- Amount
- $10,000 – $5 million
- Term
- 2 – 10 years, matched to the asset
- Speed
- 24–72 hours for most requests
Equipment financing is secured by the asset it pays for, which usually means a lower rate and a lighter documentation burden than unsecured borrowing of the same size. The term is set against the useful life of the equipment, so the payment lines up with the period the asset is earning.
It applies to anything essential to operations or revenue: construction and manufacturing equipment, commercial vehicles, medical and dental equipment, restaurant and food-service systems, and office technology. Refinancing matters as much as purchasing — high-rate leases taken during a growth push are one of the most common things worth restructuring.
Commonly used for
- Buying new or used equipment outright
- Refinancing high-rate equipment leases
- Replacing ageing machinery without draining cash
- Adding vehicles or fleet capacity
What it generally takes to qualify
- At least one year in business
- Around $15,000 or more in monthly revenue
- A credit score of roughly 500 or better
Guidelines, not hard cut-offs — tell us the situation and we will tell you where it stands.
Questions
Can I finance used equipment?
Usually yes. Age and expected remaining life affect both the advance rate and the term available.
Is a down payment required?
Often a modest one, though full-value financing is available depending on the asset and the credit profile.
Can I refinance equipment I already own?
Yes. If the equipment carries meaningful value and is owned free and clear, it can often be used to raise capital.
Related products
Apply for equipment financing
A few minutes, no cost and no credit pull. The application is specific to this product.
Start the application