BUSINESS
Equipment Financing
APPROVE helps businesses finance the equipment they need by connecting them to a network of competing lenders through one simple application. Whether you're buying your first machine or expanding your fleet, our team helps you compare real offers and choose the right terms with speed and confidence.
A smarter way to finance equipment
Equipment financing should help you grow, not tie up the cash your business needs to operate. APPROVE simplifies the process by combining modern technology with hands-on guidance from real finance experts, so you can get the equipment you need without draining your reserves.
Instead of applying to one bank and hoping for a yes, APPROVE routes your application to a network of competing lenders matched to your business profile, credit, and the equipment you're financing, so you see your best options side-by-side.
Get financing in three simple steps.
Skip the endless forms and lender spam. Submit one application and review real offers built around the equipment you need. Not sure where to start? We can help.
Step 1
Apply in 60 seconds.
Tell us about your business and the equipment you need. One quick application connects you to our network of trusted lenders who specialize in helping businesses like yours.
- One simple, secure application
- No lender spam or repeated submissions
- Reviewed by real finance experts
Step 2
Choose your best offer.
We instantly match your application with the lenders most likely to approve it, so you can compare competitive offers and choose the one that fits your goals.
- Compare up to three offers side-by-side
- Get expert help understanding each option
- Choose the best terms for your business
What is equipment financing?
Equipment financing lets businesses acquire the machinery, vehicles, or tools they need by spreading the cost over time instead of paying the full price upfront. The equipment itself typically serves as collateral, which often makes approval faster and terms more competitive than other types of business loans. Because financing is tied to the asset, businesses can preserve cash flow while still getting the equipment that drives revenue.
Equipment financing is commonly used for:
- Construction and heavy machinery
- Commercial kitchen and foodservice equipment
- Medical and dental equipment
- Manufacturing and industrial equipment
- Technology and IT hardware
- Vehicles, trailers, and specialty equipment
Estimate your equipment financing power.
Our equipment financing calculator uses data from recently funded equipment deals to estimate your approval range, so you can plan your next purchase with confidence.
Finance as low as
Section 179 Tax Deduction Disclaimer
The equipment you purchase may qualify for a tax deduction
This is an estimate of net impact to the monthly payment after the Section 179 tax deduction. This deduction allows businesses to deduct the full purchase price of qualifying equipment or software in the year it is purchased, rather than depreciating it over several years.
This benefit can significantly reduce a business’s taxable income, providing immediate cash flow advantages. By enabling companies to deduct up to the annual limit set by the IRS, Section 179 encourages businesses to invest in new equipment, fostering growth, increased productivity, and enhanced profitability while also offering substantial tax savings.
Disclaimer: The after-tax rate we calculate is based on assumptions and general estimates. Actual tax outcomes may vary depending on individual circumstances, tax rates, and changes in tax laws. Always consult a tax professional for precise advice tailored to your situation.
Visit Section179.org for more information.
Working capital terms, rates, and eligibility vary by lender and borrower qualifications. Submitting an application does not guarantee approval.
We're here to help your business.
Working capital decisions are important to your business, and should never feel rushed or confusing. With APPROVE, you can expect:
- One guided application instead of multiple bank submissions
- Best-fit lender matching based on your business profile
- CLFP-certified experts who help you navigate every step of the process
- Clear visibility into where you are in the process
Our goal isn't to push you into a loan. It's to help you understand your options and move forward with confidence.
"These guys went beyond the call of duty to help me purchase my machinery. Thank you very much A+."
Dennis D.
"Awesome service, very fast response and walked me through the whole process very fast and painless. Definitely will be doing more business in the near future."
Christopher S.
"These are some of my favorite people to work with. They are great with my customers!"
Jennifer C.
Frequently Asked Questions
How many lenders review my application?
APPROVE's large network of lenders is constantly growing, however, our technology matches your application with the lender(s) most likely to offer you the best rates based on your business type and credit profile. If more than one lender is a good fit for your business and credit profile, you may receive competing offers to compare.
How does this affect my credit?
There is no impact to your personal credit, unless a personal guarantee is required. Personal guarantees will have an inquiry on their credit by some lenders. Because these credit inquiries happen in a short timeframe, and for the same products, credit bureaus recognize them as part of a normal shopping process and will view them as a single credit inquiry by lenders.
How long does the application process take?
Can I finance equipment for personal use?
APPROVE does not provide equipment financing to consumers who wish to use the equipment only for personal use. Equipment financing is available to any business or organization that qualifies, including corporations, partnerships, LLCs, sole proprietorships and non-profits.
What is the average cost of financing?
The cost of financing can vary greatly depending on many different factors, including your business credit, industry, time-in-business and additional guarantees that may be pledged. Generally, equipment financing ranges from a 5% to 25% equivalent APR. That said, our approach to using a network of lenders assures you will achieve the lowest cost of financing possible.
Is equipment financing available outside of the United States?
Currently, equipment financing is only available to companies based in the United States and who intend to keep the equipment in the United States.
What is the minimum value of equipment I can finance?
The minimum value of equipment that can be financed is $1,500. On the other hand, there is no maximum amount and our lender network can offer competitive rates on equipment values into the millions.
GET STARTED
Power your business with smarter financing.
Tell us a little about your business, and we’ll connect you with the right expert to help you get started. Expect a quick, personalized follow-up with next steps tailored to your goals.