Equipment Financing for Whatever Runs Your Business

Equipment financing covers the physical tools your business runs on — commercial vehicles, manufacturing or construction machinery, medical or restaurant equipment, technology hardware, and more. Instead of paying cash upfront, you spread the cost over time while the equipment itself goes to work for your business.

If you're weighing equipment financing against general-purpose funding, our working capital loans page covers options better suited to day-to-day expenses rather than a specific purchase.

Financing means you're working toward ownership — you make payments and own the equipment outright once the loan is paid off, and the equipment builds equity for your business along the way. Leasing, by contrast, usually means lower payments but no ownership at the end unless you exercise a buyout option.

Which makes more sense depends on how long you plan to use the equipment and whether it's likely to need replacing or upgrading before it's paid off.

To qualify, your business should generally be operating for at least 3 months and generating revenue. There's no hard credit check to see what you qualify for, and there's no fixed maximum on the financing available.

Because the equipment itself typically serves as collateral, equipment financing can be more accessible than unsecured options for businesses that need a larger amount or have a shorter credit history.