EQ · Financing
Accepting applicationsEquipment financing secured on the asset itself
Fund machinery, vehicles or plant using the equipment as security — so the credit bar is lower and larger amounts are within reach.
- Amount
- $10k – $1M
- Funded in
- 2 – 7 business days
- Term
- 24 – 72 months
- Priced as
- Interest rate from 8.9%
- Min. trading
- 6 months trading
Illustrative ranges. Your actual amount, rate and term depend on your business and are set when you apply.
What a Equipment Financing is
Equipment financing funds machinery, vehicles or plant using the asset itself as security. Because the equipment secures the deal, the credit bar is lower than for unsecured funding and larger amounts are within reach.
The term is usually matched to the useful life of the asset — 24 to 72 months — so the equipment pays for itself as it works. The vendor quote sets the amount. Bear in mind the funder takes a lien on the equipment, and soft costs like delivery and installation are not always covered.
How it works
- 1Send the vendor quote
The invoice or quote sets the amount to finance.
- 2Approval against the asset
The equipment secures the deal, which keeps the credit bar lower than unsecured funding.
- 3Own it as you use it
Fixed payments over 24 to 72 months, matched to the asset’s working life.
Who it is a fit for
Machinery, vehicles or plant that holds resale value — the asset secures the deal, so the credit bar is lower.
The funder takes a lien on the equipment. Soft costs such as delivery and install are not always covered.
What you will need
The full checklist is built from your answers in the application — you are never asked for a document that does not apply to you. For a Equipment Financing, the document that does the work is: The vendor quote or invoice, which sets the amount. Most files are complete with around 9 documents in total.