Equipment Financing for small business.
Equipment financing covers the purchase of trucks, machinery, kitchen equipment, computers, or any tangible business asset. The equipment serves as collateral, which keeps pricing competitive.
How equipment financing works
You provide an invoice or quote from a vendor. Underwriting reviews the equipment value, your business financials, and the owner's personal credit. If approved, the lender pays the vendor directly and you receive the equipment.
How this product is structured
The written offer and financing contract contain the economic terms that apply to this structure — including the total repayment where the structure establishes one — before you commit.
Typical profile
- At least 12 months in business (startups considered with strong credit)
- Vendor invoice or quote
- Estimated personal credit score of 620+
- Business and personal tax returns for larger files
Requirements vary by product, provider, and overall business profile.
What shapes your terms
No single number decides an offer. Underwriting weighs how these factors combine on your file:
- Revenue level and deposit consistency
- Time in business and industry
- Existing obligations and payment history
- Collateral or guarantees, where the structure uses them
- Documentation completeness and overall file quality
- The structure itself — pricing mechanics differ by product
Who equipment financing fits
Equipment financing fits any operator buying a tangible business asset that holds value — trucks, kitchen equipment, machinery, medical devices, tech buildouts. Because the equipment secures the loan, rates are typically lower than unsecured funding.