Equipment financing
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Buy, lease or repair the equipment that earns you money, while keeping your cash.
See my optionsKey takeaways
- The equipment usually serves as the collateral.
- That often makes approval easier than an unsecured loan.
- You can finance purchases, repairs or leases.
How equipment financing works
Equipment financing pays for trucks, machines, kitchen gear, medical devices and tools. The equipment itself usually secures the loan.
Because the asset backs the deal, approvals can be easier than unsecured loans. Fora notes no additional collateral is needed, though rates can run higher.
Published terms for equipment financing
| Lender | What they offer | Speed | Published minimums | Source |
|---|---|---|---|---|
| Fora Financial | Purchases, repairs or leases with no extra collateral needed | Decisions in as little as 4 hours | Rates can run higher, Fora notes | Fora Financial website |
| 1West | Buy or lease through a marketplace of 50+ lenders | Offers often within a day | Half a year in business and $15K in monthly sales | 1West website |
Checked Oct 23 2026. Lender terms change often.
When to finance equipment
Finance equipment that earns its keep: a second truck that lets you take more loads, an oven that doubles output, a device that adds a billable service. If the item will not pay for itself, think twice before borrowing.
Questions owners ask
Can I finance used equipment?
Often yes. Lenders look at the value and age of the item.
Lease or loan?
A loan builds ownership. A lease keeps payments low and makes upgrades easy.
Do I need a down payment?
It depends on the lender, the item and your credit.
Ready to compare your funding options?
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