Financing
Equipment Financing
Financing structured around the machinery, vehicles, technology or tools your business uses to operate.
What is equipment financing?
Equipment financing is business financing used to acquire equipment, where the equipment itself is typically central to how the financing is structured. It is commonly used by businesses that need productive assets in place before the revenue those assets generate arrives.
What it is commonly used for
- Production machinery and shop equipment
- Commercial vehicles and trailers
- Technology, servers and business software
- Medical, dental and diagnostic equipment
- Construction and material-handling equipment
Who it may fit
Businesses that need a specific asset now and prefer to spread the cost over the period the asset is used.
Factors that may affect eligibility
- Type, age and condition of the equipment
- Time in business and business financial profile
- Whether the equipment is purchased new, used or at auction
What information is typically needed
Generally, basic business details such as legal business name, industry, time in business, approximate annual revenue, the amount of financing you are seeking and how you intend to use it. A financing source may request additional documentation during its own review.
What happens after you submit a request
Your financing request is reviewed and, where appropriate, may be matched with or referred to a financing source. That source conducts its own qualification process and communicates available options, terms and next steps. Submitting a request does not guarantee an offer or approval, and all financing is subject to applicable qualification criteria.
Questions to ask before choosing a financing option
- What information is typically needed?
- Generally, basic business details such as legal business name, industry, time in business, approximate annual revenue, the amount of financing you are seeking and how you intend to use it. Financing sources may request additional documentation during their review.
- What factors may affect eligibility?
- Requirements vary by financing source and product, but commonly considered factors include time in business, revenue, the intended use of financing, business and ownership credit profile, and the type of financing requested.
- What happens after I submit a financing request?
- Your request is reviewed and, where appropriate, may be matched with or referred to a financing source for further evaluation. That source conducts its own qualification process and communicates available options, terms and next steps.
- Does submitting a request guarantee financing?
- No. Submitting a request does not guarantee an offer or approval. All financing is subject to review and the qualification criteria of the applicable financing source.
Ready to Explore Your Financing Options?
Tell us what your business needs and get started with a simple financing request.