Funding solutions
Equipment financing
Get the trucks, machines and technology your business needs without paying the full cost up front. The equipment itself helps secure the financing.
What you can use it for
Vehicles and trucks
Box trucks, semis, vans and work vehicles, new or used.
Machinery
Construction, manufacturing and agricultural equipment.
Technology and fixtures
Restaurant equipment, medical devices, POS systems and more.
How it works
Equipment financing works much like an auto loan for your business. You choose the equipment, a lender pays the vendor, and you make fixed payments over a set term. Because the equipment serves as collateral, approvals can be easier and terms longer than unsecured funding. Terms often run 2 to 7 years depending on the equipment.
Is it a good fit?
- Usually 1 year or more in business
- A quote or invoice for the equipment
- Steady business revenue
- Fair credit or better typically gets the best terms
Typical guidelines. Requirements vary by program.
Frequently asked questions
Can I finance used equipment?
Yes. Many programs cover used equipment, though age and condition can affect terms.
Do I need a down payment?
Some programs need little or no down payment. It depends on your credit, time in business and the equipment.
How long are the terms?
Terms often range from 2 to 7 years and are usually matched to the useful life of the equipment.
Can I buy from any vendor?
In most cases, yes. Programs typically work with both dealers and private sellers.
Other funding options
Not all applicants qualify. Approval, amounts, rates and terms depend on review of your application. Merchant cash advances and invoice factoring are not loans.