What is Equipment Financing?
Equipment financing lets you purchase or lease business equipment while spreading the cost over time, rather than paying the full price upfront out of working capital.
How it works
From application to funding, in 4 steps.
Apply
Tell us about your business and the equipment you need to finance.
Get Matched
We match you to equipment financing programs in our lending network.
Choose Your Offer
Compare terms and select the option that fits your purchase.
Get Your Equipment
Complete documentation and move forward with your purchase.
Who it's for
Equipment financing suits businesses that need to purchase machinery, vehicles, technology, or other equipment but want to preserve cash for day-to-day operations.
Benefits
Preserve Working Capital
Spread the cost instead of paying it all upfront.
Equipment as Collateral
Often secured by the equipment itself.
Predictable Payments
Fixed monthly payments over the term.
Qualification & required documents
Qualification often considers the equipment being financed alongside standard business documentation, such as:
Your funding specialist will confirm what is needed for your specific equipment purchase.
Example scenarios
A few ways businesses put Equipment Financing to work.
Replacing Aging Equipment
Upgrading worn machinery without draining cash reserves.
Buying a Commercial Vehicle
Financing a truck or van for business use.
New Technology
Upgrading point-of-sale or production technology.
How it compares
A starting point - your funding specialist will confirm what fits your business.
| Compared To | Key Difference |
|---|---|
| Equipment Financing vs. Term Loan: | Equipment financing is tied specifically to an equipment purchase and often uses the equipment as collateral, which can make it more accessible than a general-purpose term loan. |
Frequently asked questions
Industries we fund
Common funding needs this covers
Ready to explore Equipment Financing?
One application, matched to funding options across our lending network.