New Equipment Financing
New equipment financing for the latest machinery, vehicles, and technology — from construction equipment to medical devices, commercial trucks to IT infrastructure. Up to 100% financing, fixed rates, and terms matched to the equipment's useful life.
About New Equipment Loans
New equipment financing lets businesses acquire the latest productive assets without depleting working capital. The equipment itself serves as collateral, which often enables higher approval rates and better pricing than unsecured credit. Common structures include equipment loans (own the asset at maturity) and capital leases (similar to a loan but tax-treated as a lease). Terms are matched to the equipment’s useful life — typically 3–7 years for most equipment, up to 10 years for heavy machinery.
Key Features & Benefits
Everything you need to know about what makes New Equipment financing a smart choice.
100% Financing Available
Finance the entire cost of new equipment — many programs include soft costs (delivery, installation, training) in the loan.
Fast Approvals (24–48 Hours)
Streamlined underwriting based on equipment value and business credit — dramatically faster than real estate or SBA.
Fixed Rates
Predictable monthly payments throughout the entire term — critical for budgeting.
Section 179 Tax Benefits
Potentially deduct up to $1,160,000 of qualifying equipment purchase in year one under Section 179 tax rules.
Manufacturer Rebates
Stack manufacturer rebates, leasing incentives, and financing promotions to maximize savings.
Simplified Underwriting
Application-only approvals for amounts under $250K with minimal documentation.
Who Uses New Equipment Financing
- New construction equipment (excavators, loaders, graders)
- New commercial trucks, trailers, and fleet vehicles
- New medical, dental, or veterinary equipment
- New restaurant kitchen equipment and POS systems
- New manufacturing machinery and automation
- New agricultural equipment (tractors, combines)
- New office technology and IT infrastructure
- New fitness equipment for gyms and studios
Qualifications & Eligibility
- Business in operation 2+ years (startups eligible for some programs)
- Credit score 650+ for best pricing (600+ accepted for many programs)
- Equipment purchase invoice or quote from approved vendor
- Minimum 10% down payment (many programs waive this for new equipment)
- Positive cash flow trailing 12 months
- No recent bankruptcies or tax liens
How It Works
Our streamlined process gets you from application to funding quickly.
Equipment Quote
Obtain dealer/manufacturer quote or invoice for the equipment.
Application
Simple application — for under $250K, often application-only (no full financials).
Same-Day Approval
Most approvals in 4–24 hours; complex deals may take 48–72 hours.
Documentation
E-sign loan documents — simple, standardized equipment finance paperwork.
Direct to Vendor
Funds wired directly to vendor upon delivery confirmation; you begin monthly payments.
Why Choose Growth Fund Partners for New Equipment
Frequently Asked Questions
Common questions about New Equipment loans answered.
How much can I finance?
Most new equipment programs finance up to $2 million. For amounts above $2M, larger bank equipment programs or SBA 504 for larger equipment projects are available.
Can I finance 100% of the equipment?
Yes — many new equipment programs offer 100% financing, and some include soft costs (delivery, installation, training, tax). This preserves your cash for working capital.
What is Section 179 and how does it apply?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment in the year of purchase (up to $1,160,000 in 2024). This can dramatically lower your tax bill.
Equipment loan or capital lease — which is better?
Loans give you ownership (good if you\u2019ll keep the equipment beyond its term). Leases may have lower payments and offer flexibility to return/upgrade. Your accountant can advise on tax treatment for your situation.
Related Loan Programs
Explore similar financing options that might fit your needs.
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