Equipment financing that keeps your cash free

How it works

With equipment financing, the equipment you’re buying usually secures the financing. Because the asset backs the deal, rates and terms are often better than for unsecured working capital, and the rest of your business assets stay out of it.

Bring the vendor’s quote. Your advisor sizes the financing to that exact equipment.

What owners use it for

• Trucks, trailers and fleet vehicles
• Construction and earth-moving machinery
• Manufacturing and production lines
• Restaurant and commercial kitchen equipment
• Medical, dental and diagnostic equipment
• Used equipment from dealers or auctions

Who it fits

• $50,000 or more in average monthly revenue
• At least one year in business
• A quote or invoice for the equipment
• New and used equipment considered

How to apply

1. Check your eligibility

   Amount, monthly revenue, time in business. About 60 seconds, soft pull only.

2. Send your last four bank statements

   Through the secure application. No tax returns or business plan for the first review.

3. Review your offer and choose

   Your advisor sends your offer in writing, with the total cost. Nothing is signed until you decide.

Check eligibility

Things to know before you choose

• A down payment may be needed, especially on used or specialized equipment.
• The term should match the asset’s useful life. Paying for a machine after it’s worn out is the expensive mistake.
• Ask about the end of the term: some structures are loans (you own it), others are leases with a buyout.
• Tax treatment of equipment purchases depends on your situation: check with your accountant.