Equipment Financing Growing Companies
Equipment financing from $10K-$5M through our partner lenders. Purchase machinery, vehicles, computers, or any business equipment with competitive rates and the equipment as collateral.
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Only 4 minutes • No impact to credit score
Get the equipment you need without draining your capital
Equipment financing is a secured loan where the equipment itself serves as collateral. You own the equipment from day one and make fixed monthly payments.
What counts as equipment
Vehicles and fleet transportation
Machinery and manufacturing equipment
Computers, software, and technology
Office furniture and fixtures
Medical or dental equipment
Restaurant equipment and appliances
Construction equipment
Heavy machinery
When to use equipment financing
Major equipment purchases you can't afford upfront
Long-lasting revenue-generating equipment
Replacing outdated or broken equipment
Expanding operations
When NOT to use
Frequently upgraded equipment
Equipment under $5K
Short-term equipment needs
How it works
01
Choose your equipment
Identify the equipment you need and get quotes from vendors. We work with new and used equipment across all industries.
02
Apply for financing
Complete a simple application with your business and financial details. We'll match you with the right lenders for your equipment type.
03
Get approved and purchase
Once approved, we coordinate with your vendor to finalize the purchase. The equipment serves as collateral for the loan.
04
Make payments and build credit
Make fixed monthly payments over your loan term. On-time payments help build your business credit profile.
Approval and funding typically takes 2-3 weeks
Two ways to finance equipment
Business term loan for equipment
Best for
$25K–$500K
Term
2–14 years
Rates
Starting at 7.5%
Down payment
10–20%
Equipment used as collateral
Best Rates
SBA Loan for Equipment
Best for
$10K–$5M
Term
5–25 years
Rates
11–13% APR
Down payment
Typically 10%
Best rates, longer approval process
Requirements and qualifications
Transparent, straightforward refinancing terms designed to help you escape predatory debt
Business qualifications
12–24 months in business
For-profit, U.S.-based
Good tax standing
Financial requirements
$25K+ annual revenue
Ability to make monthly payments
600+ credit score
2+ years since bankruptcy
Equipment requirements:
Equipment must be for business use
Equipment serves as collateral
May require quotes or invoices from vendors
New or used equipment accepted
Documentation needed
Equipment quotes or invoices
Business tax returns
Year-to-date financials
Bank statements
Personal financial statement
Should you finance or lease?
Finance if you need:
Long-term use (5+ years).
Ownership matters to you. Building equity in assets. Equipment won't become obsolete quickly.
Ownership matters to you. Building equity in assets. Equipment won't become obsolete quickly.
Lease if you need:
Equipment updates frequently.
Lower monthly payments preferred.
Regular upgrades needed.
No disposal responsibility.
We connect you to specialized equipment lenders
ChatBiz works with a network of equipment financing specialists to help you find the right
funding solution. We handle the complexity so you can focus on growing your business.
funding solution. We handle the complexity so you can focus on growing your business.
Match you with lenders specialized in your equipment type
Prepare applications and organize required documents
Coordinate directly with lenders for seamless transactions
Guide you through approval and funding process
Compare rates and terms across multiple lenders
Why use ChatBiz?
Equipment financing is typically easier to get approved for than unsecured business loans because the equipment itself serves as collateral. This reduces risk for lenders and potentially lowers your interest rates.
Frequently Asked Questions
Can I finance used equipment?
Yes. Most lenders finance both new and used equipment. Used equipment may have slightly higher rates or shorter terms depending on age and condition.
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How much down payment do I need?
Typically 10-20% for term loans, 10% for SBA loans. Some lenders offer 100% financing for highly qualified businesses.
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What if the equipment breaks?
You're still responsible for loan payments even if equipment breaks. Consider equipment warranties or maintenance contracts when purchasing.
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How long does approval take?
Typically 1-2 weeks from application to funding. SBA loans take longer (3-6 weeks) but offer the best rates.
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What happens to the equipment when the loan is paid off?
You own it outright. No liens remain on the equipment once the loan is fully repaid.
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Access to specialized equipment lenders
$300M+
deployed
1,000+
Businesses Funded
Equipment
financing specialists
Licensed Broker
Approved Partner
Data Encryption
GDPR Compliant
What business owners are saying
Real feedback from real founders
They turned complex financial challenges into smooth solutions — and made the process enjoyable.
Christopher McKenney
SBA Loan
The team at ChatBiz Finance are knowledgeable and seasoned professionals, further strengthened by an entrepreneurial spirit. I highly recommend them.
Ray Juncoso
Working Capital
ChatBiz made it easy from day one. They advised me on my bookkeeping and helped me get approved when I really needed clarity and support. They’re true experts who got me the best structure for my financial goals.
Akhil Bhandare
Working Capital
Finance the equipment your
business needs
business needs
Check your eligibility in minutes with no impact to your credit score and no commitment required. Our team will match you with the right equipment financing solution.
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