Equipment Financing
Get the funding you need to purchase or lease new and used equipment for your business, with flexible terms up to 7 years.
$10K - $500K
Loan amounts
1-7
Year terms
2-5
Day approval
Complete the form to check your options without affecting your credit score.
What is equipment financing?
Equipment financing is a loan or lease specifically designed to help businesses purchase the machinery, vehicles, technology, or other equipment they need to operate and grow. This type of financing allows you to spread the cost of expensive equipment over time rather than paying for it all upfront.
With equipment financing, the equipment itself typically serves as collateral for the loan, which can result in better rates compared to unsecured financing options. This makes it an excellent choice for businesses looking to preserve cash flow while acquiring essential equipment.
At Tariff Business Loans, we offer equipment financing options ranging from $10,000 to $500,000 with terms extending up to 7 years, depending on the type of equipment and your business qualifications.
Benefits of Equipment Financing
Preserve cash flow
Spread the cost of equipment over time instead of making a large upfront investment.
Competitive rates
Equipment serves as collateral, often resulting in lower rates than unsecured financing options.
Flexible terms
Options ranging from 1 to 7 years, tailored to match your equipment's useful life.
Equipment we finance
Construction
Excavators, bulldozers, cranes, loaders, pavers, and more
Transportation
Semi-trucks, trailers, delivery vans, commercial vehicles
Restaurant
Ovens, refrigerators, cooking equipment, POS systems
Medical
Diagnostic machines, lab equipment, patient monitoring systems
Manufacturing
CNC machines, production lines, industrial equipment
Technology
Computers, servers, IT infrastructure, software
Agricultural
Tractors, harvesters, irrigation systems, processing equipment
Office
Furniture, printers, copiers, phone systems, security equipment
Don't see your equipment type listed? We finance many other equipment categories. Contact us to discuss your specific needs.
Contact UsHow to apply for equipment financing
Apply online
Complete our simple application with basic information about your business and the equipment you need.
Submit documentation
Provide equipment quotes, business financials, and other required documentation.
Get approved
Receive a decision within 2-5 business days after submitting all required documentation.
Purchase equipment
Once approved, we'll pay the equipment vendor directly, and you can start using your new equipment.
Eligibility Requirements
Basic Requirements
- At least 1 year in business
- $100,000+ in annual revenue
- 600+ personal credit score
- U.S.-based business
Documentation Needed
- Equipment quote or invoice
- Business financial statements
- Bank statements (3+ months)
- Business tax returns
Equipment Requirements
The equipment being financed should meet the following criteria:
- Essential for business operations
- Has a useful life that matches or exceeds loan term
- Retains value over time
- Can be properly identified (serial number, VIN, etc.)
Frequently Asked Questions
What's the difference between equipment financing and leasing?
With equipment financing, you're working toward ownership of the equipment, and the equipment serves as collateral for the loan. At the end of the term, you own the equipment outright. With equipment leasing, you're essentially renting the equipment for a set period, and at the end of the lease term, you typically have the option to return the equipment, renew the lease, or purchase it for a predetermined amount. Financing is generally better for equipment you plan to use long-term, while leasing may be preferable for equipment that quickly becomes obsolete.
Can I finance used equipment?
Yes, we offer financing for both new and used equipment. For used equipment, we typically require an equipment appraisal to determine its current market value. The age and condition of the equipment may affect the terms of the loan, including the interest rate and maximum term length. Generally, used equipment should be in good working condition and have a remaining useful life that exceeds the term of the financing.
What down payment is required for equipment financing?
Down payment requirements typically range from 0% to 20% of the equipment cost, depending on several factors including your business's credit profile, time in business, the type of equipment being financed, and the overall loan term. For well-qualified businesses with strong credit and established history, we can often provide up to 100% financing with no down payment. For start-ups or businesses with less-than-perfect credit, a down payment of 10-20% may be required.
Are there tax benefits to equipment financing?
Yes, equipment financing can offer significant tax advantages. Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year, up to certain limits. Additionally, you may be able to claim depreciation on the equipment over time. These tax benefits can substantially reduce the effective cost of your equipment purchase. We recommend consulting with your tax advisor to understand how these benefits apply to your specific situation.
Ready to finance your equipment?
Get the equipment your business needs to grow with competitive rates and flexible terms from Tariff Business Loans.