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Equipment Financing
The equipment is the collateral, so approval is easier.
Amount
$10K – $5M
Speed
Typically 2–5 days
Term
1 – 6 years
Collateral
The equipment itself
Financing tied to a specific asset — trucks, machinery, technology. Because the equipment secures the loan, rates are lower and approval is easier than unsecured options.
How it works
You tell us what you're buying (new or used, dealer or private). The lender finances the purchase with the equipment as collateral, so even thinner-credit borrowers often qualify.
Funds are typically arranged in 2–5 days, paid toward the purchase.
Things to weigh
- •Lower rates than unsecured borrowing because the lender can repossess the asset if needed.
- •Best when the purchase has a clear ROI — the equipment should earn more than it costs to finance.