Get the Equipment Your Business Needs Now
Equipment financing lets you acquire the machinery, vehicles, or technology your business needs without draining your working capital. The equipment itself serves as collateral, which means better approval odds and competitive rates.
Apply for Equipment FinancingHow Equipment Financing Works
With equipment financing, the equipment you're purchasing acts as collateral for the loan. This lowers the lender's risk, which typically translates to better rates and higher approval rates - even for businesses with less-than-perfect credit or limited operating history.
You'll make fixed monthly payments over the term of the loan. At the end of the term, you own the equipment outright. Some programs offer equipment leasing as an alternative, where you make lower payments but the lender retains ownership.
Equipment financing preserves your working capital and may offer tax advantages. Section 179 of the tax code allows many businesses to deduct the full cost of financed equipment in the year it's purchased - consult your accountant about your specific situation.
What Equipment Qualifies?
Qualification Requirements
- Business entity (LLC, Corp, etc.)
- 6+ months in business
- 580+ personal credit score
- Quote or invoice for equipment
- U.S.-based business
Key Benefits
- Preserve cash for day-to-day operations
- The equipment pays for itself as you use it
- Potential Section 179 tax deduction
- Fixed payments make budgeting predictable
- You own the equipment at end of term
- Often faster to approve than unsecured loans
Finance the Equipment You Need
Apply today. Most equipment financing decisions come back within 24 to 48 hours.
Apply for Equipment Financing