Lender Comparison

Best Equipment Financing Companies of 2026

Independent comparison of top equipment lenders for US businesses

Last Updated: January 11, 2026

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Lender

Qualification

Financing Range

Specialty

Action

#1 Overall

Credion Finance Our Partner

4.9

Min Credit

630-650+

Approval

Pre-approval in 60 seconds

Loan Size

$20K - $5M

Terms

3-7 years (36-84 months)

Best For

Construction, heavy machinery, and medical equipment with credit-building focus

Full Review →

Pros

Monthly payments (not daily/weekly)
Wide credit score coverage (630+)
Fast pre-qualification (60 seconds)
Tech + human approach for best-match offers
Bankability Program to build credit profile
Multiple financing solutions (loans, leases, lines of credit)
Industry specialists for construction, ag, and medical sectors

Cons

• Final terms depend on credit profile and equipment
• Documentation required for underwriting
• Newer company compared to established players

Best For

Construction, heavy machinery, and medical equipment with credit-building focus

Rates

Competitive bank-level rates

Terms

3-7 years (36-84 months)

Credit

630-650+

Max Loan

$20K - $5M

Low Minimums

Crest Capital

4.6

Min Credit

650+

Approval

Same-day approval possible

Loan Size

$5,000 - $250,000

Terms

24-84 months

Best For

Small to mid-size equipment purchases with low $5K minimum

Full Review →

Pros

Low minimum loan amount ($5,000)
Soft credit pull (no hard inquiry)
Finances 100% of equipment cost + soft costs
No tax returns needed for amounts up to $250K
Same-day decisions possible
Multiple financing structures (EFA, $1 buyout, PUT option)

Cons

• Requires 650+ credit score
• Must be profitable with 2+ years in business
• Rates not publicly disclosed

Best For

Small to mid-size equipment purchases with low $5K minimum

Rates

Competitive with banks (undisclosed)

Terms

24-84 months

Credit

650+

Max Loan

$5,000 - $250,000

Fair Credit OK

National Funding

4.7

Min Credit

580+ (Fair credit accepted)

Approval

Fast approval process

Loan Size

Up to $500,000

Terms

Flexible terms available

Best For

Business owners with fair credit (580+) needing flexible approval

Full Review →

Pros

Accepts fair credit scores (580+)
$4.5 billion+ in funding provided
A+ Better Business Bureau rating
Flexible approval criteria
Wide range of equipment types financed

Cons

• Higher rates for lower credit scores
• Terms may be shorter for fair credit applicants
• Less transparent pricing structure

Best For

Business owners with fair credit (580+) needing flexible approval

Rates

Varies by credit profile

Terms

Flexible terms available

Credit

580+ (Fair credit accepted)

Max Loan

Up to $500,000

Fast Funding

OnDeck

4.5

Min Credit

625+

Approval

Same-day funding possible

Loan Size

Up to $250,000

Terms

Up to 24 months

Best For

Newer businesses needing same-day equipment funding

Full Review →

Pros

$15 billion+ in funding provided
Same-day funding available
Works with newer businesses
Easy online application
Also offers business lines of credit

Cons

• Higher interest rates (50-60% average)
• Shorter repayment terms (max 24 months)
• Higher monthly payments due to short terms

Best For

Newer businesses needing same-day equipment funding

Rates

Starting at 29.9% (avg 50-60%)

Terms

Up to 24 months

Credit

625+

Max Loan

Up to $250,000

Large Loans

Balboa Capital

4.6

Min Credit

Varies

Approval

1-hour approval, same-day funding

Loan Size

Up to $500,000

Terms

Flexible

Best For

High-value equipment up to $500K with 1-hour approval

Full Review →

Pros

Highest loan amounts (up to $500K)
1-hour approval process
Same-day funding available
Hard or soft collateral accepted
Soft collateral OK for loans ≤$350K

Cons

• Interest rates not disclosed
• Hard collateral required for loans >$350K
• Less transparent fee structure

Best For

High-value equipment up to $500K with 1-hour approval

Rates

Not publicly disclosed

Terms

Flexible

Credit

Varies

Max Loan

Up to $500,000

$0 Down Option

Cardiff

4.7

Min Credit

Varies

Approval

5-minute application

Loan Size

Varies

Terms

Flexible

Best For

Equipment financing with $0 down payment and 5-min application

Full Review →

Pros

$0 down payment option available
Fast 5-minute application
Flexible financing structures
Wide range of equipment types

Cons

• Credit requirements not clearly disclosed
• Rates and terms not transparent
• Less established than competitors

Best For

Equipment financing with $0 down payment and 5-min application

Rates

Not disclosed

Terms

Flexible

Credit

Varies

Max Loan

Varies

Industry Veteran

Kapitus

4.5

Min Credit

Varies

Approval

Fast approval

Loan Size

Varies

Terms

Flexible

Best For

Diverse industries with $5B+ funded since 2006

Full Review →

Pros

$5 billion+ in funding since 2006
Finances very wide range of industries
Established track record (18+ years)
Multiple financing products

Cons

• Rates not publicly disclosed
• Credit requirements unclear
• Less transparent pricing and terms

Best For

Diverse industries with $5B+ funded since 2006

Rates

Not disclosed

Terms

Flexible

Credit

Varies

Max Loan

Varies

How We Compare Equipment Lenders

Our comparison is based on publicly available information from lender websites, independent industry reviews, Better Business Bureau ratings, and verified customer feedback. We evaluate lenders on credit requirements, approval speed, loan amounts, terms, transparency, and customer experience.

Sources

• Better Business Bureau ratings and accreditation
• Verified customer reviews from industry sources
• Direct lender disclosures and program documentation
• Independent analysis of terms and requirements

Rates, terms, and requirements are subject to change and depend on credit profile, time in business, and equipment type. This comparison is for informational purposes and does not constitute financial advice. EquipRates may receive compensation from featured lenders, which helps us maintain this free comparison tool.

Resource Center

Equipment Financing with Bad Credit: Your Complete Guide to Approval

Best Equipment Financing Companies of 2026

Credion Finance Our Partner

Pros

Cons

Crest Capital

Pros

Cons

National Funding

Pros

Cons

OnDeck

Pros

Cons

Balboa Capital

Pros

Cons

Cardiff

Pros

Cons

Kapitus

Pros

Cons

How We Compare Equipment Lenders

Sources