Finance the Equipment Your Business Needs to Grow

Equipment financing is commercial financing used to purchase or refinance a defined business asset. The financed equipment commonly serves as collateral, and the payment schedule may be designed around its expected useful life. Approval depends on the business, asset, vendor, credit profile and provider criteria.

• Manufacturing machinery.
• Construction equipment.
• Commercial vehicles.
• Medical and dental equipment.
• Restaurant equipment.
• Computers, software systems and technology.
• Warehouse and material-handling equipment.

• Equipment quote or purchase agreement.
• Asset age, condition and expected useful life.
• Vendor information.
• Business revenue and bank statements.
• Time in business and credit profile.
• Down payment or equity contribution.

• Purchase price and financed amount.
• Down payment.
• Term and payment amount.
• Rate, fees and total cost.
• Ownership and lien structure.
• Insurance requirements.
• End-of-term obligations for leases.

Is equipment financing unsecured?

Usually not entirely. The financed equipment commonly secures the transaction, even when no additional collateral is required.

Can used equipment be financed?

Some providers finance used equipment, subject to age, condition, valuation, vendor and useful-life requirements.

Is a lease the same as an equipment loan?

No. Ownership, tax treatment, purchase options and end-of-term obligations differ. Review the exact structure with professional advisers.

How quickly can equipment financing close?

Timing depends on the asset, vendor documents, valuation and provider review. Simple transactions may move quickly; specialized assets can require more time.

Can financing cover installation or delivery?

Some providers allow eligible soft costs to be included. Confirm before signing the vendor agreement.

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• Working Capital
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• Business Funding FAQ