01
Preserve Working Capital
Finance equipment instead of paying cash, keeping your reserves available for operations.
Equipment Financing
Finance new or used equipment without depleting your working capital. Get the machinery, vehicles, or technology your business needs to grow, with the equipment itself serving as collateral.
- Financing from $10,000 to $1,000,000
- Terms up to 72 months
- Same day approval available
What You Need to Qualify
$30,000+
Minimum Monthly Revenue
6+ months
Established Business History
How much funding do you need?
Drag the slider or type an amount
$
$20K$5M
Only Takes 30 Seconds
Applying is free and won't impact your credit score
From Quote to Equipment in Four Steps
01
Pick Your Equipment
Tell us what you want to buy, new or used, and share the vendor quote or invoice. It takes a few minutes.
02
Get Your Financing Offer
We review your business and the equipment itself. Because the equipment secures the financing, approvals can come the same day.
03
Match Terms to Useful Life
Choose a term that fits how long the equipment will earn for you, typically 24 to 72 months, with fixed payments you can plan around.
04
Put It to Work
We pay the vendor directly and you take delivery. Your cash reserves stay in the bank for payroll, inventory, and operations.
Why Smart Businesses Finance Their Equipment
What Is Equipment Financing?
Equipment financing is a loan used to buy business equipment, where the equipment you purchase secures the loan. You get the asset now and pay for it over time.
Here is how it works: you choose the equipment, we finance the purchase, and you repay in fixed installments over a term matched to the equipment's useful life. Because the equipment serves as collateral, lenders take on less risk than with an unsecured loan, which can mean easier approval and better terms. Once the final payment is made, the equipment is yours free and clear.
Equipment Financing Specifications
Equipment financing is priced as an annual interest rate on a fixed term. Your rate depends on your business profile, the type of equipment, and whether it is new or used.
Used equipment can be financed too, though terms may differ based on its age and condition.
- Loan Amounts
- $10,000 to $1,000,000
- Rates
- 3% to 10% APR
- Terms
- 24 to 72 months
- Speed
- Same day approval
Businesses That Rely on Equipment Financing
Any business whose revenue depends on machinery, vehicles, or technology can use equipment financing to grow without draining cash.
- Construction CompaniesExcavators, loaders, and dump trucks are expensive. Financing lets you take on more projects without tying up cash in heavy equipment.
- Trucking and TransportationAdd trucks and trailers to your fleet and pay for them over time while they generate revenue on the road.
- Restaurants and Food ServiceUpgrade ovens, refrigeration, and kitchen lines to boost efficiency and cut maintenance costs from aging equipment.
- Medical and Dental PracticesInvest in diagnostic, imaging, and treatment equipment that improves patient care and expands the services you offer.
- Manufacturers and DistributorsAdd production machinery or warehouse equipment to raise output and keep pace with larger orders.
- Farms and AgricultureFinance tractors, harvesters, and irrigation systems with terms that fit the long working life of farm equipment.
How Credit Scores Factor Into Equipment Financing
Equipment financing is often more accessible than unsecured loans because the equipment serves as collateral. Lenders look at the whole picture, not just your score.
- The equipment's value helps secure the financing
- Time in business affects approval and terms
- Steady revenue shows you can handle payments
- Equipment type, age, and condition shape the offer
Good news
Because the asset itself backs the financing, business owners with less than perfect credit can still qualify. We work with various credit profiles.
Strong Credit Profile
Lower rates, longer terms, higher amounts
760Score
Developing Credit Profile
Options still available, backed by the equipment
502Score
Equipment Financing at a Glance
$10K-$1M
financing range for new and used equipment, from a single piece of technology to a full fleet of vehicles.
Source: Tree of Life Funding
24-72 mo
typical terms, matched to the useful life of your equipment so payments line up with the value it produces.
Source: Tree of Life Funding
Sec. 179
the tax code section that may let you deduct qualifying equipment purchases. Consult your accountant before relying on it.
Source: IRS Tax Code
Evaluating Equipment Financing
Pros
- Keeps your working capital available for operations
- The equipment serves as collateral
- Often more accessible than unsecured loans
- Fixed payments matched to the equipment's useful life
- Finance new or used equipment
- You own the equipment at the end of the term
Cons
- Funds can only be used for the equipment purchase
- The equipment can be repossessed if you default
- Used equipment may come with different terms
- Equipment can lose value faster than the loan is paid down
Equipment Financing vs Other Funding Options
| Loan Type | Max Amount | Rates | Speed |
|---|---|---|---|
| Equipment Financing | $10K to $1M | 3% to 10% APR | Same day approval |
| Business Term Loan | $50K to $5M | 6% to 25% APR | 1 to 3 days |
| Working Capital Loan | $25K to $5M | 1% to 4% monthly | 24 to 48 hours |
| Business Line of Credit | $25K to $5M | 1% to 3% monthly | 1 to 3 days |
| Merchant Cash Advance | $10K to $5M | Factor 1.1 to 1.5 | Same day to 48 hrs |
Equipment Financing Qualification Basics
- Equipment Cost
- $10K+
- Equipment Condition
- New or Used
- Available Terms
- Up to 72 mo
Get Your Equipment Financed
The application focuses on your business and the equipment you want. Approvals can come the same day you apply.
Apply for Equipment FinancingStep 1: Submit Application
Provide basic business information and tell us what equipment you need and what it costs. Takes about 5 minutes to complete.
Step 2: Share Equipment Details
Send the vendor quote or invoice along with recent bank statements so we can size the right offer.
Step 3: Review and Accept
Receive your offer with clear terms showing the rate, term length, and fixed payment amount before you sign.
Similar Funding Products
If equipment financing is not the right fit, these alternatives might work better for your situation.
Equipment Financing by Industry
These industries commonly use equipment financing to upgrade and expand.
Construction Equipment Financing
Heavy machinery and vehicles
View IndustryTrucking Equipment Financing
Trucks, trailers, and fleet growth
View IndustryRestaurant Equipment Financing
Kitchen and food service equipment
View IndustryMedical Equipment Financing
Diagnostic and treatment equipment
View IndustryFAQs
Equipment Financing Questions
Almost any business equipment, including machinery, vehicles, technology, medical equipment, restaurant equipment, construction equipment, and more.
Yes. With equipment financing (as opposed to leasing), you own the equipment and build equity. At the end of the term, it is yours free and clear.
Equipment financing is often more accessible than unsecured loans because the equipment serves as collateral. We work with various credit profiles.
Yes. We finance both new and used equipment, though used equipment may have different terms based on its age and condition.
Terms typically run from 24 to 72 months. We aim to match the term to the useful life of the equipment so you are not still paying for it long after it stops producing.
It depends on your business profile and the equipment. Some deals require a down payment and others do not. Your offer will spell out exactly what is required.
Financed equipment may qualify for Section 179 deductions, which can let you deduct some or all of the purchase price in the year it is placed in service. Tax rules change and depend on your situation, so consult your accountant.
With financing, you borrow to buy the equipment and own it once the loan is repaid. With a lease, you pay to use the equipment and may return it or buy it at the end. Financing builds equity, while leasing can mean lower payments and easier upgrades.
Approvals can come the same day you apply when your application and equipment details are complete. We pay the vendor directly once you accept your offer.
No. Equipment financing is tied to the purchase of specific equipment. If you need flexible funds for other purposes, a working capital loan or line of credit may be a better fit.
Get the Equipment You Need Today
Find out how much you qualify for without draining your cash reserves. Our team finances new and used equipment for businesses of all sizes.
How much funding do you need?
Drag the slider or type an amount
$
$20K$5M
Only Takes 30 Seconds
Applying is free and won't impact your credit score