Equipment Financing
Get the equipment your business needs without tying up working capital. The equipment itself serves as collateral, making qualification easier and rates more competitive. Finance new or used equipment with flexible terms up to 7 years.
Equipment financing lets you buy machinery, vehicles, or technology using the equipment itself as collateral. Growth Fund Partners funds $10K to $2M with 1 to 7 year terms, rates from 5.5%, and up to 100% financing — preserving your cash while you acquire the assets your business needs to grow.
How equipment financing works
Equipment financing uses the equipment itself as collateral. You send us the vendor\u2019s quote, we evaluate the asset\u2019s useful life and your business profile, and we fund the purchase directly to the vendor. You take delivery and repay in fixed monthly installments over 1 to 7 years. Because the asset secures the loan, credit requirements and documentation are lighter than with unsecured financing.
We evaluate three things: the equipment\u2019s fair market value and expected useful life, your business\u2019s revenue and credit history, and how the asset fits into your operations. New and used equipment both qualify, with terms matched to how long the asset will remain productive. Financing can cover up to 100 percent of the cost, including soft costs like delivery and installation.
Rates start from 5.5 percent and vary with creditworthiness, equipment type, and term length. Newer businesses with limited history can still qualify because the collateral reduces lender risk. Approval decisions come fast\u2014often within 24 to 48 hours.
When equipment financing is the right tool
Equipment financing works whenever you need a specific asset and want to preserve cash for daily operations. Common uses include:
- Construction machinery. Excavators, loaders, cranes, and concrete equipment for contractors scaling capacity.
- Commercial vehicles and fleet. Trucks, vans, trailers, and delivery vehicles funded with the asset as collateral.
- Medical and dental equipment. Imaging systems, dental chairs, lab instruments, and specialized clinical devices.
- Restaurant and food service. Commercial ovens, refrigeration, prep stations, and point-of-sale systems.
- Technology and IT infrastructure. Servers, workstations, networking equipment, and cybersecurity hardware.
- Manufacturing and industrial. CNC machines, printing presses, packaging lines, and production equipment.
A quick example
A general contractor wins a bid that requires a $180,000 excavator. Equipment financing at 100 percent covers the full cost with a 5-year term. Monthly payments of roughly $3,400 are covered by the new project revenue, the contractor takes delivery within a week, and working capital stays untouched for payroll and materials.
Equipment Financing Programs
Financing for new equipment, used equipment, and flexible leasing options.
New Equipment Financing
Finance New Machinery, Vehicles, and Technology
Used Equipment Financing
Finance Pre-Owned Machinery, Vehicles, and Assets
Equipment Leasing
Flexible Leasing Alternatives to Purchase Financing
Rates & Terms
Transparent, current terms for this program. Final pricing depends on the deal, collateral, and borrower profile.
| Loan amount | $10,000 – $2,000,000 |
|---|---|
| Interest rate | From 5.5% |
| Loan term | 1 – 7 years |
| Financing | Up to 100% (incl. soft costs) |
| Collateral | The financed equipment |
| Time to close | 1 – 3 business days |
Equipment Financing vs. Equipment Leasing
| Feature | Equipment Financing | Equipment Leasing |
|---|---|---|
| Ownership | You own it | Lessor owns it |
| Down payment | $0 – low | Often $0 |
| Monthly payment | Higher | Lower |
| Builds equity | Yes | No |
| End of term | Asset is yours | Return, renew, or buy out |
| Best for | Long-life assets you keep | Fast-changing technology |
Process & Timeline
A straightforward path from first conversation to funded — with no surprises along the way.
Submit the equipment quote (Day 1)
Send us the vendor quote or invoice along with basic business details. We return preliminary pricing the same day for most requests.
Simple application (Day 1–2)
A streamlined application — often a single page plus recent bank statements. No lengthy business plan required.
Credit & asset review (Day 2–3)
We review your credit, business history, and the equipment's useful life to finalize the structure.
Approval (Day 2–4)
Asset-secured underwriting means decisions come fast — often within 24 to 48 hours.
Vendor payment & delivery (Day 3–5)
We pay the vendor directly, you take delivery, and your fixed monthly payments begin the following month.
Sources & Market Data
- Equipment finance is a $1.3 trillion U.S. industry; new business volume grew 3.1% in 2024. Equipment Leasing & Finance Association (ELFA), 2025 Survey of Equipment Finance Activity (August 2025).
- Equipment loan rates are benchmarked against the U.S. prime rate of 6.75%. Federal Reserve, Selected Interest Rates (H.15) (July 2026).
What to watch out for
Match the loan term to the equipment\u2019s useful life. Financing a computer server over seven years sounds attractive for cash flow, but if the hardware is obsolete in three, you\u2019re paying for an asset you\u2019ve already replaced. Shorter terms for fast-depreciating technology; longer terms for durable machinery.
Understand the difference between financing and leasing. With financing, you own the equipment at the end of the term and build equity along the way. With a lease, the lessor retains ownership unless you exercise a buyout option. If you plan to keep the asset long-term, financing usually costs less overall.
Finally, Section 179 and bonus depreciation can significantly reduce the after-tax cost of equipment\u2014but the rules change from year to year. Consult your accountant before assuming a deduction will apply. For businesses that need both equipment and working capital, consider pairing equipment financing with an SBA loan that covers broader needs.
Frequently Asked Questions
Straight answers to the questions borrowers ask us most.
Equipment financing lets you purchase machinery, vehicles, or technology using the equipment itself as collateral. You borrow from $10,000 to $2 million and repay over 1 to 7 years. Because the asset secures the loan, approval is often faster and easier than unsecured financing.
Yes. Equipment financing can cover up to 100% of the purchase price, and often includes soft costs like delivery, installation, and taxes. That means little or no money down, letting you acquire essential equipment while preserving cash for day-to-day operations.
Many equipment financing approvals start around a 600 credit score, lower than most business loans, because the equipment secures the debt. Stronger credit earns better rates, but newer businesses and borrowers with modest credit can still qualify based on the asset's value.
Equipment financing rates start around 5.5% and vary with your credit, the equipment type, loan term, and whether the asset is new or used. Because the equipment serves as collateral, rates are often more competitive than unsecured business loan options.
Finance equipment when you want to own it long-term and build equity; lease when you prefer lower payments and plan to upgrade often. Financing suits durable assets you will keep for years, while leasing fits fast-changing technology. We help you compare both options.
You can finance nearly any business equipment — construction and manufacturing machinery, commercial vehicles, medical and dental devices, restaurant equipment, and IT hardware. Both new and used equipment qualify, with terms matched to the asset's expected useful life and your budget.
Ready to Finance Your Equipment?
Get the equipment your business needs with flexible financing and competitive rates.