Services
Equipment Financing
Equipment financing lets a business acquire machinery, vehicles or equipment with the asset itself serving as collateral. That can simplify approval and preserve working capital, with terms matched to the useful life of the asset.
At a glance
| Collateral | The financed equipment |
| Asset condition | New and used equipment |
| Best for | Machinery, vehicles, tools, technology |
| Term | Matched to asset life |
| Use case | Preserves cash and credit lines |
What this covers
- Equipment as collateral can ease approval
- New and used assets
- Preserves working capital and credit lines
- Pairs with SBA or term loans for larger projects
Who it’s for
Businesses acquiring machinery, vehicles or technology that want to preserve working capital and use the asset as collateral.
How it works
- Specify the asset — New or used equipment, vendor and cost.
- Submit the request — Equipment details and business information.
- Approve and document — Terms set and documents prepared.
- Take delivery and fund — Receive the equipment and fund the purchase.
What you’ll need
- Equipment quote or invoice
- Business information
- Financial statements (varies by size)
Frequently asked questions
Do I need collateral beyond the equipment?
Typically the equipment itself secures the financing, which can simplify approval.
New and used equipment?
Both can be financed; terms vary with age and condition.