EQUIPMENT FINANCING
Best Equipment Financing
Compare 4+ equipment financing to find the best rates, terms, and service for your business.
- 4+ Lenders Compared
- Updated November 2026
Equipment financing helps businesses acquire machinery, vehicles, technology, and other equipment through loans or leases secured by the equipment itself. Because the equipment serves as collateral, these loans often have better rates and easier approval than unsecured financing. This guide compares the top equipment financing companies to help you find the best option for your next equipment purchase.
OUR TOP PICK
Tree of Life Funding
- LOAN AMOUNT
- $5,000 - $5,000,000
- APR RANGE
- 7.5% - 45%
- FUNDING SPEED
- Same day
- MIN CREDIT
- All credit types
Unlike other lenders on this list, Tree of Life Funding is a lending marketplace that connects you with 75+ vetted lenders. This means you can compare multiple offers with one application and no hard credit pull, ensuring you get the best rates and terms for your situation.
Why we like it
- 75+ lending partners
- No hard credit pull
- Same-day funding
- Dedicated advisor
Keep in mind
- Not a direct lender
ALL LENDERS
Complete Comparison
Best for: Businesses needing equipment financing with fast approval
- #3
Beacon Funding
4.0- LOAN AMOUNT
- $10,000 - $1,000,000
- APR
- 7% - 25%
- FUNDING
- 24-48 hours
- MIN CREDIT
- 550+
Best for: Businesses of all credit levels needing equipment financing
Best for: Trucking and transportation businesses needing capital
- #5
National Funding
4.0- LOAN AMOUNT
- $5,000 - $500,000
- APR
- 10% - 45%
- FUNDING
- 24-48 hours
- MIN CREDIT
- 600+
Best for: Businesses needing equipment financing or established working capital loans
METHODOLOGY
How We Evaluate Lenders
Our rankings consider interest rates (25%), approval requirements (20%), equipment expertise (20%), funding speed (20%), and flexibility (15%). While specialized equipment lenders offer strong options, Tree of Life Funding can connect you with equipment financing alongside other options to ensure you're getting the best deal.
25%
Interest Rates
20%
Loan Terms
20%
Funding Speed
15%
Customer Reviews
10%
Eligibility Requirements
10%
Transparency
FAQs
Common Questions
Equipment financing provides funds specifically to purchase equipment. The equipment serves as collateral, which means easier approval and better rates. You own the equipment once the loan is repaid.
With a loan, you own the equipment and build equity. With a lease, you pay for usage and may return it, buy it, or upgrade at the end. Loans are better for long-term assets; leases are better for equipment you'll replace frequently.
Equipment financing typically requires 10-20% down, though some lenders offer 100% financing for qualified borrowers. The down payment affects your rate and monthly payments.
Ready to Find the Best Rates?
Compare offers from 75+ lenders with no impact to your credit score.