Finance the machine, secured by the machine
Equipment Financing
Equipment financing pays for machinery, vehicles or tools, with the equipment itself serving as the collateral. Because the loan is secured by the asset, approval odds are higher and rates are usually lower than unsecured funding — and many businesses qualify with limited credit history.
What you’ll need to apply
The application asks for the same handful of things every funder wants to see. Nothing here requires an accountant, and there is no cost to find out where you stand.
How much you need
A rough figure is fine. It can change once offers come back.
Monthly revenue
The single number that matters most. Recent months count more than old ones.
Time in business
Six months of trading opens most options. Under that narrows them but rarely closes them.
Bank statements
Usually the last three to six months, to verify the revenue on the application.
Your state and industry
Determines which funders can work with you at all.
Contact details
A phone number we verify by text, so a real person owns the application.
Equipment Financing: common questions
- Can I finance equipment with bad credit?
- Often, yes. The equipment itself is the collateral, so the lender can recover value if the loan defaults — which makes them meaningfully more willing to approve weaker credit than they would on an unsecured loan. A larger deposit further improves the odds.
- Does equipment financing cover used equipment?
- Usually. Most providers finance used equipment from a dealer or private seller, though they may require an appraisal and will often cap the term based on the equipment's remaining useful life. Very old equipment can be harder to finance because its resale value is unpredictable.
- How much of the equipment cost is covered?
- Many providers finance the full purchase price, and some include delivery, installation and taxes. Where credit is weaker, expect to be asked for a deposit of 10% to 20%.
- Is it better to finance or lease equipment?
- Financing suits equipment you intend to keep past the term, since you own it outright at the end. Leasing suits equipment that dates quickly or that you replace on a cycle. The tax treatment differs, so it is worth asking your accountant which is better for your situation before committing.
- How long does equipment financing take?
- Typically one to five business days. It is slightly slower than unsecured funding because the equipment has to be verified and the seller paid directly, but it is still far faster than a bank equipment loan.
Other funding options
Merchant Cash Advance
Advance against future sales
Working Capital Loans
Short-term cash for day-to-day operations
Business Line of Credit
Draw what you need, pay interest only on what you use