Power your vision with equipment financing

Whatever your business needs, there's an equipment loan for that.



From excavators to software, get the funding you need to acquire the tools and technology that will drive your business forward. Explore our wide range of equipment loan options tailored to your industry.

Medical equipment

Get the advanced medical equipment you need to deliver exceptional care, without breaking the bank.


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Farm equipment

Get the equipment you need to cultivate success.  Finance your tractors, harvesters, and more with flexible, affordable payment plans.

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Construction equipment

Get the equipment you need to build your empire.  Finance excavators, bulldozers, loaders, and more with our fast and flexible financing options.

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Restaurant Equipment

Serve up success with the right equipment.  Get the funding you need to upgrade your kitchen, dining area, or anything in between – without breaking the bank.

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Gym equipment 

Power up your gym with the latest equipment!  Flexible financing options to help you acquire top-of-the-line treadmills, weights, and more.  Get started today!

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Commercial vehicles

Get the trucks, vans, or specialized vehicles your business needs to thrive. Flexible financing options for all credit types. Apply now and hit the road!

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How equipment financing works.

Equipment financing is an asset-based lending option designed to help business owners purchase or lease essential equipment without dipping into their working capital. Here’s how it works


  1. Identify Your Needs
Start by determining the equipment your business needs to thrive. Whether it’s heavy machinery, office furniture, or cutting-edge tech, pinpoint what will give your business a boost and estimate the cost.


2. Apply with Us
Complete our quick and hassle-free online application. It’s simple, fast, and gets you one step closer to your goal.


3.Choose Your Plan
Once you apply, we’ll match you with financing options tailored to your needs. Review the choices, and select the one that fits your budget and timeline perfectly.


4.Get Funded, Get Moving
With funds in hand—sometimes in as little as 24 hours—you’re ready to purchase your equipment. Start making repayments on terms that work for your business.


Take the first step toward your next big upgrade—apply today!

Check eligibility

Tax benefits of equipment financing

Equipment financing can offer some attractive tax benefits for businesses.1 Here are a few key advantages:


Section 179 Deduction: This allows you to deduct the full purchase price of qualifying equipment in the year it's placed in service, potentially leading to significant tax savings.

Bonus Depreciation: You can deduct a percentage of the cost of new and used equipment in the first year, further reducing your tax burden.

Interest Expense Deduction: The interest you pay on your equipment financing loan is typically tax-deductible, lowering your overall taxable income.


These tax benefits can make equipment financing a smart and cost-effective way to acquire the assets your business needs to grow and succeed.



Important Note: Tax laws are complex and can change, so it's always best to consult with a tax professional to understand the specific benefits available to your business.


Apply now for funding

Basic qualifications for business or merchant cash advance

While not meeting some of these may make it more challenging to qualify, it's not always a dealbreaker. We encourage you to apply even if you fall short on a few, as each business is evaluated individually.


Get started today, Explore funding options >

CREDIT SCORE

520+

ANNUAL  REVENUE

$50,000

TIME IN BUSINESS

6 MONTHS

How to apply for equipment financing

1. Provide Business Information

  Share a few details about your business by completing a quick and easy application in just minutes. 


2. Submit Your Application

  Submit your application.  The process is free and won’t affect your credit score. 


3. Review and Compare Offers

  Explore funding options to find the terms that align with your business needs and goals. 


4. Receive Your Funds 

  Once you accept an offer, the funds can be deposited into your bank account in as little as 24 hours. 


Get Started

FAQs

Frequently asked question about equipment financing .

  • What is equipment can I finance?

    Empower Your Business with Equipment Leasing or Financing


    Equipment financing offers a versatile solution to meet various business needs, such as:  


    - Heavy machinery   

    -  Commercial Vehicles

    - Restaurant equipment 

    - Medical equipment  

    - Office furniture  

    - Technology systems 

    - Farm equipment  


    No matter your industry, exploring equipment financing options can drive your business toward success. Additionally, many equipment lenders report to business credit agencies. Building strong business credit opens doors to better rates and terms in the future, enhancing your ability to secure loans without needing a personal guarantee.  


    Invest in your business’s growth today—start building for a stronger tomorrow!

  • What is equipment financing?

    Equipment Financing: A Smarter Way to Invest in Your Business


    Equipment financing lets your business acquire the machinery, vehicles, or tools it needs without the burden of paying the full cost upfront. Instead, you can spread the payments over time, keeping your budget manageable while supporting your growth.

  • How is equipment financing different then equipment leasing?

    Understanding the Difference Between Equipment Leases and Equipment Loans  


    The key distinction between an equipment lease and an equipment loan lies in flexibility and ownership:  


    - Equipment Lease: Involves a fixed term where you pay a monthly rental fee, typically without prepayment benefits. Ownership isn’t guaranteed, and terms vary depending on the lease structure.  

    - Equipment Loan: Offers greater flexibility, allowing you to pay off the loan early, with any remaining interest forgiven. Once the loan term ends, you fully own the equipment.  


    Types of Equipment Leasing Structures:  

    1. Equipment Financing Agreement (EFA): Fixed payments over a set term, leading to full ownership of the equipment.  

    2. Fair Market Value (FMV) Lease: Fixed payments over a term, with options to return the equipment, renew the lease, or purchase it at its fair market value at the end.  

    3. Purchase Upon Termination (PUT) Lease: Requires you to purchase the equipment at a predetermined percentage of the original cost once the lease term ends.  


    What About Equipment Financing? 

    Equipment financing provides funding for outright ownership. You’ll make fixed monthly payments, which include both principal and interest. At the end of the financing term, the equipment is fully yours, free and clear.  


    Choose the right option to suit your business needs and take the next step toward growth!

  • Pros and cons of equipment loans?

    The Pros and Cons of Equipment Financing  


    Equipment financing offers a smart way to grow your business by enabling you to acquire new equipment while spreading the costs over time. A major advantage is that the asset itself often serves as collateral, so no additional collateral is typically required. Upgrading your equipment can help increase your revenue potential and expand the reach of your services.  


    However, equipment financing has its limitations. Funds can only be used for equipment purchases and sometimes related soft costs, such as taxes or delivery fees. In contrast, other financing options, like small business loans or lines of credit, offer greater flexibility in how funds are used.  


    Pros of Equipment Financing

    - Helps scale your business.  

    - Allows you to spread out large capital expenses.  

    - Requires no additional collateral beyond the equipment itself.  

    - Equipment purchases may qualify for tax deductions.  


    Cons of Equipment Financing 

    - Funds are restricted to equipment purchases.  

    - Equipment may become outdated and need replacement.  


    Weigh your options and choose the solution that best supports your business goals!

  • How much does equipment financing cost?

    Your equipment financing payments are determined by four things: 


    Funded amount

    Interest rate

    Term

    Collateral


  • How long is a equipment loan?

    The duration of your equipment financing agreement can be customized to align with your business goals and financial 

    preferences.


     While typical terms span from 1 to 10 years, we'll work with you to determine the ideal repayment schedule that suits your specific circumstances. 


  • How hard is to get a equipment loan?

    Qualifying for equipment financing is often simpler than other business financing options since the equipment itself serves as collateral for the loan.

  • Why is equipment financing important?

    Equipment financing enables you to grow your business without depleting your cash reserves by covering the full cost upfront. 


    Additionally, it’s easier to qualify for because the equipment itself acts as collateral, making it a practical and accessible funding option.

  • What are the requirements to qualify for equipment loan?

    Qualifying for Equipment Financing


    While specific requirements may vary depending on the lender and the type of equipment you're seeking, here are some general guidelines:


    Annual Revenue:  Lenders typically look for businesses with a minimum annual revenue of $50,000.

    Credit Score: A credit score of 520 or higher is generally preferred.

    Time in Business: some products welcome business in business as little as 6 months, while others may require a minimum operational history (e.g., two years).


    Don't meet all the criteria? Don't worry!  Contact us to explore your options and find the perfect financing solution for your business.


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Partner with us to fund your business needs

*The information contained in this page is Founder Funding’s opinion based on Founder Funding’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (November 28, 2022). While Founder Funding strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements, and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Founder Funding may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.*

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