Equipment Financing
Equipment Financing
Equipment financing lets you acquire the tools, machinery, vehicles, or technology your business needs without paying the full cost upfront. The equipment itself serves as collateral, making these loans easier to qualify for than unsecured loans.
Loan vs. Lease
Equipment loan. You borrow to purchase the equipment and own it when paid off. Best when you want to own the asset long-term.
Equipment lease. Monthly payments to use the equipment for a set term, with options to buy, return, or upgrade at the end. Best for technology that becomes obsolete quickly.
Equipment financing typically covers 80-100% of the cost, with terms of 2-7 years.
Crest Capital
Specialists in equipment loans and leases for small businesses
- Loans and leases from $5K to $500K
- Fast approvals — often same day
- No down payment required
- All types of equipment
Lendio
Compare equipment financing offers from multiple lenders
- Equipment loans up to $5M
- Multiple lender options
- Free comparison tool
- Dedicated funding manager
Back to the full guide
Fund Your Business →Still looking for the right business?
Browse 665+ Business Ideas →