The equipment is its own collateral, which makes this the lightest qualification of any secured product.
The lender holds a security interest in the asset until you've repaid. If the deal goes bad they can repossess and resell, which caps their downside — so they can say yes to files that an unsecured lender would decline. Strong cash flow plus a valuable asset can get approved even at 550–600 credit.
Vehicles, trailers, and heavy machinery have clear resale markets and documented ownership, so they price better. Soft assets — software, custom installations, leasehold improvements — are harder to finance because they're difficult to repossess and resell.
You own the equipment from day one and repay over two to seven years at a fixed monthly payment. Matching a long-lived asset to a long repayment term is exactly the duration match that makes debt safe. Financing a five-year machine on nine-month money is the mismatch that gets businesses into trouble.
| Time in business | 6+ months |
| Monthly revenue | $15k+ |
| Credit | 575+ |
| Down payment | 0–20% typical |
| Typical cost | ~8–30% APR |
| Speed to funding | 2–10 days |
These are typical floors, not offers. Lenders vary.
Answer four questions and see which funding options fit your business — and the criteria behind each one.