How equipment financing works
You pick the equipment. Funding covers the purchase. You repay over time while the equipment is already earning for you. The equipment itself is usually part of the deal, which is why this product is built around a specific purchase rather than general expenses.
What it covers
- Commercial ovens, fryers and walk-in coolers
- Lifts, diagnostic scanners and alignment machines
- Box trucks and service vans for local routes
- Medical, dental and imaging equipment
- Excavators, skid steers and job-site tools for commercial work
- POS systems, salon chairs and shop fixtures
If it is a business asset you need to operate or grow, it is worth asking about.
Why not just pay cash?
You can. But draining $80,000 from your account for a new machine leaves nothing for payroll, rent or the next surprise. Equipment financing keeps your cash where it does the most work: running the business.
For illustration: a print shop doing $85,000 a month needs a $60,000 wide-format printer to take on a large signage contract. Financing it lets them start the job without emptying the operating account. Example only, not our terms.
Bank said no on the equipment loan?
It happens a lot. Banks want strong personal credit and long histories for equipment loans too. Through our partner Merchant Fund Express, FICO 500 and up is considered and the review looks closely at your business deposits. You will need about three months of business bank statements. No tax returns.
Need something urgent because a machine just died? Read emergency repair funding. Need cash alongside the equipment? Look at working capital.
Before you shop
Know what you need and what it costs. Get a written quote from the seller. Think about how the equipment pays for itself: more jobs, faster turnaround, fewer outside rentals. A clear plan makes your file easier to review and keeps you from buying more machine than the business needs.
Next steps
Have your quote or invoice handy, along with your bank statements. The application takes about five minutes and starts with a soft credit pull. Funding ranges from $25,000 to $5,000,000, and qualified businesses can be funded in as little as 24 hours. Apply for equipment financing.
Frequently asked questions
Can I finance used equipment?
Ask on your application. Whether used equipment works depends on the item and the file, and the offer will spell it out.
Do I need a quote from the seller first?
It helps. Having a quote or invoice ready makes the process faster because the funding is tied to a specific purchase.
Can I finance a truck for long-haul routes?
We focus on local and regional fleets and vehicles. Long-haul trucking is not something we can promise funding for.
Is equipment financing available to sole proprietors?
Yes. Sole proprietors can apply. The fit is an established business with revenue around $60K or more a month.
How is this different from working capital?
Equipment financing is tied to a specific asset. Working capital is a lump sum you can use across general operating costs.