Business equipment loans are an excellent way to purchase or lease equipment you need to grow your business. Instead of paying upfront, you can break payments up into manageable portions and preserve working capital for other needs.
How can I use it?
- Construction machinery and manufacturing equipment
- Computers and CRM software
- Medical or industrial equipment
- Commercial vehicles
Since the equipment serves as collateral, approvals go quickly, allowing you access to funding faster.
Access capital without giving up equity or control.
Fixed payments make budgeting and cash flow planning simple.
Qualify for higher amounts based on revenue—not assets.
Invest in expansion, equipment, or operations with structured funding.
Excellent service, fast response, and funding in the timely way that business requires.
Funds as you need them, when you need them
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In order to be eligible, you must have:
- 1+ year in business
- $500,000+ in annual revenue
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Have this information on hand and you’re all set.
- Business formation documents
- Bank statements (6 months)
- Business tax returns
- Financial statements
Frequently asked questions
A business equipment loan, or heavy equipment financing loan, helps you finance business equipment without upfront payments. Instead, you break the cost into manageable and structured payments, which allows you to preserve working capital for operations and growth. Examples include:
- Construction machinery
- Medical equipment
- Commercial vehicles
- Manufacturing and industrial equipment
- Office tech and hardware
If you’re approved for the loan, a lender will provide you with financing for your business equipment. You will then make structured payments to repay that loan over a set course of time. This length could be anything from short-term bridge loans to long-term loans stretched out over several years.
You have a lot of business equipment financing options which can benefit your company. Some of these include:
- Flexible payment options: Working with a private credit lender, the business can set a customized plan for payments over a term that works for them. Equipment loan term length can vary based on the lender.
- Cash flow for other goals: With the equipment financed through a lender, the business can preserve its cash flow for other important needs, like marketing, labor, or inventory.
- Asset ownership: Over time, the business will gain equity in the equipment as it repays the loan and decreases the overall balance. This eventually leads to asset ownership, which is valuable to any business.
These are just a few examples of the benefits of equipment financing. Talk to your lender to find out other ways these types of loans can help your business grow.
You can buy anything from construction machinery and medical equipment to commercial vehicles, manufacturing and industrial equipment, and office tech and hardware.
Yes! Many lenders will help you finance used business equipment. Make sure to have thoroughly researched the asset’s value prior to applying for the most efficient process.
Equipment financing generally caps at 5 years under most circumstances, but unique situations may qualify for a longer term. Some lenders offer prepayment discounts, which allow you to pay off your financing early in a lump sum and shorten your repayment.
Not at all. Business equipment leasing and loans typically aren’t difficult to get. With decent credit and moderate annual revenue, you should be able to qualify. Since the loans are backed by collateral – the equipment itself – they are less risky to lenders.
Yes. Like any other business loan, LLCs can get an equipment loan as long as they qualify.
Equipment financing funding amounts correlate to the cost of the equipment. Some lenders won’t finance assets above a certain price point, while others may only deal in these specialized assets.
Ready to take the next step? Let’s get you funded.
