🔧 Equipment Financing

Equipment Financing from $25K to $5M+ — New, Used, or Refinance

Commercial vehicles, construction equipment, medical devices, manufacturing machinery — if it holds value, we can finance it. Get matched to the right equipment lender in days, not weeks.

3–7 days
Typical approval time
650+
Credit score floor
$25K – $5M+
Equipment financing range — loans, leases & sale-leaseback
10+
Years equipment finance
30+
Equipment lenders matched
4
Financing structures
80%+
Approval rate on submitted deals

Four ways to fund equipment. Pick the one that fits your business.

Equipment financing isn't one-size-fits-all. Depending on your equipment type, cash flow, and ownership goals, we'll recommend the structure that maximizes your advantage.

New Equipment
$25K – $5M+

Purchase Financing

Buy new equipment with a term loan or finance lease. The equipment itself is the primary collateral, which means faster approval and better rates than unsecured business loans.

Asset-backed security Up to 100% financing 3–7 yr terms typical
Used Equipment
$25K – $2M+

Used Equipment Finance

Most lenders will finance used equipment that is under 10–15 years old and has established resale value. Construction equipment, commercial vehicles, and medical devices are the most financing-friendly categories.

Resale value required Detailed inspection may apply Good condition only
Refinance
$50K – $3M+

Equipment Refinance

If you own equipment outright or have existing high-rate equipment debt, refinancing can unlock equity and lower your monthly payments. Rates and terms depend on equipment condition, remaining useful life, and your credit profile.

Unlock existing equity Lower monthly payments Cash-out option available
Sale-Leaseback
$50K – $5M+

Sale-Leaseback

Sell equipment you already own to a leasing company and lease it back. You receive a lump sum equal to the equipment's current market value while continuing to use it. Converts a capital asset into immediate working capital.

Immediate liquidity Continue using equipment Off-balance-sheet option

What lenders actually look at.

Equipment financing is collateralized by the equipment itself, which gives lenders more flexibility than unsecured loans. Here's what they evaluate — and how to put your best foot forward.

  • 🏭 Equipment type & condition: Lenders evaluate the equipment's useful life, resale value, and depreciation curve. Equipment with strong residual value (construction, commercial vehicles, medical) gets the best rates.
  • 📊 Business revenue: Lenders want to see documented revenue sufficient to cover the monthly payment. Typically 1.25x payment-to-revenue ratio for approval, though this varies by lender and deal structure.
  • 📅 Time in business: Most lenders prefer 1+ year in business. Some go to 6 months with strong revenue. Startups face a higher bar — equipment with strong resale value helps.
  • 💳 Personal credit score: 650+ is the typical floor. 680+ gets the best rates. Below 600 narrows your options significantly. Equipment-backed deals give lenders more flexibility than unsecured loans.
  • 📋 Equipment quote or invoice: Having a signed quote, vendor invoice, or purchase agreement ready speeds up the process. Refinance deals need current equipment list and valuation documentation.
  • 🏢 Business entity: LLC, S-Corp, C-Corp, or sole prop. Some lenders prefer specific entity types for certain equipment categories — we match you accordingly.

Not sure which structure fits?

Tell us what you're trying to accomplish — buying new, refinancing existing, or accessing equity from equipment you own — and we'll tell you the best path forward. No cost, no commitment.

Get Pre-Qualified → Free Readiness Checklist
Who This Is For

Industries that rely on equipment financing.

Equipment is the backbone of these businesses — and financing it intelligently is how the best operators stay competitive. These are the verticals where we place the most equipment deals.

🏗️

Construction

Excavators, cranes, loaders, concrete equipment — heavy machinery financing is our specialty.

🚛

Trucking & Logistics

Semi-trucks, box trucks, trailers, and fleet vehicles. Owner-operators to mid-size carriers.

🏭

Manufacturing

CNC machines, injection molders, printing equipment, and production line machinery.

🦷

Dental & Medical

Imaging systems, dental chairs, surgical equipment, and practice automation tech.

🚜

Agriculture

Tractors, harvesters, irrigation systems, and processing equipment for farms of all sizes.

❄️

HVAC & Field Service

Service vehicles, HVAC units, lifts, and diagnostic equipment for trades businesses.

🍽️

Restaurant & Food

Commercial kitchen equipment, cold storage, point-of-sale systems, and delivery vehicles.

💻

IT & Technology

Server infrastructure, lab equipment, and specialized tech hardware for growing firms.

Why equipment financing beats general business loans for capital equipment.

01

Faster approval

Because the equipment is the collateral, lenders move faster. No lengthy cash flow analysis or business plan review required. Most deals close in 3–7 days vs. 45–90 for unsecured SBA loans.

02

Better rates on strong assets

Equipment-backed financing typically carries 1–3% lower rates than unsecured business loans for the same credit profile. The more financeable your equipment (strong resale value, long useful life), the better your rate.

03

Preserve working capital

Financing instead of buying outright preserves your cash reserves for operations, payroll, and growth. Equipment leases often require little to no down payment — keeping your capital liquid.

04

Tax advantages

Section 179 expensing and bonus depreciation can allow full deduction of equipment costs in year one. Operating leases may also qualify as fully deductible business expenses — check with your accountant.

Common questions about equipment financing.

Term loan approvals typically take 3–7 business days once the application and equipment quote are submitted. Lease approvals can happen in 1–3 business days. Ready documentation speeds everything up — having your equipment quote, business financials, and personal credit information prepared before you apply cuts days off the process.
Yes. Most lenders finance used equipment that is less than 10–15 years old, is in good working condition, and has established resale value. Construction equipment, commercial vehicles, and medical/dental equipment hold their value well and are the most commonly financed used categories.
Most equipment lenders want a personal credit score of 650 or above. Some lenders go down to 600 with strong revenue or collateral. Below 600, options narrow significantly. Equipment financing is collateralized by the equipment itself, which gives lenders more flexibility than unsecured loans.
A loan means you own the equipment outright once it's paid off. A lease means you return or buy the equipment at end of term. Leases often have lower monthly payments and may include maintenance, but you don't build equity. Loans make more sense for equipment with long useful life and strong resale value. We help you compare both.
Yes. Lenders categorize equipment by resale value, depreciation rate, and seizure risk. Heavy construction equipment, commercial vehicles, and medical/dental devices are the most financing-friendly. IT equipment and specialized machinery can be harder to finance because of rapid depreciation or limited resale markets.
A sale-leaseback lets you sell equipment you already own to a leasing company and then lease it back. You get a lump sum (the equipment's current market value) while continuing to use the equipment. This converts a capital asset into working capital. It works well if you need liquidity and the equipment has strong residual value.
Yes — unlike a general business loan, equipment financing is tied to a specific asset. Lenders view equipment-backed loans as lower risk, which often means better rates and faster approval. Leasing also preserves cash flow by converting a large upfront purchase into predictable monthly payments.
Most banks have limited appetite for equipment-specific loans — they'd rather lend on real estate. Equipment finance companies exist specifically for this and often move faster. LeadCove works with both traditional lenders and specialized equipment finance companies, matching your deal type, equipment category, and financial profile to the right lender the first time.

Tell us about your equipment needs.

Under 3 minutes. We'll follow up within one business day with a match or a straight answer on fit.

Equipment Financing by Industry

Industry-specific guides with approval requirements, equipment types, and lender expectations for your sector.

❄️
HVAC — $250K
Fleet, equipment & working capital
🏗️
Construction — $500K
Heavy equipment & bonding capital
🚛
Trucking — $250K
Semi trucks, trailers & fleet growth
🔧
Auto Repair — $100K
Lifts, diagnostics & shop expansion
⚙️
Equipment Financing — $500K
Heavy machinery & capital equipment
🏭
Manufacturing — $1M
Production lines & facility upgrades
View all industries & amounts →

Are you a CPA, broker, or advisor?

Earn referral fees when your clients get funded. $25K–$5M+, all 50 states, no exclusivity.

Earn referral fees →