Explore equipment financing options to purchase or finance vehicles, machinery, technology, tools, and other equipment your business needs to operate and grow.
EQUIPMENT FINANCING ELIGIBILITY
Equipment financing eligibility can depend on your business profile as well as the equipment you want to finance. Providers may consider the equipment, business revenue, operating history, credit profile, and other factors.
The type, purchase price, age, condition, and expected value of the equipment may affect available financing options and terms.
Providers may consider business revenue and cash flow when evaluating whether the business can support the proposed equipment financing.
Your operating history may affect eligibility because equipment financing providers can have different minimum time-in-business requirements.
Personal or business credit, industry, existing obligations, requested amount, business structure, and other factors may affect eligibility and available terms.
Frequently Asked Questions
Learn how equipment financing works, what may affect eligibility, and what businesses should know before applying.
Equipment financing is a type of business financing designed to help businesses purchase or finance equipment. Depending on the financing structure, the equipment itself may help secure the financing.
Depending on the provider and business, financing may be available for vehicles, construction equipment, machinery, medical equipment, restaurant equipment, technology, commercial tools, and other business-use equipment.
There is no single credit score requirement for all equipment financing providers. Credit profile may be considered along with business revenue, cash flow, time in business, equipment value, industry, and other eligibility factors.
Potentially. Some financing providers may consider applicants with lower credit scores, particularly when other parts of the business profile are strong. Learn more about business funding with bad credit. Approval and available terms depend on the provider and overall eligibility.
Both new and used equipment may be eligible for financing. Requirements can vary based on the equipment's age, condition, value, useful life, seller, and the financing provider's guidelines.
Potential financing amounts vary. Providers may consider the equipment purchase price and value, business revenue, cash flow, credit profile, operating history, existing obligations, and other eligibility requirements.
Timelines vary by provider, equipment, financing structure, and application. Businesses looking for quicker financing can also explore fast business funding. The process may depend on document review, equipment verification, eligibility, and how quickly required information is provided.
Explore Your Options
Looking to purchase equipment for your business? Explore potential equipment financing options based on your business profile, equipment needs, revenue, credit, and other eligibility factors.
Applying does not guarantee approval or funding. Available options, amounts, rates, terms, and requirements vary based on eligibility.