Equipment Financing
Fund the purchase of equipment using the asset itself as collateral.
Equipment financing allows businesses to acquire machinery, vehicles, technology, medical devices, or heavy equipment without paying the full cost upfront. The equipment itself serves as collateral, which typically results in lower rates and easier approval compared to unsecured loans - even for newer businesses. Payments are structured over the useful life of the equipment, preserving working capital for day-to-day operations.
At the end of the term, the business owns the asset outright. Financing can cover up to 100% of the equipment's value, and approvals are often faster than traditional loans because the collateral is clearly defined.
Common uses include manufacturing machinery, commercial vehicles, restaurant equipment, medical tools, and IT infrastructure.
Example
A moving company needs three new cargo trucks at $85,000 each — a $255,000 total investment. Rather than depleting cash reserves, they finance all three over 60 months. The trucks generate revenue from day one, and by the time the loan is paid off, they own assets worth a combined $130,000+ at resale value.
