Skip to content
CommercialLeasing Experts

Financing · Equipment · $250K – $100M+

Finance the purchase. Hold the title.

An equipment loan spreads the cost of a machine over its working life. You own the equipment from day one; the lender holds a security interest until the balance is paid.

How much do you need?
ApplyCheck Eligibility
  • Calculators show numbers on-page — no email required
  • Eligibility check is directional only — no contact details collected
Row of heavy equipment in a yard at first light

Overview

How equipment financing works

Equipment financing is a loan or finance agreement secured by the equipment itself. You pick the machine, borrow against it, and repay on a fixed monthly schedule — commonly three to seven years, matched to the asset's working life. Title sits with you. The lender files a UCC-1 against the specific equipment and releases it when the balance reaches zero.

The structure fits hard assets that earn their keep: excavators, dozers, semi tractors and reefer trailers, CNC machining centers, press brakes, imaging equipment. New and used both qualify. Pricing varies with credit profile, equipment age, and term — the term sheet puts the actual rate, payment, and fees in writing before you commit to anything.

The tools on this site are built to put numbers first. Price a payment with the calculator, run the directional eligibility check, and apply when the structure makes sense. No contact details are required to see the math.

Process

Step by step

  1. Scope the purchase

    Pin down the equipment and the number: make, model, year, hours, and the dealer quote or auction listing. Freight, installation, and tax can often ride along in the amount financed.

  2. Submit the request

    Share the equipment, the amount, and your timeline. Larger deals add financial statements to the file.

  3. Review the term sheet

    Rate, term, payment, and fees arrive in writing. Read it, question it, and commit only when the numbers hold up — nothing moves until you accept.

  4. Close and fund

    Sign the documents, the lender files a UCC-1 on the equipment, and the vendor is paid. The machine goes to work; the payments run on schedule.

Good fit

When it makes sense

  • You plan to run the equipment well past the final payment.
  • Ownership matters to you — resale value, fleet standardization, or the depreciation treatment on your books.
  • The asset holds value: earthmoving iron, machine tools, trucks and trailers with a real resale market.
  • You want a fixed payment you can carry into a bid model or a rate-per-hour calculation.
  • You would rather pay a balance down to zero than manage end-of-term options.

Eyes open

Worth weighing

  • Payments usually run higher than a lease on the same machine, because the balance amortizes to zero.
  • A down payment may be required — more often on older equipment and younger companies. Some deals fund the full cost; the term sheet settles it.
  • The equipment is collateral. Default and the lender can repossess it. Some lenders also file blanket liens — read the filing language before signing.
  • You carry the residual risk. If the market for the machine falls faster than the balance, that gap is yours.
  • Personal guarantees are standard for closely held companies. Expect to sign one.

Questions

Asked and answered

With financing you take title on day one and the lender takes a security interest. With a lease, the lessor owns the equipment during the term, and your rights at the end depend on the lease type. Financing suits equipment you intend to keep; leasing suits equipment you refresh. The leasing page and the leasing-vs-financing guide walk through the fork in detail.

There is no single answer worth printing. Rates vary with credit profile, equipment age, and term. The number that matters is the one on your term sheet — in writing, with the payment and fees beside it, before you commit.

Sometimes. Some deals fund the full equipment cost; others need money down, most often with older equipment or a shorter operating history. The term sheet states the exact structure for your deal.

Yes — used equipment is financed every day, and the worked example on this page is a used machine. Age, hours, and condition shape the term, since the schedule gets matched to the asset's remaining working life. Auction purchases need clean paperwork: the listing, the invoice, and clear title from the seller.

A public notice the lender files stating a security interest in specific collateral — here, the equipment being financed. It is not a claim on the rest of the business unless the filing language is written that broadly, which is worth checking before you sign. The filing is terminated when the balance is paid.

Often, yes. Soft costs like shipping, rigging, installation, and sales tax can usually roll into the amount financed, so the machine arrives working — not just delivered. List them in the request so the quote covers the real project cost.
Equipment LeasingPayment CalculatorSection 179 Guide

Run the numbers. Then decide.

The calculators and the eligibility check show results on the page — no email required, no contact details collected. When the structure makes sense, the application asks for the equipment, the amount, and your timeline. Terms arrive in writing before anything is owed.

ApplyContactCall
Check EligibilityApply