What types of equipment qualify?

Most business-use equipment qualifies — machinery, vehicles, medical devices, restaurant equipment, construction equipment, technology, and more. The equipment must be identifiable and have a determinable useful life.

Is equipment financing the same as an equipment lease?

No. With financing, you own the equipment and build equity. With a lease, you use the equipment for a period and may have buyout options at the end. The right structure depends on your tax strategy and long-term needs.

Can I finance used equipment?

Yes, though lenders will assess the equipment's age, condition, and remaining useful life. Used equipment financing is common for vehicles, construction equipment, and manufacturing machinery.

Financing Programs›Equipment Financing

Financing Program

Equipment Financing

Equipment financing lets you preserve working capital while acquiring the machinery, vehicles, and technology your business needs. The equipment serves as collateral, enabling competitive rates even for businesses with limited balance sheet strength.

Loan Range

$20,000 – $5,000,000

Term Range

2 – 7 years

Structure

Finance the tools your business runs on

What It's Used For

Common Use Cases

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Purchase construction or manufacturing machinery

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Finance commercial vehicles and fleet expansion

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Acquire medical, dental, or lab equipment

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Upgrade restaurant or food service equipment

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Purchase or lease technology infrastructure

Program Details

Key Features

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Finance up to 100% of equipment cost

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Soft costs (installation, shipping) may be included

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Fixed monthly payments for predictable budgeting

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Available for new and used equipment

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Full ownership at loan maturity

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No blanket lien on business assets in most cases

How It Works

How This Financing Is Structured

Equipment loans use the financed equipment as collateral, reducing risk for the lender. The equipment's useful life typically defines the loan term. Leases may be structured as operating or capital leases depending on accounting and tax objectives.

Fit Assessment