Equipment financing for your business
Buy or lease the machinery, vehicles, and technology your business runs on without draining your cash. Funding ranges from $50,000 to $10,000,000, often in 1 to 3 business days.
Check your eligibilityWhat equipment financing is
You get funding to purchase or lease a specific piece of equipment. In many cases the equipment serves as the collateral, so you may not need to pledge other assets. That keeps your working capital free for payroll, inventory, and day-to-day costs while you pay the equipment off over time.
This covers a wide range: production machinery, trucks and fleet vehicles, kitchen and medical equipment, computers, and other hardware your operation depends on.
How it works
Most businesses qualify with at least three months in business and around $10,000 in monthly deposits. Checking your options does not affect your credit, and there are no application fees.
- Send a one-page application and your three most recent business bank statements.
- A funding specialist confirms the equipment, the amount, and your terms.
- Sign your documents and put the equipment to work.
When it makes sense
Reach for equipment financing when a purchase is too large to pay for outright but the equipment will earn its keep. A restaurant buying a walk-in cooler, a trucking company adding a rig, a clinic upgrading imaging hardware. You spread the cost across the years the equipment serves you, and you hold onto your cash for everything else.
Because the equipment often acts as collateral, rates can be lower than unsecured options. If you want flexible, draw-as-you-go access instead, compare a business line of credit, or look at business term loans for a single lump sum with fixed payments.
Equipment financing questions, answered
Can I finance used equipment? +
Yes. You can finance both new and used equipment, including production machinery, trucks and fleet vehicles, kitchen and medical equipment, computers, and other hardware your business depends on.
Do I need separate collateral? +
Often no. In many cases the equipment itself serves as the collateral for the deal, so you may not need to pledge other assets. Because the equipment backs the financing, rates can be lower than unsecured options.
How fast can I get funded? +
Approved deals often fund in 1 to 3 business days. After you send a one-page application and your three most recent business bank statements, a funding specialist confirms the equipment, amount, and terms, then you sign and put it to work.
What do I need to qualify? +
Most businesses qualify with at least three months in business and around $10,000 in monthly deposits. Checking your options uses a soft pull, so it does not affect your credit, and there are no application fees.
Explore all your options on the business financing and loan products hub, or contact us to talk it through.
Ready to finance your equipment?
Apply in minutes with no fee and no impact to your credit for applying.