Business
Equipment
Loans & Financing

A business equipment loan provides capital specifically to purchase, repair, upgrade, or lease equipment your business needs to operate. Unlike general working capital, Equipment Financing uses the purchased asset as collateral, meaning you can access financing based on the value of the equipment itself, often with favorable terms. You own the equipment outright at the end of the repayment period.

We finance a broad range of business equipment across virtually every industry: commercial kitchen appliances, manufacturing machinery, medical and dental equipment, construction equipment, vehicles and trucks, forklifts, computers and technology, POS systems, salon and spa equipment, printing and packaging equipment, refrigeration systems, and more. If it's essential to running your business, it likely qualifies.

Your business must be operating for at least 6 months, generate $240,000 or more in annual revenue, maintain a business checking account, and have a FICO score of 570 or above. There should be no open bankruptcies and no conflicting existing financing.

After submitting your application and documentation, you can receive an approval decision often the same day. Funds are typically deposited within 24 hours of acceptance, so you can move quickly on equipment purchases, replacement of broken machinery, or time-sensitive acquisitions.

Yes. Equipment Financing (a loan) means you own the equipment outright at the end of the repayment term, building equity in a business asset. Equipment leasing means you make payments to use the equipment but return it at the end of the term. Loans are generally best if you plan to use the equipment long-term and want full ownership. Your Capital Advisor can help you evaluate which structure makes more sense for your situation.

Yes. Equipment repairs, especially for heavy machinery, commercial appliances, or critical operational infrastructure, can be funded through our Small Business Loan or Revenue Advance products. A breakdown can't wait for bank timelines; we deliver capital quickly so you can get back to operating at full capacity.

Requirements vary by product and equipment type. Some equipment financing structures require a down payment, typically 10–20% of the equipment value, while others do not. Your Capital Advisor will walk you through the specific terms based on the equipment you're acquiring and your business's revenue profile.

In many cases, yes. Used and refurbished equipment can often be financed, particularly when the asset has documented value and a clear useful life remaining. Eligibility and terms may vary based on the age, type, and condition of the equipment. Contact your Capital Advisor to discuss your specific situation.

It depends on how quickly the equipment dates and whether you want to own it at the end. Financing usually costs less across the full term and leaves you with the asset. Leasing keeps the payment lower and makes it easier to return equipment that will be obsolete before it is paid off.

Yes. Lenders look at the age of the unit, its resale market, and whether the seller is a dealer or a private party. Those shape the structure and the documentation rather than deciding whether financing is available at all.