Finance the machinery, vehicles and technology your business runs on — with the equipment itself as collateral. Compare equipment financing offers from multiple lenders.
Check My Eligibility →Equipment financing is a loan or lease used to purchase business equipment — from trucks and tractors to medical devices, restaurant kitchens and CNC machines. Because the equipment itself secures the loan, approval is often easier than unsecured borrowing, and terms can run to the equipment's useful life.
Equipment can be financed as a loan (you own it and build equity) or a lease (lower payments, options to buy at the end). Through BidMyCapital, one application compares equipment financing offers from 50+ lenders.
Choose ownership via a loan, or lower payments via a lease with a buy-out option.
The equipment secures the deal, which makes approval easier and rates lower.
Repay over the useful life of the asset, typically 2 to 10 years.
Rates typically range from roughly 7% to 30% APR depending on equipment type, credit and whether you choose a loan or lease. New equipment usually attracts better rates than used. The equipment's value effectively sets the ceiling on what you can borrow.
Established businesses get the best terms; some lenders accept newer ones.
Revenue confirms you can carry the payment.
Equipment loans are more flexible than unsecured loans on credit.
Many lenders fund 80% to 100% of the equipment cost depending on profile.
Yes. Equipment financing is collateralized by the equipment, so lenders are more forgiving on credit. Many work with scores of 550 to 600 and above.
Leasing means lower monthly payments and flexibility to upgrade, but no ownership until you buy out. Financing builds equity in an asset you'll keep long-term.
Yes, though lenders may cap the loan at a percentage of the used equipment's appraised value and rates are often slightly higher than new.
Virtually any business asset: trucks, trailers, construction and medical equipment, restaurant equipment, farm machinery, manufacturing tools and technology.
Most lenders fund from $5,000 to $500,000, with the equipment's value and your revenue setting the limit.