Funding path
Equipment financing
Equipment financing is structured around a specific business asset, which often serves as collateral for the financing.
When it may fit
- —Vehicles, machinery, technology, or specialized tools
- —Preserving cash while acquiring revenue-producing assets
- —Businesses with a clear equipment quote or invoice
What to expect
- —The equipment commonly secures the financing
- —Terms may track the useful life of the asset
- —Down-payment requirements vary
What to prepare
- —Vendor quote or equipment invoice
- —Business bank statements
- —Business and owner information
Rates, amounts, terms, and eligibility vary by provider and applicant. Reviewing this information does not guarantee approval or constitute a credit offer.