Get Equipment Financing Today

Credit requirements vary by lender and financing type. Traditional bank loans typically require 680+ credit scores, while alternative lenders may work with scores as low as 550-600. The equipment itself serves as collateral, which can help qualify businesses with lower credit. We help you find lenders that match your credit profile.

Many equipment lenders provide decisions within 24-48 hours for qualified applicants. Funding timelines typically range from same-day to 2 weeks depending on the lender, equipment type, and documentation requirements. Our comparison tools help you identify which lenders offer the fastest approval process.

Equipment financing (loans) means you own the equipment outright after paying off the loan. You can claim depreciation and Section 179 deductions. Equipment leasing means you rent the equipment and may have options to buy, upgrade, or return it at lease end. Leases often have lower monthly payments but may cost more long-term.

Yes, most equipment lenders finance used and refurbished equipment. However, the equipment's age, condition, and remaining useful life will affect approval odds and terms. Newer used equipment typically qualifies for better rates. Some lenders specialize in specific equipment types and may offer better terms for used machinery.

Section 179 allows businesses to deduct the full purchase price of qualifying equipment in the year it's placed in service, rather than depreciating it over several years. For 2026, businesses can deduct up to $1.16 million in equipment purchases. This can significantly reduce your tax liability and effective cost of new equipment. Learn more about Section 179.