Time in business and revenue
- A quote or invoice from the vendor
Frequently asked questions
Do I need a down payment?
Not always. Some programs finance a large share or all of the cost, depending on your credit and the equipment.
Should I lease or buy?
Buying builds ownership. Leasing keeps upfront costs low and makes upgrading easier. We'll help you compare.
Are there tax benefits?
Equipment purchases may qualify for deductions such as Section 179. Talk with your tax advisor about your situation.
Find the right equipment financing for your business
Answer a few quick questions and a funding specialist will match you with the options that fit your business.