Asset-backed

Equipment Financing

Finance the trucks, machinery, and technology your business runs on — the asset secures the loan.

Amount range$10K–$2M

Typical term2–7 years

Funding speed1–3 days

Apply for Equipment Financing All products

What it is

Equipment financing lets you acquire the assets your business depends on — vehicles, machinery, kitchen lines, medical devices, or technology — without draining your cash reserves. Because the equipment itself serves as collateral, rates stay low and qualification stays simple, even for newer businesses.

You can finance up to 100% of the equipment cost, including soft costs like delivery and installation, and spread payments over two to seven years to match the useful life of the asset. The financing may also carry tax advantages, and it preserves your working capital and credit lines for everything else the business needs.

Best for

Buying vehicles, trucks, or fleet additions
Purchasing manufacturing or production machinery
Outfitting kitchens, shops, bays, or treatment rooms
Upgrading technology, computers, or specialized hardware
Preserving cash while still acquiring essential assets

How it works

From application to funded

Choose your equipment

Pick the asset and get a quote from your vendor — new or used both qualify.

Apply with the quote

Submit a short application; the equipment serves as collateral, so approval is straightforward.

Approve & sign

Review terms covering up to 100% of cost, then e-sign — often within a day.

Vendor gets paid

We pay your vendor directly and you put the equipment to work right away.

Rates & terms

The details, in plain numbers

Financing amount$10,000 – $2,000,000

Terms2 – 7 years

Financing coverageUp to 100% of equipment cost

CollateralThe equipment itself

Rate rangeCompetitive fixed rates from 7%

Funding speed1 – 3 business days

Equipment typeNew and used both eligible

Eligibility

What you'll need to qualify

6+ months

Time in business

$15,000+

Monthly revenue

500+

Credit score

Active U.S.-based business bank account
Three months of recent bank statements
Basic business and ownership details

Why owners choose it

Benefits of Equipment Financing

Up to 100% financed

Cover the full cost of the asset — including delivery and installation — with little or no money down.

Low, asset-backed rates

The equipment secures the loan, so rates stay competitive and approval stays simple.

Preserve cash & credit

Keep your reserves and credit lines free for payroll, marketing, and the unexpected.

Potential tax benefits

Equipment financing may qualify for valuable deductions — ask your tax advisor.

Match term to asset life

Spread payments over two to seven years to align with how long you'll use the equipment.

New or used

Finance brand-new machinery or a quality used asset — both are eligible.

Industries we fund with Equipment Financing: popular fits include HVAC, Transportation & Trucking, Medical & Dental. See all industries.

FAQ

Common questions

Yes. Both new and quality used equipment are eligible, which makes it easy to find the right asset at the right price.

Up to 100% of the equipment cost, often including soft costs like freight and installation, so little to no down payment is required.

Equipment financing can qualify for tax deductions under provisions like Section 179. Confirm specifics with your tax professional.

With a standard equipment loan, you own the asset outright once it's paid off. The equipment is yours to keep, sell, or trade.

Related funding

Other products to consider

Ready to put Equipment Financing to work?

Apply in about five minutes with no impact to your credit score to see what you qualify for. A funding advisor can have you funded fast.

Apply now Talk to an advisor