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.

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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
Whether you'll qualify
What it costs
Applying without getting burned
Merchant cash advances, explained
Working capital, explained
Lines of credit, explained
Difficult situations
Why banks decline, by industry

By product

Merchant Cash Advance
Working Capital Loans
Equipment Financing
Business Line of Credit

One application · every lender we work with

Find out what you qualify for before you need it.

Submit an Application2 minutes · no obligation

Equipment financing, explained

What counts as equipment

Financing vs leasing

The down payment

Used equipment

Credit score needed

Section 179

New businesses

If you default

Find out what you qualify for before you need it.