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Equipment Financing Calculator

Estimate a monthly payment in seconds, then apply if it fits your business.

Illustrative Estimate
No Impact to Credit
Matched to Real Programs
Apply When Ready

What is a Equipment Financing calculator?

An equipment financing calculator estimates the monthly payment for financing a piece of business equipment – machinery, vehicles, technology, or other equipment purchases. Enter the equipment cost, how long you want to spread the payments over, and an estimated rate to see an illustrative monthly cost.

Equipment financing is often structured with the equipment itself as collateral, which can make the numbers a little different from a general-purpose business loan – but the underlying payment math works the same way.

Estimated monthly payment

Illustrative estimate only. Actual rates, terms, and monthly payment amounts for equipment financing depend on your business profile and the specific program you're matched to. Not a commitment to lend.

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Amortization Schedule

How each payment splits between principal and interest over time.

Month Payment Principal Interest Balance

What is the Equipment Financing formula?

Equipment financing payments are typically calculated with the same amortizing loan formula as a standard term loan: the equipment cost (principal), your term in months, and your estimated interest rate combine to produce a fixed monthly payment.

Some equipment financing programs also factor in a down payment or the equipment’s expected resale value at the end of the term, which can change your effective financed amount – your funding specialist can walk you through how this applies to your matched program.

Standard amortizing payment formula:

Payment = P × (r × (1 + r)n) / ((1 + r)n − 1)

Where P is the funding amount, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments (term).

Frequently asked questions

This depends on the program - some require a down payment, others may finance the full cost. Your funding specialist will confirm the specifics once you're matched to a program.
This depends on the specific lending program. Your funding specialist can confirm whether your matched program supports used equipment purchases.
Often, yes - equipment financing is commonly secured by the equipment itself, which can make qualification more straightforward than unsecured funding. Specifics vary by program.
No — this is an illustrative amortized estimate based on the equipment cost, term, and rate you enter. Your actual payment depends on the specific equipment financing program, any down payment required, and your business profile.
A longer term spreads the equipment cost over more months, lowering the monthly payment, but you'll pay more total interest over the life of the financing — a shorter term does the opposite.
A higher rate increases both your monthly payment and total financing cost. Equipment-secured financing sometimes qualifies for a lower rate than unsecured funding since the equipment itself backs the loan.
Yes, testing equipment cost, term, and rate combinations here doesn't require an application or affect your credit.
If the estimate fits your budget, you can apply. A funding specialist reviews your business profile and the equipment you're financing against programs in our lending network.

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