Fund the asset that produces the work
Equipment financing for vehicles, machinery and growth.
Explore financing designed around the equipment your business needs to serve more customers and increase capacity.
Find My Funding OptionsUnderstand the structure
How equipment financing works.
Equipment financing is commonly used to purchase vehicles, machinery, technology and other productive assets. The equipment itself often supports the financing as collateral, which can make this structure different from an unsecured business loan.
Compare the useful life of the equipment with the financing term. The business should avoid making payments long after an asset stops producing value. Also review down payment, liens, insurance requirements, maintenance responsibility and any end of term purchase option.
A practical process
Prepare before you apply.
Choose the asset
Collect the price, specifications, vendor information and expected delivery date.
Measure the return
Estimate the revenue, capacity or cost savings the equipment should create.
Compare ownership terms
Understand collateral, down payment, insurance and what happens at the end of the term.
Compare with care
What to review before accepting.
Asset life
The financing term should make sense relative to how long the equipment remains useful.
Down payment
A lower upfront payment may change the total financing cost.
Ownership and liens
Confirm who owns the equipment and what security interest the provider holds.
Common questions
Equipment Financing FAQ
What equipment can be financed?
Vehicles, construction equipment, manufacturing machinery, restaurant equipment, medical devices and technology are common examples. Eligibility varies.
Does the equipment serve as collateral?
Often it does, but the provider may require additional security or a personal guarantee depending on the transaction.
Can used equipment be financed?
Some providers finance used equipment, subject to its age, condition, value and remaining useful life.