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What is Equipment Financing?

Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. Applying for an equipment loan is typically a fast and easy way to finance the purchase of most types of equipment—computers, machinery, vehicles, or whatever else you need.

Maximum Loan Amount

Up to 100% of equipment value

Loan Term

Expected life of equipment

Interest Rates

8 – 30%

Speed

As fast as 2 days
Pros
  • Quick access to cash
  • Limited paperwork
  • Equipment serves as collateral
Cons
  • Equipment could be obsolete by the time the loan is fully repaid
  • Might need to depreciate equipment, so you can’t deduct full cost each year