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🚜 Equipment Financing

Lendio Equipment Financing — $5K to $5M

Equipment financing lets your business own machinery, vehicles, technology, and tools immediately — paying over time with fixed monthly payments. Because the equipment itself secures the loan, approval is more accessible than unsecured financing.

Finance My Equipment — Free → All Loan Types
$5K–$5M
Loan Range
Up to 10 yrs
Max Term
575+
Min. Credit Score
2–5 days
Funding Speed
Process

How Lendio Equipment Financing Works

Equipment loans work differently from general business loans. Here's the simple process from application to ownership.

1

Apply Through Lendio

Submit one application with details about the equipment you need and your business financials. Soft credit check — no score impact.

2

Get Matched & Compare

Lendio matches you with equipment finance lenders. Compare rates, term lengths, and monthly payment amounts side by side.

3

Equipment Is Approved

The lender evaluates both your business profile and the equipment's value. The equipment serves as collateral for the loan.

4

You Own the Equipment

Funds are sent to the equipment vendor. You take ownership immediately and repay monthly over the agreed term.

Construction worker using equipment financed through Lendio
Why Equipment Financing Makes Sense

Own Your Equipment.
Protect Your Cash Flow.

Paying for expensive equipment outright drains working capital and can leave your business financially vulnerable. Equipment financing lets you put that capital to work elsewhere — in marketing, hiring, inventory — while still acquiring the tools you need.

Because the equipment itself serves as collateral, lenders can offer more accessible terms — even for businesses with shorter credit histories. Many equipment loans require no additional collateral beyond the equipment being financed.

  • Own the equipment immediately — no waiting until you save up
  • Fixed monthly payments make budgeting straightforward
  • Interest and depreciation may be tax-deductible (consult your CPA)
  • Equipment as collateral means better approval rates
  • Finance up to 100% of equipment cost with qualifying profiles
Industries We Serve

Lendio Equipment Financing for Every Industry

Virtually any type of business equipment can be financed through Lendio's network.

🏗️

Construction & Contractors

Excavators, cranes, concrete mixers, scaffolding, power tools, and commercial vehicles for job sites.

🏥

Medical & Healthcare

Imaging equipment, dental chairs, surgical instruments, diagnostic devices, and exam room equipment.

🍽️

Restaurants & Food Service

Commercial ovens, refrigeration units, dishwashers, food prep equipment, and POS systems.

🚛

Transportation & Logistics

Semi-trucks, delivery vans, forklifts, trailers, and fleet vehicles for commercial operations.

🌾

Agriculture & Farming

Tractors, harvesters, irrigation systems, livestock equipment, and agricultural technology.

🖨️

Printing & Manufacturing

Commercial printing presses, CNC machines, assembly line equipment, and industrial machinery.

Key Benefits

Advantages of Equipment Financing

🔐

Equipment Serves as Its Own Collateral

Unlike general business loans that may require real estate or other assets as collateral, equipment financing uses the purchased equipment itself to secure the loan. This makes approval far more accessible for growing businesses.

📈

Preserve Working Capital

Instead of spending $200,000 on equipment at once, finance it over 5–7 years with predictable monthly payments. That $200,000 stays in your account — available for payroll, marketing, and operating expenses.

💰

Potential Tax Benefits

Under Section 179 of the tax code, businesses may be able to deduct the full purchase price of qualified equipment in the year it's placed into service. Consult your tax professional for guidance on your specific situation.

⚡

Faster Approval Than Unsecured Loans

Because the equipment reduces the lender's risk, equipment financing typically has faster approval timelines and more flexible credit requirements than unsecured business loans of equivalent amounts.

Questions

Equipment Financing FAQs

Through Lendio's network, you can finance virtually any type of business equipment — from restaurant cooking equipment to construction machinery, medical devices, technology hardware, commercial vehicles, agricultural equipment, and manufacturing machinery. Generally, the equipment must be used for business purposes and have a determinable useful life.
Yes — many lenders in Lendio's network finance both new and used equipment. Used equipment financing typically requires an appraisal or proof of the equipment's current market value. Lenders may have restrictions on the age of used equipment (commonly limiting financing to equipment under 10–15 years old, depending on the type). Your funding manager will help identify which lenders work with your specific equipment type and condition.
With equipment financing (a loan), yes — you own the equipment from day one. The lender holds a lien on the equipment as security until the loan is fully repaid. This is different from equipment leasing, where you use the equipment but the leasing company retains ownership. Equipment financing through Lendio's network is structured as ownership-based financing in most cases.
What Can I Finance?

Types of Equipment You Can Finance Through Lendio

Virtually any business equipment qualifies — from day-one purchases to multi-million-dollar machinery. Here's what Lendio's lender network covers.

🏗️ Construction & Contractors

Excavators, bulldozers, cranes, concrete mixers, scaffolding, skid steers, dump trucks, and commercial work vehicles. Finance new or used.

🏥 Medical & Dental

MRI machines, X-ray equipment, dental chairs, surgical tools, patient monitoring devices, EMR systems, and lab equipment.

🍽️ Restaurant & Food Service

Commercial ovens, walk-in freezers, dishwashers, grills, food prep equipment, POS systems, and refrigeration units.

🚛 Transportation & Logistics

Semi trucks, delivery vans, refrigerated trailers, forklifts, pallet jacks, and fleet vehicles for commercial operations.

🖥️ Technology & IT

Servers, networking equipment, computers, point-of-sale systems, manufacturing software, and business tech infrastructure.

🌾 Agriculture & Farming

Tractors, harvesters, irrigation systems, greenhouse equipment, livestock handling systems, and precision ag technology.

Rates & Terms

Lendio Equipment Financing Rates — What to Expect

Equipment financing rates through Lendio's network are competitive because the equipment itself reduces lender risk. Here's a realistic breakdown.

Interest Rate
4.99–20%

APR. Best rates for 680+ credit scores and established businesses. Lower scores still qualify at higher rates.

Loan Term
1–10 yrs

Matched to equipment useful life. Vehicles: 3–5 years. Heavy machinery: 5–10 years. Technology: 1–3 years.

Down Payment
0–20%

Strong profiles may qualify for 100% financing with $0 down. Most borrowers put 10–20% down.

Sample Monthly Payment

$100,000 excavator financed over 60 months at 8% APR

$2,028
Monthly payment
$21,680
Total interest over life of loan

Illustrative only. Actual rates vary. Apply free for a real offer.

People Also Ask

More Lendio Equipment Financing Questions

Equipment financing is usually better for buying equipment because the equipment itself serves as collateral, resulting in lower interest rates, longer terms, and easier approval than unsecured business loans. Equipment financing terms are also matched to the equipment's useful life, making payments more manageable. General business loans make more sense when you need flexibility to use funds for multiple purposes beyond equipment.
Yes — many lenders in Lendio's network finance both new and used equipment. Used equipment typically requires an appraisal or documentation of current market value. Lenders generally limit financing to equipment less than 10–15 years old depending on type. Your Lendio funding manager will identify which lenders work with your specific equipment age and condition.
Equipment financing through Lendio's network is available for credit scores as low as 575, making it one of the more accessible loan products. Because the equipment serves as collateral, lenders are more flexible on credit requirements than they are for unsecured loans. A score of 650+ will unlock the best rates and terms. Even with lower credit, strong monthly revenue and business history can improve your approval odds significantly.
Most equipment financing through Lendio funds within 2–5 business days after final approval. The timeline includes: application and matching (day 1), reviewing and selecting an offer (day 1–2), submitting any additional documents requested by the lender (day 2–3), and final approval and funding (day 3–5). Larger equipment loans above $500,000 may take slightly longer due to more thorough underwriting.
Potentially yes — under Section 179 of the IRS tax code, businesses may be able to deduct the full purchase price of qualified equipment in the year it's placed into service, rather than depreciating it over time. Additionally, interest paid on business loans is generally deductible as a business expense. Tax laws change and situations vary — always consult a qualified CPA or tax professional for guidance specific to your business.
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