What Is Equipment Financing?
Equipment financing lets you purchase or lease the equipment your business needs and pay for it over time. Because the equipment itself serves as collateral, it's often easier to qualify for than unsecured financing, and you can put the equipment to work generating revenue right away.
A Good Fit For
- Trucks, trailers and commercial vehicles
- Construction and manufacturing machinery
- Restaurant, medical and auto repair equipment
- Technology and office equipment
What You'll Need
- A short application
- A quote or invoice for the equipment
- Recent business bank statements
How It Works
- Apply. Complete a short application online or by phone. It won't affect your credit score.
- Review your options. A funding specialist explains your offers, including total cost and terms.
- Get funded. Accept the option that works best for you and receive your funds.
New and used equipment can both be financed. Terms typically align with the useful life of the equipment.