What types of equipment can I finance?

Nearly any business equipment: CNC machines, trucks, trailers, medical devices, restaurant equipment, construction equipment, ADAS systems, lasers, manufacturing lines, IT infrastructure, and more. Both new and used equipment qualify — some lenders finance equipment up to 10 years old.

How does equipment financing work compared to leasing?

With financing, you own the equipment at the end of the term and can deduct it under Section 179. Leasing costs 20-30% more over the asset’s life and you don’t own it. On a $100K piece of equipment, financing saves $20K-$30K vs. leasing.

Do I need a down payment for equipment financing?

It depends on your credit profile. Strong applicants (2+ years, good revenue) often qualify for $0 down. Newer businesses or those with lower credit typically need 10-20% down. On a $150K machine, that’s $15K-$30K.

Is equipment financing tax deductible?

Yes. Section 179 allows you to deduct the full purchase price of qualifying equipment in the year it’s placed in service, up to annual IRS limits. A $200K machine purchased in December could save $50K-$70K in taxes that year. Consult your accountant for specifics.

How fast can equipment financing be approved and funded?

Most equipment financing approvals happen in 24-48 hours. Funding takes 3-7 business days total, including documentation and vendor payment. For urgent equipment needs, working capital can bridge the gap while equipment financing processes.

Can I finance used or refurbished equipment?

Yes. Most lenders finance used equipment up to 10 years old. Rates may be slightly higher than new equipment (1-3% APR difference), and terms may be shorter based on the equipment’s remaining useful life.

What credit score do I need for equipment financing?

There’s no hard minimum. Equipment financing is easier to qualify for than unsecured products because the equipment itself is collateral. Businesses with scores in the 500s can qualify, especially with strong revenue and a reasonable down payment.

Does applying for equipment financing affect my credit score?

No. We use a soft credit pull with zero FICO impact to check your options. A hard pull only happens if you accept a specific offer.

Heavy industrial equipment and machinery on a commercial work site

No Hard Credit Pull · Same-Day Funding Available

← All Loan Products

Equipment Financing

Buy or lease commercial equipment with the equipment itself serving as collateral. Get the machinery, vehicles, or technology you need without depleting cash reserves.

See What You Qualify For →

$10K - $5M

Loan Amounts

1 - 7 years

Terms

1 - 5 business days

Speed to Fund

No minimum

Min. Credit

✓ No Minimum Credit Score✓ $10K+ Monthly Deposits✓ 6+ Months in Business✓ No Hard Credit Pull✓ All Industries

Equipment Financing

See What You Qualify For in 60 Seconds

Slide the calculator to see your estimated approval range. Then answer 3 quick questions. No documents needed. No credit impact.

✓Estimated range appears instantly

✓Auto-advances as you answer — no extra clicks

✓Soft credit pull only — your FICO stays untouched

✓Real specialist reviews your file within the hour

✓No obligation — see your options and decide

Estimate

Revenue

History

Contact

See What You Could Qualify For

Slide to your average monthly bank deposits.

$10K$75K/mo$2M+

Estimated Approval Range

$75K – $113K

Based on 100-150% of monthly revenue

No hard credit pull · No obligation · Estimate only

Your Application Gets Matched Across 70+ Lending Partners

SBA Preferred Lenders

Community Banks

Credit Unions

Specialty Finance Companies

Online Lending Platforms

70+ vetted lending partners competing for your business

How It Works

How Equipment Financing Work

The equipment you're buying serves as collateral for the loan. You receive funding to purchase the equipment, then repay in fixed monthly installments. At the end of the term, you own the equipment outright (loan) or return/purchase it (lease).

Best For

Ideal Use Cases for Equipment Financing

✓Purchasing heavy equipment or machinery

✓Upgrading technology or IT infrastructure

✓Fleet vehicle acquisition

✓Medical or dental equipment

✓Restaurant kitchen equipment

✓Construction tools and heavy machinery

Real Scenarios

Who Uses Equipment Financing?

These are the kinds of situations where equipment financing make the most sense.

Excavator Purchase for a Growing Contractor

A site-work contractor finances a $180K excavator to take on larger commercial grading projects without draining cash reserves needed for payroll.

Medical Imaging Upgrade

A radiology practice finances a $400K MRI machine upgrade, spreading the cost over five years while immediately increasing patient throughput and revenue.

Food Truck Kitchen Buildout

A food truck entrepreneur finances $45K in commercial kitchen equipment including a flat-top grill, fryer, and refrigeration unit for a new mobile concept.

Fleet Expansion for a Delivery Service

A last-mile delivery company finances ten cargo vans at $35K each, using the vehicles themselves as collateral to keep credit lines free.

CNC Machine for a Custom Fab Shop

A metal fabrication shop finances a $120K CNC plasma cutter that triples their production capacity and opens new contract opportunities.

Salon Equipment Package

A new hair salon owner finances $30K in styling chairs, wash stations, and dryers, paying fixed monthly installments from client revenue.

Full Transparency

Pros & Cons of Equipment Financing

We believe in full transparency. Here's what you should know.

✅ Advantages

✓Equipment serves as collateral - no additional assets needed

✓Fixed monthly payments for easy budgeting

✓Longer terms = lower monthly cost

✓Section 179 tax deduction may apply

✓Preserves working capital for operations

⚠️ Considerations

•Can only be used for equipment purchases

•Equipment may depreciate faster than loan term

•May require a down payment (10-20%)

See What You Qualify For →

What It Actually Costs

Equipment Financing Pricing - Full Transparency

Interest Rate: 5% - 15% APR (typical range)

✓The equipment itself serves as collateral - no additional assets required

✓Fixed monthly payments for the life of the loan

✓Section 179 tax deduction may apply for equipment placed in service during the tax year

Terms and Structure:

✓2-7 year terms depending on equipment type and useful life

✓Down payments of 0-20% depending on credit profile

✓New and used equipment eligible - some lenders finance equipment up to 10 years old

Fees

Origination fees of 0-3% may apply. Documentation fees of $0-$500. No prepayment penalties with most lenders.

How to Get the Best Rate

Strong monthly revenue, 2+ years in business, and equipment with strong resale value qualify you for the lowest rates. Getting quotes before you need the equipment urgently gives you more negotiating power.

Typical Cost Examples

•$50K equipment, 8% APR, 5 years, 10% down = $912/month - $54,720 total

•$150K equipment, 10% APR, 5 years, 0% down = $3,187/month - $191,220 total

•$500K equipment, 7% APR, 7 years, 15% down = $6,407/month - $538,188 total

Rates shown are typical ranges from lenders in our network. Your actual rate depends on equipment type, revenue, time in business, and credit profile. Equipment financing typically offers lower rates than working capital because the equipment serves as collateral.

Full Transparency

Is Equipment Financing Right for You?

Honest answer. Not every product is the right fit. Here's how to tell.

✅ Good Fit If…

✓You need to purchase, lease, or upgrade specific business equipment

✓You want the equipment itself to serve as collateral instead of pledging other assets

✓You prefer fixed monthly payments over 1-7 years for easy budgeting

✓You want to preserve working capital for daily operations

✓You are looking to take advantage of Section 179 tax deductions

✓You need financing for both new and used equipment

✓Your business has been operating for at least 6 months with steady revenue

🚫 Consider Something Else If…

•You need funds for non-equipment expenses like payroll or marketing - a Working Capital Loan has no use restrictions

•You want revolving access you can draw from repeatedly - a Business Line of Credit is a better fit

•You need funding in less than 24 hours - Working Capital or a Merchant Cash Advance funds faster

•You want to lease short-term or rapidly depreciating tech - an Equipment Lease may offer better terms

•You are purchasing commercial property, not equipment - Commercial Real Estate Loans are designed for that

See What You Qualify For →

Compare

How Equipment Financing Compare

Side-by-side look at how this product stacks up against alternatives.

	Equipment Financing	Equipment Lease	Working Capital Loan
Speed to Fund	1 - 5 business days	1 - 5 business days	Same day - 48 hrs
Amounts	$10K - $5M	$10K - $5M	$10K - $2M
Repayment Structure	Fixed monthly (you own it)	Fixed monthly (return or buy)	Fixed daily/weekly ACH
Min. Credit Score	No minimum	550+	No minimum
Collateral	The equipment itself	Lessor owns equipment	None
Best For	Owning equipment long-term	Upgrading frequently	General-purpose cash needs

Ready?

See What You Qualify For. No Credit Impact.

Slide the calculator, answer 3 questions, and a specialist pulls your options within the hour.

✓Estimated approval range appears instantly

✓Auto-advances — no extra buttons to click

✓Soft pull only — FICO untouched

✓70+ lenders compete for your business

✓No obligation to accept any offer

Estimate

Revenue

History

Contact

See What You Could Qualify For

Slide to your average monthly bank deposits.

$10K$75K/mo$2M+

Estimated Approval Range

$75K – $113K

Based on 100-150% of monthly revenue

No hard credit pull · No obligation · Estimate only

Industries

Popular in These Industries

Equipment Financing are a top choice for business owners in these sectors.

You Might Also Need

Many businesses combine multiple products to cover different needs.

Working Capital Loans

Cover operating costs while your new equipment generates revenue.

Learn More →

SBA Loans

Finance large equipment packages plus facility upgrades together with SBA-backed rates.

Learn More →

Term Loans

Fund equipment-adjacent expenses like installation, training, and facility modifications.

Learn More →

Free Tools

Try Our Free Calculators

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Equipment Financing Calculator

Estimate payments, total cost, and Section 179 tax savings.

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Commercial Funding Calculator

Model large equipment packages from $500K to $5M+.

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Qualification Estimator

See your estimated approval range and recommended products.

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FAQs

Equipment Financing FAQs

Equipment Financing for Small Business - $10K to $5M from 70+ Lenders

Equipment financing from Basecamp Funding's network of 70+ lending partners lets you purchase or lease business equipment with the asset as collateral. Typical amounts range from $10K to $5M with APRs from 5% to 15% over 2-7 year terms. New and used equipment eligible.

Construction companies, trucking fleets, manufacturers, healthcare practices, auto repair shops, restaurants, and med spas use equipment financing for heavy machinery, vehicles, medical devices, commercial kitchen equipment, diagnostic tools, and technology systems. One 60-second application, no hard credit pull. Section 179 tax deductions may apply.

★★★★★

“Financed a $120K excavator with zero down. Section 179 saved me another $48K in taxes. Net cost was about $72K for a machine generating $200K in new contracts.”

Mike R.

General Contractor | Houston, TX

The Only Risk Is Not Knowing What's Available to You

60 seconds. No credit impact. No obligation.

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No hard credit pull · Free to check · Nationwide

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