How equipment financing works
The loan is tied to one purchase: the excavator, the truck, the production line, the ovens. The lender funds up to the full value of it, holds a lien until you have repaid, and sets the term against the working life of the equipment. You should not still be paying for a machine after it has stopped earning.
Because the equipment itself is the security, you generally do not pledge other assets, and approval leans on what you are buying as much as on your revenue. Bring a quote or an invoice with the rest of your file and funding can happen in as few as 48 hours.
New and used both work. Lenders differ on how old a machine they will fund and what types they will touch, which is exactly the matching an advisor does before your file goes anywhere.
At a glance
- Amount
- Up to 100% of value
- Funded in
- As few as 48 hours
- Term
- Life of equipment
Common uses: Machinery · Vehicles · Heavy equipment
Ranges are typical for this product type and are not an offer of credit — your options depend on your business profile.
What businesses finance
Machinery and production equipment
Manufacturing lines, kitchen equipment, dental and medical hardware. The machines the business earns with.
Vehicles and fleet
Work trucks, trailers, delivery vans. Added when the work is there, paid for while they work.
Heavy equipment
Excavators, loaders, lifts. Big-ticket assets financed against their own value instead of your cash reserves.
Where it's strong — and what to weigh
No product suits every business. If this one doesn't fit yours, an advisor will say so and point at what does.
Where it's strong
- Up to 100% of the equipment's value, so your cash stays put
- The equipment is the collateral. Other assets usually stay clear
- Terms matched to the working life of what you are buying
- Approval leans on the asset and your revenue, not a score gate
Worth weighing
- The money buys the named equipment. It is not working capital
- Default puts the equipment at risk. The lender holds a lien
- For equipment that dates quickly, check the term against real life
- Lenders differ on used equipment. Placement is most of the work
- 1+year in business
- We fund established businesses with consistent revenue.
- 50states
- Available to businesses across the United States.
- 48hours
- A real first answer, not an acknowledgement.
- 1advisor
- The same person from your first conversation through funding.
Equipment Financing: common questions
What business owners ask us most about it. See all questions.
Can I finance used equipment?
Usually yes. Lenders differ on age and type, and part of our job is matching your specific purchase to the lenders who fund exactly that.
Do I need a down payment?
Often little or none, since financing can reach 100% of the equipment's value. It depends on the lender, the machine, and your file, and your advisor will tell you what a specific offer requires before you commit.
Who owns the equipment while I am repaying?
You do. The lender holds a lien until the loan is repaid, the same way a car loan works. A lease is a different structure, and if a lease suits your situation better your advisor will say so.
What do lenders need to approve it?
A quote or invoice for the equipment, plus the standard file: time in business, revenue, bank statements. With that in hand, funding runs in as few as 48 hours.
Find out where your business stands.
Six quick questions, no effect on your credit, and a real answer from an advisor within 48 hours.
