Up to $5M
Loan Amount
From 7%
Interest Rate
1 – 7 days
Time to Fund
2 – 7 yr
Term
Why this product approves when nothing else will.
The lender is partly underwriting the equipment, not just you. If the loan goes sideways, they repossess the asset and resell it. That dynamic pushes credit thresholds lower, shortens the required time in business, and cuts the document burden compared with cash-flow lending. Newer shops and operators with a dinged-up personal credit report often get approved here after being turned down elsewhere.
There is a tax angle most operators underuse. Section 179 lets you expense what you spent on eligible gear in the tax year you placed it in service, up to the annual cap. Combine that with fast approvals and the lender's comfort with collateral, and the effective cost of capital often comes in below a cash purchase. Loop your accountant in before you sign, and your underwriter will coordinate.
Eligibility what we typically look for
- Six months or more in business
- Personal credit score of 600+
- Vendor quote for the specific piece of equipment
- Down payment sometimes required based on credit and asset type
Why founders pick this
Key benefits
- Equipment is the collateral, so lender flexibility is higher
- Operating cash stays in the bank where it belongs
- Section 179 treatment may apply to qualifying purchases
- Underwriting and funding typically close inside a week
Things people ask before applying.
Yes. Used equipment is routinely financed. Expect the rate, the term, or the down payment to shift based on the age and condition of the asset. A ten-year-old excavator underwrites differently than a three-year-old one, but both doors are open.
It is the IRS rule that lets you expense eligible gear you bought and placed in service during the same tax year, up to the annual cap. It applies to financed purchases too, which is the part most operators miss. Check with your accountant whether your specific equipment and tax situation qualify.
Ten to twenty percent is the typical ask. Clean credit and strong financials can get you to zero down. Weaker files land closer to twenty-five percent, and the underwriter will be upfront about where you sit before you commit.
Clean files with a vendor quote and straightforward collateral often fund in one to three days. Larger deals or unusual assets can stretch that to a week. Multi-unit fleet purchases take longer because the lender inspects each asset.
Often stacked with this one.
Asset Based Lending
Revolving capital backed by your receivables, inventory, and equipment. Built for asset-heavy operators and companies in transition, where cash-flow lenders will not move.
Read the brief →Small Business Loans
Lump-sum capital for whatever the business actually needs. Fixed payments, flexible use, and funding inside a week when the file is clean.
Read the brief →SBA Loans
Federally backed financing with the lowest rates and longest terms most small businesses will ever see. The right call when the deal is too large, too long, or too ambitious for a quick-turn product.
Read the brief →Ready to apply for equipment financing?
One application puts every product on the table your underwriter handles the rest.
Soft credit pull. No hard inquiry unless you accept terms.