Equipment Financing for Small Businesses — Even With Less-Than-Perfect Credit
Equipment financing is one of the easiest business loans to get approved for, because the equipment itself is the collateral. Many programs have no set credit-score minimum, offer 0% down, and finance new or used equipment (dealer or private party). Amounts commonly range from $30K to $5M with terms up to 84 months, and application-only approvals up to about $350K can fund the same day.
Need a truck, a machine, or a full buildout but don't want to drain cash — or you've been turned down elsewhere? Equipment financing is often the easiest business funding to get approved for, because the equipment itself secures the loan.
How equipment financing works
The lender finances the purchase, and the equipment serves as collateral. If something goes wrong, the lender can recover the asset — which lowers their risk and makes approvals more flexible than an unsecured loan.
Why it's easier to qualify for
- Often no set credit-score minimum — the asset does a lot of the work.
- 0% down options on many purchases.
- Application-only approvals (no full financials) up to around $350,000.
- Most industries and credit profiles considered.
Ready to see what your business qualifies for?
Check your rate in 60 seconds — SBA, equipment, real estate, and same-day working capital, even if a bank said no.
Check My Rate — Free →What you can finance
Nearly any business-use equipment: trucks and trailers, construction and heavy equipment, restaurant and medical equipment, manufacturing machinery, and more — new or used, from a dealer or a private party.
Terms to expect
- Amounts commonly from $30,000 up to $5 million.
- Terms up to 84 months.
- Same-day funding available on many deals.
New vs. used, dealer vs. private party
Used equipment and private-party purchases are financeable — a big advantage when the exact machine you need isn't sitting on a dealer lot. That flexibility is often missing at a traditional bank.
How to get started
Have a quote or invoice for the equipment ready, then check your rate. Because the asset secures the deal, approvals are frequently fast — and you keep your working capital for everything else.
See what you qualify for — no hard credit pull
Check your rate in 60 seconds — SBA, equipment, real estate, and same-day working capital, even if a bank said no.
Check My Rate — Free →Frequently asked questions
Yes. Used equipment is financeable, including private-party purchases — not just new equipment from a dealer.
Many equipment programs have no set credit-score minimum because the equipment is the collateral. Stronger credit can improve your rate and terms.
Application-only approvals (commonly up to about $350,000) can move quickly, with same-day funding available on many deals.