Equipment Financing

Equipment financing allows you to buy or lease new equipment and upgrade, repair, or replace existing equipment.

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Financing Details (Step 2 of 2)

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Up to $5M

Financing Amount

Low as 4.99%

Interest Rate

48 Hours

Fastest Funding

1st Capital Financial Is Your Best Source for Equipment Financing

Our financing experts, underwriting, and closing teams ensure your application is processed efficiently with a higher likelihood of approval.

Easy Application Process

It takes just four minutes and some basic information to get started, and we’ll guide you through every step of your application from there.

Fast Turnaround on Funds

Get an approval decision in as little as 24 hours and have your funds deposited within 24 to 48 hours after you accept your financing offer.

Industry-Leading Support

We'll help you determine your fit for Equipment Financing with complete transparency and work with you to secure the best rate and terms.​
Overview of Equipment Financing

What Is Equipment Financing?

Equipment financing is a loan option offered to small business owners who need hardware, vehicles, or machinery to operate and scale their businesses.

At A Glance

Relatively Easy to Qualify
No Additional Collateral Requirements
Flexible Repayment Terms
Repayment terms are from two to seven years.

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

Purchase New Equipment or Upgrades
Repair or Replace Existing Equipment
Lease Equipment
Use Cases for Equipment Financing

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

Own a For-Profit Business in the U.S.
Must be a Corporation, LLC, Partnership, or Sole Proprietorship
At Least $50,000 in Annual Revenue
Operating for at Least Six Months
Minimum Credit Score of 500

How to Apply for Equipment Financing

Our Financing Application Process

Start Your Financing Application

(Time to Complete = Four Minutes)
Provide some basic details about you and your business using our Small Business Financing Form.
(Time to Complete = 15 Minutes)
We’ll contact you to discuss the documentation needed to complete your application and answer any questions you may have.
(Time To Complete = As Little as 24 Hours)
We’ll begin processing your application as soon as we’ve received all the necessary documentation and keep you updated every step of the way.
(Time to Complete = As Little as 24 Hours)
We’ll provide you with your final equipment financing(s) to review. Once accepted, you will receive your funds in as little as 24 hours.

We What
We Do

90,000+

Small Businesses Served

10 Billion+

Financing and Tax Refunds

30 Years+

Industry Experience

90%+

Client Retention

FAQs About Equipment Financing

Questions? We Have Answers.

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.

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

An equipment loan is one of the easiest forms of business financing to qualify for since lenders typically use the equipment as collateral.

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.

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.

Can’t find the information you’re looking for? Give us a call at +1 (833) 317-8227.
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There is no impact on credit to start your financing application online with 1st Capital Financial.

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