FINANCING FOR BUSINESS EQUIPMENT
Equipment Financing
Finance the equipment your business needs to operate and grow.
Equipment financing may help a business purchase, replace, or upgrade vehicles, machinery, technology, and other eligible business equipment. Potential structures may include an equipment loan, lease, or another asset-focused financing product.
One Short Request
No Obligation
No Hard Credit Pull to Start
Available structures, financed amounts, down payments, rates, fees, repayment terms, and timing vary by provider.
Equipment-Focused
Designed around an identifiable business asset or equipment purchase.
Preserve Cash
May reduce the need to pay the full equipment cost upfront.
Defined Payments
Repay according to the schedule established by the provider.
Terms Vary
Rates, fees, down payments, ownership terms, and requirements vary.
UNDERSTANDING THE PRODUCT
What Is Equipment Financing?
Equipment financing is a business funding structure used to acquire, replace, or refinance equipment needed for business operations.
Depending on the provider and transaction, the structure may be an equipment loan, lease, financing agreement, or another asset-based product. Funds may be paid to the equipment vendor or disbursed according to the provider’s closing process.
The equipment may serve as collateral or security for the obligation. Ownership, liens, down payments, residual or buyout provisions, insurance, maintenance responsibilities, and early-payoff rules vary by agreement.
At a Glance
Purpose: Purchase, replace, upgrade, or refinance eligible business equipment
Structures: May include equipment loans, leases, or other asset-focused products
Common fit: Vehicles, machinery, technology, production tools, and specialized equipment
Security: The financed equipment may be subject to a lien or other security interest
Common Equipment Financing Uses
Eligible equipment depends on the provider, industry, asset type, age, condition, vendor, and intended business use.
Vehicles and Fleet
Finance eligible commercial vehicles, delivery vans, trucks, trailers, or fleet additions used by the business.
Machinery and Production
Acquire manufacturing, construction, agricultural, warehouse, or production equipment.
Technology and Office
Purchase computers, servers, communications systems, point-of-sale equipment, or office technology.
Specialized Equipment
Finance eligible medical, dental, restaurant, automotive, fitness, or industry-specific equipment.
Could Equipment Financing Fit Your Business?
The appropriate structure depends on your funding purpose, timing, repayment preferences, qualifications, and the options available.
Equipment Financing May Be Worth Exploring When:
- The primary purpose is to purchase or replace identifiable equipment
- You want to preserve cash rather than pay the full cost upfront
- The equipment will be used directly in business operations
- You have a vendor quote, invoice, or clear equipment specification
- You want payments spread over an established period
- You understand that the equipment may secure the financing
Working Capital May Fit Better When:
- You need funds for payroll, inventory, marketing, or general expenses
- The request includes several business uses rather than one asset
- You need flexible access for recurring or unpredictable needs
- The main issue is a short-term cash-flow gap
- You are not purchasing or refinancing identifiable equipment
A SIMPLE STARTING POINT
How to Explore Equipment Financing Options
The initial VeriPoint request is designed to be straightforward. Equipment details or vendor documents may be requested later if you continue.
1
Submit an Initial Request
Provide basic information about your business, the amount you are exploring, and the equipment you intend to purchase or refinance.
2
Partner and Equipment Review
Your request may be routed to participating funding partners whose equipment programs could align with the business and asset information submitted.
3
Review Structure and Terms
If an option may be available, review the financed amount, down payment, payment schedule, term, pricing, fees, ownership, liens, insurance, and requirements.
4
Choose Your Next Step
You decide whether to continue. There is no obligation to accept an offer or open an account.
Important Terms to Review
Before accepting any funding arrangement, review the complete agreement and ask the provider questions about costs, access, and repayment.
Costs and Fees
Review the interest rate or financing cost, origination or documentation fees, down payment, total repayment amount, and any other applicable charges.
Ownership, Liens, and Insurance
Confirm who owns the equipment during the agreement, whether a lien or security interest applies, and what insurance or maintenance obligations are required.
Term, Payoff, and End-of-Term
Review the term length, payment frequency, early-payoff rules, prepayment provisions, residual value, purchase option, return requirements, and end-of-term conditions.
Frequently Asked Questions
How much equipment could be financed?
Potential financed amounts depend on the provider, equipment cost and type, business revenue, time in business, credit profile, bank activity, existing obligations, down payment, and other qualifications. The approved amount may differ from the amount requested.
Can both new and used equipment be financed?
Some providers finance both new and used equipment, while others limit eligible asset types, ages, conditions, vendors, or values. Used equipment may require an inspection, appraisal, serial number, or additional documentation.
Is a down payment required?
Down-payment requirements vary by provider, business qualifications, equipment type, age, condition, transaction size, and structure. Some options may require money down or an initial payment.
Will submitting a request affect my credit?
The initial VeriPoint Funding request does not require a hard credit pull to start. A participating funding partner may request authorization to review your credit later if you choose to continue.
Does the equipment serve as collateral?
Often, the financed equipment is subject to a lien or other security interest. Additional collateral or a personal guarantee may also be required depending on the provider and transaction.
Can commercial vehicles be financed?
Eligible commercial vehicles may be considered by some providers, including vans, trucks, trailers, and fleet vehicles. Vehicle age, mileage, use, value, title status, and seller requirements vary.
Ready to Explore Equipment Financing Options?
Tell us about your business, the equipment you need, and the amount you are exploring.
Takes about one minute · No obligation · No hard credit pull to start
No obligation to accept an offer.
VeriPoint Funding does not guarantee approval, funding availability, a particular financed amount, equipment eligibility, product structure, or specific terms. Equipment financing products are subject to funding partner and/or lender approval and may not be available for all equipment types, industries, vendors, transactions, or locations. Rates, fees, down payments, payment frequency, repayment periods, ownership terms, liens, collateral or guarantee requirements, insurance, documentation requirements, and timing vary by provider and applicant qualifications. VeriPoint Funding is not a direct lender and does not make credit decisions.