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Funding solutions

Equipment Financing and Leasing

Equipment financing lets you buy or lease business equipment with the equipment itself serving as collateral. Because the asset secures the loan, it is often easier to qualify for than unsecured financing and can cover up to the full cost.

$10K–$5M‡Typical amount
2–7 yearsTerm
2–5 daysTypical speed*
Some programs from startup; most 1+ yearTime in business

Check your Equipment Financing options

Question 1 of 4
How much funding do you need?
Pick a range. You can change it anytime.
No hard credit pull · No obligation · Tap an answer to continue

Equipment Financing may be a good fit if…

  • You are buying or replacing vehicles, machines or technology
  • You want to keep cash in the business
  • You may benefit from Section 179 or depreciation (ask your tax advisor)
  • You prefer the asset to secure the loan rather than your home

Consider something else if…

  • Large equipment plus real estate? SBA 504 can combine them. See SBA Loans
  • Need cash for many things at once? A term loan is more flexible. See Term Loans

Requirements

What lenders typically look for.

These are common guidelines across our lender network, not hard cutoffs. Your advisor will tell you where you stand.

Time in businessSome programs from startup; most 1+ year
RevenueEnough cash flow to cover the payment
CreditTypically 600+ personal credit
DocumentsEquipment quote or invoice, bank statements, ID

How it works

How Equipment Financing work with WellRounded

1Step 1

Get a quote

Send us the vendor quote, or tell us what you plan to buy.

2Step 2

Choose loan or lease

Your advisor explains loan, $1 buyout lease and fair market value lease options.

3Step 3

Approval

The lender reviews the equipment and your business, then approves terms.

4Step 4

Vendor is paid

The lender pays the vendor directly and you take delivery.

Costs

How Equipment Financing are priced.

Rates depend on the equipment type, its expected life, your time in business and credit. New equipment with strong resale value usually prices best. Leases may have lower payments but different end-of-term costs. Your advisor will compare total cost of ownership.

‡ Ranges shown are typical and illustrative, not an offer of credit. Final amounts, rates and terms are set by the lender.

See your Equipment Financing options in about two minutes.
See my options →

Calculator

Estimate your payment.

Estimated monthly payment$2,076
Monthly payment$2,076
Total of payments$124,550
Total interest and fees$24,550
Get real offers for $100,000 →

Estimates for illustration only, not an offer of credit. Your actual rate, term and fees are set by the lender and depend on your business.

Industries that often use Equipment Financing

ConstructionTruckingRestaurantsDentalManufacturingMedical PracticesAgriculture

FAQ

Common questions, clear answers.

Anything else, your advisor will answer on the phone.

All FAQs →
Can I finance used equipment?

Yes. Many lenders finance used equipment, though age and condition affect the term and rate.

Should I lease or buy equipment?

Buying builds equity and suits long-life assets. Leasing can lower payments and suits technology you will replace. See our guide to leasing vs. financing.

Do I need a down payment?

Some programs finance 100% of the cost. Others require 10% to 20% down, especially for newer businesses or specialized equipment.

Does Section 179 apply to financed equipment?

Financed equipment can qualify for Section 179 expensing. Limits and eligibility change, so confirm with your tax professional.

Related guides

SBA LoansSBA 7(a) vs. 504 Loans: Which One Fits Your Project?CreditHow to Get a Business Loan With Bad CreditStartupsStartup Business Loans: Funding Under One Year in Business

Compare related products

SBA LoansGovernment-backed loans with long terms for growth, real estate and acquisitions.$50K–$5M‡30–90 days
Term LoansA lump sum with fixed payments for big, planned moves.$25K–$2M‡2–7 days
Commercial Real EstateBuy, refinance or improve the property you operate from.$250K–$10M+‡30–60 days

Ready to explore Equipment Financing? See your options today.

  • Decisions in as little as 24 hours*
  • $10K–$5M+ across 10 products
  • No hard credit pull to apply
  • One dedicated funding advisor