Equipment Financing
Equipment financing allows you to buy or lease new equipment and upgrade, repair, or replace existing equipment.
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Up to $5M
Low as 4.99%
48 Hours
1st Capital Financial Is Your Best Source for Equipment Financing
Easy Application Process
Fast Turnaround on Funds
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What Is Equipment Financing?
At A Glance
Equipment financing can help fund the purchase of new equipment to start or grow a business or the cost of repairs or upgrades.
Use Cases
What Can Equipment Financing Be Used For?
Requirements for Equipment Financing
Is a Equipment Financing Right for You?
Lenders’ equipment financing requirements will vary, but the following are the minimum criteria.
Minimum Criteria
How to Apply for Equipment Financing
Our Financing Application Process
Start Your Financing Application
Connect With a Financing Expert
Get Approved for Equipment Financing
Accept Equipment Financing Offer and Receive Funds
We 
What
We Do
What90,000+
10 Billion+
30 Years+
90%+
FAQs About Equipment Financing
Questions? We Have Answers.
What is equipment financing?
Equipment financing is a loan option for purchasing, repairing, or replacing machinery and equipment that is essential to your business. Use cases include everything from office furniture and medical equipment to farm machinery or commercial appliances. Equipment loans are easier to qualify for, don’t require additional collateral, and are quick to fund.
What types of equipment can I finance?
There is a broad range of equipment types that can be financed. Startups, new, and existing businesses may finance any of the following for example:
- Computers, Printers, and Other Hardware
- Office, Restaurant, or Retail Furniture
- Commercial Kitchen Appliances
- HVAC Units
- Commercial Vehicles
- Construction Equipment
- Farm Equipment
- Fitness Equipment
- Industrial Equipment
- Medical Equipment and More
How hard is it to get an equipment loan?
An equipment loan is one of the easiest forms of business financing to qualify for since lenders typically use the equipment as collateral.
Can you use a Section 179 tax deduction for equipment financing?
Yes, you can apply a Section 179 tax deduction for equipment financing. This write-off allows you to deduct the entire purchase price of the equipment you purchased in the applicable year.
What's the difference between equipment financing and equipment leasing?
This comparison is akin to a car loan versus a car lease. The biggest difference between equipment financing and equipment leasing is ownership. Equipment financing is a loan option that assigns ownership to the borrower. When you pay off an equipment loan, you own the equipment free and clear. Financed equipment can also be paid off early, sparing you additional interest.
On the other hand, equipment leasing is not owned by the lessee. Leased equipment also cannot be paid off early without penalties. It is not uncommon for an equipment lease to be structured as lease to own or have a purchase option at fair market value after a set term or upon termination.
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