Guides
Equipment financing, explained
The asset secures the loan, which is why it is the cheapest money most small businesses can get — and why you should not buy machinery out of working capital.
One application, every lender we work with
Find out what you qualify for.
Eleven questions, about two minutes. The lenders who fund your industry and your state see it; you compare their offers and take one, or none.
Submit an application- Won't affect your credit
- Free, no obligation
- Up to $500K
08 guides
What counts as equipment
If it has a serial number and a resale market, it can usually be financed.
Financing vs leasing
Do you want to own it at the end, and how fast does it date?
The down payment
Usually 10–20%, and often negotiable against a stronger file.
Used equipment
Yes, and age caps matter more than condition.
Credit score needed
Matters more than for an advance, less than for a bank loan.
Section 179
You can often deduct the full price while still paying monthly.
New businesses
Easier than any other product, because the asset does the talking.
If you default
They take the asset — and can still pursue the shortfall.
Other guides
- If you need money this week
- Something broke
- Whether you'll qualify
- What it costs
- The best options, compared
- If you already have an advance
- Applying without getting burned
- Merchant cash advances, explained
- Working capital, explained
- Lines of credit, explained
- Buying, expanding, opening
- Difficult situations
- Why banks decline, by industry
One application, every lender we work with
Find out what you qualify for before you need it.
Eleven questions, about two minutes. You see offers side by side and take one, or none.
- Won't affect your credit
- Free, no obligation
- Decisions usually inside 24 hours
- Up to $500K