Equipment Financing
The equipment pays for itself. Finance it that way.
Trucks, machines, ovens, imaging suites, excavators — when the purchase produces revenue, the purchase should secure the loan. Because the asset is the collateral, approval leans on the equipment's value, rates stay sharp, and businesses too young for bank credit still qualify.
- Amounts
- $25K – $2M
- Typical rates
- 7.5% – 12%
- Terms
- 2 – 7 years
- Time to fund
- 3 – 7 days
- Down payment
- 0 – 10%
What we finance
| Category | Examples |
|---|---|
| Transportation | Box trucks, semis, reefers, trailers, last-mile fleets, buses |
| Construction | Excavators, skid steers, cranes, paving, concrete equipment |
| Medical & dental | Imaging, chairs, lasers, surgical and diagnostic equipment |
| Food service | Commercial kitchens, ovens, refrigeration, packaging lines |
| Manufacturing | CNC, injection molding, printing, textiles, automation |
| Technology | Servers, POS systems, fitness equipment, salon build-outs |
New and used both work — used equipment from dealers and even private-party sales can be financed, with titled vehicles and serialized machinery the easiest to move quickly.
Why it approves when other loans don't
The lender's risk is anchored by an asset they can value and, in the worst case, recover. That changes the underwriting conversation entirely: a two-year-old trucking company with strong contracts can finance a $160K tractor that a bank wouldn't lend $40K against unsecured. Expect approval weight on the asset's auction value and your deposit history, with credit score a secondary input.
Finance vs. lease — we'll do the math with you
We place both equipment finance agreements (you own the asset, depreciate it, keep it at payoff) and FMV / $1-buyout leases (lower payments, upgrade flexibility, different tax treatment). The right answer depends on how long you'll run the asset and how you want the Section 179 deduction to land. Your advisor will model both against your accountant's guidance before you sign anything.
The vendor moment
Equipment deals die waiting on financing while someone else buys the machine. Get pre-approved before you negotiate: walking into a dealer with funding arranged is worth real money on price, and our approvals stay valid for 60 days while you shop.
Equipment financing FAQ
How new does my business need to be?
We have programs that approve from day one for owner-operators with industry experience (trucking especially). Under two years in business generally means a modest down payment (10–20%) or a slightly higher rate — both improve quickly as the business seasons.
Can I finance used or auction equipment?
Yes — dealer-sold used equipment is routine, and auction or private-party purchases work with a title/serial verification step. Age caps apply by category (typically 10–15 years for trucks, more lenient for heavy iron that holds value).
Is a down payment required?
Strong files regularly close at $0 down with first-and-last payment due at signing. Down payments enter the picture for newer businesses, older assets, or credit rebuilds — and buying the rate down with 10% up front is sometimes worth it. We'll show both structures.
What about soft costs — delivery, install, training?
Up to 20–25% of the financed amount can usually cover soft costs: shipping, rigging, installation, extended warranties, even the first year of insurance on some programs. Tell us the all-in number you need, not just the sticker.
Does equipment financing build business credit?
Yes — these are reported trade lines, and a paid-as-agreed equipment loan is one of the fastest ways a young company builds a borrowing profile that later unlocks bank and SBA credit.