Equipment financing guide
Equipment financing that matches the asset to the plan
Finance eligible machinery, vehicles, technology, furniture, and other equipment while preserving cash for the rest of the business.
Lendstra is not a lender. Financing is offered by third-party lenders and is subject to underwriting, approval, and program requirements.
A clearer place to start
Equipment can create revenue or efficiency over several years. Financing may help align the cost with that useful life, and the equipment itself may serve as collateral depending on the product.
- Options for new or used eligible equipment
- Asset value and useful life affect the structure
- SBA and non-SBA paths may be considered
Compare paths
Compare ways to finance the purchase
The best path depends on the equipment, vendor, total project, desired ownership, and the business's financial profile.
Business term loans
Use general-purpose lump-sum financing when the project includes costs beyond the equipment itself.
Learn moreSBA 7(a) loans
Finance eligible equipment as part of a broader business-purpose request.
Learn moreSBA 504 loans
Consider a fixed-asset program for eligible major, long-lived machinery and equipment.
Learn moreBusiness line of credit
Consider revolving access for smaller recurring purchases rather than a single long-lived asset.
Learn moreWorking capital
Explore financing for installation, supplies, staffing, and related operating needs.
Learn moreCommercial loans
Review equipment in the context of a larger commercial project or expansion.
Learn moreCommon goals
Equipment financing may cover eligible
Provide a clear description, quote, and intended business use so the lender can evaluate the asset and transaction.
Compare ownership, lien requirements, upfront contribution, repayment term, taxes, fees, insurance, end-of-term provisions, and whether installation or soft costs are included.
- Manufacturing machinery
- Commercial vehicles
- Medical or dental equipment
- Restaurant equipment
- Construction equipment
- Technology and servers
- Furniture and fixtures
- Replacement equipment
What happens next
One starting point, then the right route
Tell us what you need
Share your financing goal, desired amount, and a few details about the business.
Get routed to the right path
The application flow uses your answers to direct you toward an appropriate next step.
Review available options
If there may be a fit, a financing specialist or lending partner can explain the requirements.
Questions, answered
Frequently asked questions
How does equipment financing work?+
A lender finances an eligible equipment purchase under agreed terms. In many structures the equipment helps secure the financing. Approval and pricing depend on the business, guarantors, asset, vendor, useful life, and transaction.
Can used equipment be financed?+
Some lenders finance eligible used equipment, but age, condition, valuation, remaining useful life, and seller documentation can affect available terms. The specific asset must be reviewed.
Can installation and delivery be included?+
Certain financing structures may include eligible delivery, installation, or related project costs. Others cover only the equipment invoice. Provide the complete vendor quote and project budget for review.
Is a loan or lease better?+
That depends on desired ownership, cash flow, tax treatment, usage, upgrade cycles, and contract terms. Review the total cost and end-of-term obligations, and consult your tax or accounting adviser about your situation.
Not sure which loan fits?
That is what the application path is for. Start with your goal and it will direct you to the most relevant next step.