EF
Equipment Financing
Get the equipment your business needs without draining cash reserves.
$10,000 – $5,000,000
Typical Amount
12 – 72 months
Typical Term
3 – 10 days
Approval Speed
Construction Companies
Best For
What is Equipment Financing?
Equipment financing allows you to purchase or lease business equipment with the equipment itself serving as collateral. This makes it easier to qualify for than unsecured funding, and it preserves your cash flow for other business needs.
Ideal For
Construction Companies
Medical Practices
Restaurants
Manufacturing
Transportation & Trucking
Requirements
Equipment quote or invoice
3+ months bank statements
$10,000+ monthly revenue
6+ months in business
Pros
Equipment serves as collateral (easier approval)
Longer repayment terms
Fixed monthly payments
May qualify for tax deductions (Section 179)
Preserves working capital
Cons
Limited to equipment purchases
Equipment can be repossessed on default
Slower approval than MCA
Down payment may be required
Frequently Asked Questions
What types of equipment can be financed?
Nearly any business equipment: vehicles, machinery, medical equipment, restaurant equipment, technology, construction equipment, and more. The equipment must have a useful life that exceeds the financing term.
See If You Qualify for Equipment Financing
Upload your bank statements anonymously and get an instant underwriter-grade analysis. No credit pull. No commitment. No one contacts you unless you want them to.