Equipment Loans

Whether a business is focused on manufacturing, IT systems, or running a restaurant, it needs equipment to keep things moving. But, high-quality equipment can be expensive to buy or replace. To help small businesses get over this hurdle, lenders offer a range of financing products based on the value of the equipment.

EQUIPMENT LOANS

Overview

Equipment loans provide financing to purchase, upgrade, or leverage the value of business equipment. These loans cover more than just machinery — they can include technology, vehicles, or commercial tools essential to operations. Depending on the structure, businesses can buy equipment outright, lease it to avoid maintenance costs, or use a sale-leaseback to free up capital while continuing to operate the equipment.

New Purchases

Acquire the latest equipment to expand production or improve efficiency.

Leasing Options

Use equipment without the full responsibility of ownership and upkeep.

Sale-Leaseback

Sell existing equipment for cash while keeping it in use through regular payments.

KEY FEATURES AT A GLANCE

Loan Highlights

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Equipment Value

Lenders assess the value of equipment and offer a percentage of its worth.

Leasing Option

Leasing can often be a better option than purchasing equipment.

Leaseback Lump Sum

A sales leaseback can generate a lump sum upfront that can be paid back monthly.

150+

Lenders in our network

$500M

In available funds

24H

Fastest close

BENEFITS THAT ADD VALUE

Pros

Loan Stacking

Equipment can be financed even if there’s already another loan in place.

Credit Leniency

Since the loan is secured on the equipment, credit history plays less of a part in the approval.

Asset Protection

Borrowers don’t risk losing other assets if they default on the loan.

FACTORS TO CONSIDER CAREFULLY

Cons

Use Limits

Equipment loans should only be used to cover equipment that lasts five years or more.

Asset Removal

Leasing and sales leaseback options remove the equipment from the business’s assets.

Higher Rates

Interest rates on some loans can be high.

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