Business equipment financing is funding you obtain to purchase or lease equipment, tools, technology or machinery you need to operate your business. With equipment financing, the item you’re interested in acquiring serves as collateral for your loan. This means if you’re unable to make your payments, your lender can seize the equipment to recoup their losses.
No down payment or collateral? No problem. Your equipment secures your loan.
Apply for business equipment financing in minutes and get funded within 2 days.
Up to 100% financing
Cover the entire cost of your machinery or equipment purchase.
Get the equipment you need to thrive
Equipment financing is a must when you need new vehicles, technology or machinery to run your business.
Business equipment financing allows you to secure these tools without depleting your cash reserves.
Here’s how equipment loans work. Get up to 100% of the value of the equipment you want. The machinery serves as collateral to secure your loan.
- Financing amount Up to 100% of equipment value
- Repayment terms 1-5 years
- Interest rate Starting at 8%
- Funding available in 2 days
Equipment financing requirements
Equipment financing is self-collateralizing, which means you’re not on the hook for a down payment and you don’t have to pledge assets to secure it. Equipment financing can be used to purchase or lease equipment—new or used.
What you’ll need to qualify:
- 2+ years in business
- $160K+ annual revenue
- 620+ credit score