ASSET BASED TERM LOANS

Predictable payments

24 to 48 hours

How can I use it?

• Construction machinery and manufacturing equipment
• Computers and CRM software
• Medical or industrial equipment
• Commercial vehicles

Since the equipment serves as collateral, approvals go quickly, allowing you access to funding faster.

Keep full ownership

Access capital without giving up equity or control.

Predictable payments

Fixed payments make budgeting and cash flow planning simple.

Borrow based on performance

Qualify for higher amounts based on revenue—not assets.

Fuel long-term growth

Invest in expansion, equipment, or operations with structured funding.

Have this information on hand and you’re all set.

• Business formation
documents
• Bank statements
(6 months)

• Business tax returns
• Financial statements

What is a business equipment loan?

A business equipment loan, or heavy equipment financing loan, helps you finance business equipment without upfront payments. Instead, you break the cost into manageable and structured payments, which allows you to preserve working capital for operations and growth. Examples include:

• Construction machinery
• Medical equipment
• Commercial vehicles
• Manufacturing and industrial equipment
• Office tech and hardware

How does a business equipment loan work?

If you’re approved for the loan, a lender will provide you with financing for your business equipment. You will then make structured payments to repay that loan over a set course of time. This length could be anything from short-term bridge loans to long-term loans stretched out over several years.

What are the benefits of business equipment loans?

You have a lot of business equipment financing options which can benefit your company. Some of these include:

• Flexible payment options: Working with a private credit lender, the business can set a customized plan for payments over a term that works for them. Equipment loan term length can vary based on the lender. 
• Cash flow for other goals: With the equipment financed through a lender, the business can preserve its cash flow for other important needs, like marketing, labor, or inventory. 
• Asset ownership: Over time, the business will gain equity in the equipment as it repays the loan and decreases the overall balance. This eventually leads to asset ownership, which is valuable to any business. 

These are just a few examples of the benefits of equipment financing. Talk to your lender to find out other ways these types of loans can help your business grow.

What kind of equipment can I purchase with a business equipment loan?

You can buy anything from construction machinery and medical equipment to commercial vehicles, manufacturing and industrial equipment, and office tech and hardware.

Can you finance used equipment?

Yes! Many lenders will help you finance used business equipment. Make sure to have thoroughly researched the asset’s value prior to applying for the most efficient process.

How long can you finance equipment?

Equipment financing generally caps at 5 years under most circumstances, but unique situations may qualify for a longer term. Some lenders offer prepayment discounts, which allow you to pay off your financing early in a lump sum and shorten your repayment.

Are business equipment loans hard to get?

Not at all. Business equipment leasing and loans typically aren’t difficult to get. With decent credit and moderate annual revenue, you should be able to qualify. Since the loans are backed by collateral – the equipment itself – they are less risky to lenders.

an an LLC get an equipment loan?

Yes. Like any other business loan, LLCs can get an equipment loan as long as they qualify.

Is there a funding limit on business equipment loans?

Equipment financing funding amounts correlate to the cost of the equipment. Some lenders won’t finance assets above a certain price point, while others may only deal in these specialized assets.