Finance trucks, machinery, tech, and gear -- the equipment secures the loan so approval is easier.
Box trucks, vans, trailers, and commercial vehicles.
Construction, agriculture, and industrial machinery.
POS, ovens, refrigeration, and tenant improvements.
Computers, servers, imaging equipment, and exam tools.
Lendmate Capital finances new and used business equipment with fast approvals and fixed monthly payments.
Check My Rate →Soft credit check. Won't affect your credit score.
Equipment financing is a secured loan where the equipment itself serves as collateral. Because the lender can recover the asset if you default, approval standards are more flexible than unsecured business loans and you often qualify with less time in business or lower credit. Loan terms usually mirror the useful life of the equipment -- three to seven years for most gear, up to ten for heavy machinery.
A loan means you own the equipment and pay it off over time. A lease means you use the equipment for a set period with lower monthly payments and an option to buy, return, or upgrade at the end. Loans make sense for long-life equipment you plan to keep; leases work well for fast-depreciating tech and items you will replace every few years.
Business revenue, time in business, personal credit of the owner, and the type and value of the equipment. Most lenders want at least 6-12 months of operating history and $10,000+ in monthly revenue, though startups can sometimes qualify if the equipment has strong resale value.