ALSO AVAILABLE
Equipment financing
The machine, truck, or lift you're buying secures the facility. Because the funder can take the asset back, the money is cheaper and the credit box is wider.
- Size
- $10,000 – $2,000,000
- Term
- 24 – 72 months
- Speed
- 2 – 10 business days
- Best for
- Revenue-producing hard assets
What this actually costs
- Amount funded
- $120,000 tractor
- Total dollar cost
- $26,400
- Payment schedule
- $2,440 monthly for 60 months
- Annualized rate
- 13.9% APR
Illustrative only. Your actual terms depend on your business and the funder.
How it works
- 01
You pick the equipment and get a quote
New or used, dealer or private party. The invoice drives the file.
- 02
The funder values the asset
Resale value matters as much as your credit. Good iron carries a weak file.
- 03
The funder pays the vendor
Money moves to the seller, not to you, with a lien recorded on the asset.
- 04
You pay it down over the useful life
Terms are matched to how long the asset earns.
Equipment paper is quoted a dozen ways — rate factors, monthly payment per thousand, $1 buyouts, 10% purchase options. Two quotes with the same monthly payment can differ by thousands at the end. We total it out including the buyout, every time.
When it fits
- The asset produces revenue from the week it arrives.
- You want to preserve cash and working capital lines for operations.
- Your credit is imperfect but the collateral is strong.
When it's the wrong tool
- The equipment is a want, not a bottleneck.
- The asset depreciates faster than you'd pay it down.
- You'd be financing soft costs the funder won't cover anyway.
Common uses
- A trucking company adding a tractor against a dedicated lane.
- A shop buying two lifts and an alignment rack.
- A manufacturer adding a CNC to take on a bigger contract.
- A restaurant replacing a walk-in that failed in July.
Questions
- Can I finance used equipment?
- Usually yes, subject to age and hours. Older iron shortens the term.
- Is a down payment required?
- Often zero to twenty percent depending on the asset and your file.
- Lease or finance?
- Finance if you'll keep it past the term; lease if you cycle equipment or want the lowest payment. Ask your CPA about the tax treatment — it's usually the deciding factor.
- What's a $1 buyout?
- You own the asset at the end for one dollar. A 10% option means a balloon at the end. The same monthly payment can hide a very different total.
- Can I finance from a private seller?
- Often, with a clean title and an inspection. It takes a few extra days.
See what you'd actually pay.
Three documents to start: the last four months of business bank statements, a driver's license, and a voided check. That's the whole file to get options back.
FundMainStreet.com is a financing arranger, not a lender or a bank. We connect business owners with third-party funding partners and are compensated by those partners when a transaction closes; we disclose that compensation to you before you sign. Approval, terms, and funding are determined solely by the funding partner. Merchant cash advances are purchases of future receivables, not loans. All figures shown on this site are illustrative and are not an offer or commitment to fund.