Equipment Financing for Small Business
Equipment financing helps a business pay for equipment while spreading the cost over agreed repayment terms. Pro Capital is an independent broker, not a lender, matching businesses with lenders. Apply with a soft credit pull to compare options for your next purchase.
Who equipment financing fits
Kitchen equipment, medical and dental equipment, trucks, and construction tools are illustrative uses, not examples of promised funding outcomes. Equipment financing may fit a defined purchase with an invoice or quote.
A line of credit may fit better when you need repeated access to funds for several purchases or changing operating expenses.
Equipment financing benefits
- 5 to 7 year repayment term
- Some lenders fund quickly; no timeline guaranteed
- Monthly payments
- Financed equipment may be deductible; ask your CPA
How it works
- Apply with your business and equipment information.
- Authorize a soft credit pull only.
- A Pro compares lender offers, including payments, fees, and conditions.
- Choose an offer; funding follows lender review and completion of required documents. No timeline is guaranteed.
Documents and qualifications
- 1-page application
- 6 months of bank statements
- Invoice or quote for the equipment
Credit requirements vary by lender. Pro Capital has a program for every credit score. Term loans and lines of credit specifically need 680+ FICO. Ask a Pro which equipment program fits your business and what additional documents a lender may request.
Review lender terms
Compare the total repayment, payment schedule, interest, fees, and any personal guarantee before accepting an offer. Final pricing and conditions depend on the lender and your business profile.
Tax considerations
Financed equipment may be deductible, and Section 179 may be available depending on the equipment, business use, and applicable rules. Eligibility and timing depend on your circumstances. This is not tax advice; ask your CPA.
Frequently asked questions
- What credit score is required for equipment financing?
- Credit requirements vary by lender. Pro Capital has a program for every credit score. Term loans and lines of credit specifically need 680+ FICO; that is not an equipment-financing floor.
- Will I need a personal guarantee?
- A lender may require a personal guarantee. Ask a Pro to explain the guarantee and other conditions in your specific offer before you sign.
- Can a new business apply?
- Yes, a new business can apply. Eligibility, revenue requirements, and available offers vary by lender; applying does not guarantee an offer.
- Is the equipment used as collateral?
- Pro Capital offers unsecured funding options. Equipment-related security conditions vary by lender and structure; review any lien or collateral requirement in the offer with a Pro.
- How quickly can equipment financing fund?
- Some lenders fund quickly; no timeline guaranteed. Timing depends on review of the application, equipment quote, and required documents.