Loan program

Equipment Financing Loans

Finance or lease the equipment your business needs to operate and grow. From trucks and construction equipment to medical devices and manufacturing machinery — get the tools without depleting working capital.

  • Loan amounts: $25,000 to $2M+ depending on equipment type and business strength
  • Terms: 12 to 84 months, aligned with useful life of equipment
  • APR typically ranges from 6% to 30% based on credit and equipment type
  • Down payment: 0–20% depending on credit profile and equipment condition
  • Approval in 24–72 hours; funding within 3–7 days
  • New and used equipment eligible (used typically 2–5 years old max)
  • Personal credit score of 650+ required
  • At least 2 years in business (1 year for strong credit)
  • Section 179 deduction: deduct up to $1.16M (2026 limit) in year one

Equipment Financing vs. Leasing

Equipment Financing (Loan): You borrow money to purchase equipment and own it from day one. Make fixed payments until the loan is paid off. Pros: own immediately, build equity, eligible for Section 179 tax deduction, resell or trade-in when paid off. Cons: responsible for maintenance, stuck with asset if obsolete.

Equipment Leasing: You rent equipment with an option to purchase, return, or upgrade at lease end. Lower monthly payments. Pros: lower monthly payments, easier to upgrade, may include maintenance packages, 100% tax deductible payments. Cons: don't own until buyout, total cost often higher long-term.

Equipment We Finance

Transportation: Commercial trucks & trailers, vans & fleet vehicles, buses & shuttles, specialized transport.

Construction: Excavators & bulldozers, cranes & forklifts, backhoes & loaders, paving & concrete equipment.

Manufacturing: CNC machines & lathes, assembly line equipment, industrial ovens, quality control systems.

Medical: Imaging equipment (MRI, CT, X-ray), dental chairs & tools, lab equipment, surgical instruments.

Restaurant: Commercial ovens & ranges, refrigeration units, POS systems, food prep equipment.

Technology: Servers & data centers, software & hardware, telecom equipment, security systems.

Best Use Cases

  • Expanding capacity: Add equipment to take on more work without cash outlay.
  • Replacing aging assets: Upgrade to newer, more efficient equipment.
  • Seasonal businesses: Acquire equipment before busy season, pay from revenue.
  • Startups & new ventures: Get operational without depleting startup capital.
  • Tax advantages: Leverage Section 179 or bonus depreciation.

Section 179 Tax Deduction

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year, up to $1.16M (2026 limit; confirm with IRS or your CPA).

Example: A contractor finances $150,000 in excavation equipment. Under Section 179, they can deduct the full $150,000 in year one, potentially saving $30,000–$50,000 in taxes (depending on tax bracket). Consult your CPA to maximize these benefits.

Frequently asked questions

What is the difference between equipment financing and equipment leasing?
Equipment financing is a loan where you own the equipment immediately and make fixed payments until paid off. Equipment leasing is renting equipment with an option to buy, return, or upgrade at lease end. Financing builds equity, while leasing offers lower payments and easier upgrades.
Can I finance used equipment?
Yes, both new and used equipment can be financed. Used equipment may have slightly higher rates and shorter terms. Lenders assess equipment value, age, and condition. Used equipment can be cost-effective for businesses with budget constraints.
How fast can I get approved for equipment financing?
Equipment financing typically approves in 24–72 hours. Once approved, funding can occur within 1–3 business days. The equipment serves as collateral, speeding approval compared to unsecured loans.
What equipment can I finance?
Most business equipment can be financed including vehicles, machinery, technology, medical equipment, construction equipment, and more. Equipment must be used for business purposes and have clear value.
Can I get equipment financing with bad credit?
Equipment financing is easier to qualify for than unsecured loans because equipment serves as collateral. Some lenders accept credit scores as low as 600, though higher scores get better rates. Strong cash flow and equipment value can offset lower credit scores.

Ready to get funded?

Apply once and get a clear funding offer in 24–72 hours — no hard credit pull to pre-qualify.

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