Equipment financing

Equipment Financing

Tools and widgets, gizmos and gadgets - they’re all covered.

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Loan Amount


Loan Term Icon

Loan Term

1-5 Years

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Time to Funds

As Fast As 24 Hours

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Interest Rate

As Low as 7.5%

You call it equipment – we call it financeable.

Need a new backhoe? Or a credit card processing app? Or, heck, even a six-speed blender for all those sales guys on your team who do Crossfit after work and can’t seem to function without their morning protein smoothies? There’s a loan for that. Seriously. There are small business equipment financing options for nearly every industry and every kind of kooky apparatus you need – which means your wish list is probably covered.

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Equipment Financing

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You can finance just about any kind of business equipment.

Many small business owners hear about equipment financing and think of tractors and backhoes. Yes, construction equipment is totally financeable – but so is a bunch of other stuff.

In fact, there’s an equipment financing option to cover tools and resources for just about every small business industry. Big or small, basic or complicated, doohickey or doodad – whatever you need, we’ll help you cover the costs.

Here are just some of the small business needs you can cover with equipment financing:

  • Forklifts, workbenches, and conveyor belts
  • Point-of-sale payment processing software and hardware
  • Commercial ovens, grills, deep fryers, freezers, food processors, and more
  • Office furniture and fixtures – everything from cubicles and desk sets to rugs and lighting
  • Software, including operating systems, CRMs, accounting programs, and more
  • Appliances like telephones, refrigerators, coffee makers, and more
  • Food trucks, delivery vehicles, company cars, and trailers
  • Solar panels and HVAC units

It’s pretty easy to qualify and apply for equipment financing.

To get equipment financing, you’ll typically need to be in business at least 12 months, have $50,000 or more in annual revenue, and have a credit score of 650 or higher. If your credit score is lower than 650 but you can show proof of solid cash flow and revenues for the past 3-6 months, you can still qualify.

And don’t worry if you don’t meet all of these requirements – exact qualifications will vary by lender and equipment type. The best way to figure out what you qualify for is to fill out our free 15-minute application or get in touch with one of our personal funding managers at (855) 853-6548.

No down payment or collateral? No problem. One of the big benefits of equipment financing is that your equipment can also act as your collateral – which means you can secure a loan without draining the last of your liquid cash or risking your personal assets. Your lender will determine how much you can finance by reviewing the type of equipment you’re buying, its lifetime value, and whether it’s new or used. That cool contraption you’re thinking about buying seems a lot cooler when it saves you from shelling out for a down payment, huh?

Because the collateral is literally part of your loan, it’s often not as difficult to get approved as many small business owners think it is. Getting started is easier than following those Ikea instructions: just fill out our application, then compare equipment financing options from our nationwide network of 75+ lenders.


Your costs can vary as much as your equipment can.

Your equipment loan payments are determined by four things: your loan amount, interest rate, term, and collateral. These factors can vary widely across industries and equipment types. That’s why we work with a variety of lenders who specialize in industry-specific loans – so we can help you find the best deal.

If math isn’t your thing, you can use our equipment financing calculator to figure out what kind of monthly payments you can afford.

Oh, and here’s some food for thought: be sure to consider both the short-term and long-term gains your new equipment will yield.

To determine whether equipment financing is getting you some real bang for your buck in the short term, you should weigh the costs of your monthly payment against the benefits your new equipment will bring. Here’s an example: if the 3-D printing equipment you’re financing costs you $600 in monthly payments but enables you to take on an extra $2,300 in monthly orders, then your cash flow increase considerably outweighs your costs and makes the loan worthwhile.

This same concept applies to the man-hours you’ll save by leveraging a software purchase to automate several hours of invoicing and payment processing, or being able to attract new business because your upgraded sorting equipment lets you offer significantly faster shipping times than your competitors.

To figure out whether you’ll also see a hearty long-term return on investment, consider the longevity of the equipment you’re financing. Equipment that only gives your business a minor lift and may be obsolete in a few years when you pay off your loan may not give you the long-term leg up that you’re looking for – whereas taking out a 4-year loan on equipment that will last upwards of 12 years is probably a sound investment…


After I was turned down by my bank and their automated screening process, Devon with Lendio took the time to understand my business and its unique needs and was able to communicate that effectively to lenders. Devon lined up several options and I was able to pick a loan to help purchase the equipment that I had previously been renting at great expense. I’m very thankful for the excellent customer service and would recommend Lendio as an option to other small businesses in similar situations!


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