Equipment Financing Guide
Finance machinery, vehicles, and equipment without depleting cash reserves
What Equipment Can Be Financed?
Construction
- •Excavators
- •Bulldozers
- •Cranes
- •Loaders
Transportation
- •Commercial trucks
- •Vans
- •Trailers
- •Fleet vehicles
Manufacturing
- •CNC machines
- •3D printers
- •Assembly lines
- •Forklifts
Medical
- •Imaging equipment
- •Dental chairs
- •Lab equipment
- •Surgical tools
Restaurant
- •Commercial ovens
- •Refrigeration
- •POS systems
- •Furniture
Technology
- •Servers
- •Computers
- •Software
- •Telecom equipment
Equipment Loan vs Equipment Lease
Equipment Loan
How It Works
You borrow money to purchase equipment. You own it from day one.
Pros
- ✓ Own the equipment
- ✓ Build equity
- ✓ Tax deductions (Section 179)
- ✓ No restrictions on use
Cons
- − Responsible for maintenance
- − Stuck with obsolete equipment
Equipment Lease
How It Works
You rent equipment with option to purchase at end of term.
Pros
- ✓ Lower monthly payments
- ✓ Easier to upgrade
- ✓ 100% tax deductible
- ✓ Less commitment
Cons
- − Don't own equipment
- − More expensive long-term
Why Equipment Financing?
Preserve Cash Flow
Keep working capital for operations instead of large upfront purchase
100% Financing
Finance entire equipment cost, no down payment required in many cases
Tax Benefits
Section 179 deduction up to $1M+, plus depreciation
Easy Approval
Equipment serves as collateral, easier than unsecured loans
Build Business Credit
Regular payments help establish strong business credit profile
Stay Competitive
Get latest equipment without waiting to save up cash
Qualification Requirements
Credit Score
600+ typically, some lenders go lower
Time in Business
6 months minimum, newer businesses qualify
Down Payment
0-20% depending on credit and equipment
Documentation
Business license, bank statements, equipment quote
Finance Your Equipment Today
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