Equipment Financing
Equipment Financing Without Draining Your Cash Flow
What is Equipment Financing?
Equipment financing is a specialized business loan designed to help you purchase or lease the machinery, vehicles, technology, and equipment your business needs to operate and grow. Unlike traditional business loans, equipment financing uses the equipment itself as collateral, which often results in better rates and higher approval odds. These loans can finance up to 100% of the equipment cost, allowing you to preserve working capital for other business needs. Loan amounts typically range from $10,000 to $5 million or more, with repayment terms structured to match the useful life of the equipment, usually 1 to 10 years. Equipment financing works for virtually any business asset: construction machinery, manufacturing equipment, medical devices, restaurant equipment, commercial vehicles, technology and computers, office furniture, and more. Both new and used equipment qualify, giving you flexibility to acquire what your business needs at a price point that fits your budget.
Benefits of Equipment Financing
Preserve Cash Flow
Finance up to 100% of equipment cost instead of paying cash upfront. Keep working capital available for payroll, inventory, and operations.
Tax Advantages
Section 179 deduction allows you to deduct the full purchase price of financed equipment. Monthly payments may also be tax-deductible business expenses.
Easier Approval
Equipment serves as collateral, reducing lender risk. Often easier to qualify for than unsecured business loans, even with fair credit.
Flexible Terms
Repayment terms match equipment lifespan (1-10 years). Choose from fixed or variable rates, seasonal payment structures, and lease-to-own options.
Fast Funding
Quick approval process with funding in as little as 24-72 hours for qualified applicants. Get the equipment you need without lengthy delays.
Build Business Credit
On-time payments build your business credit profile, making it easier to qualify for additional financing in the future at better terms.
FAQs:
What credit score do I need to qualify?
Most programs start around a 600 credit score, but Rockvale Funding also offers flexible approvals for newer businesses or those rebuilding credit.
Can I finance used equipment?
Yes! You can finance both new and pre-owned equipment, as long as it’s in good working condition and purchased from a reputable vendor.
How long are the repayment terms?
Terms typically range from 12 to 120 months (1–10 years) depending on the equipment’s cost and your business’s needs.
Do I need to provide collateral?
No separate collateral is needed, the equipment itself serves as the collateral, making approvals faster and simpler.
Can I include delivery and installation costs?
Absolutely. Rockvale Funding can often finance “soft costs” like delivery, setup, warranties, and training, so you can start using your equipment right away.
How long does it take to get approved?
Most applicants receive approval within 24 to 48 hours, and funding can be released within just a few days.
What industries qualify for equipment financing?
From construction and healthcare to salons, auto shops, and grocery stores, if your business uses equipment to operate, we can help you finance it.
Do I need a down payment?
Many deals require no down payment with strong credit. Others require 10-20% down depending on credit profile and equipment type.
Can I pay off the loan early?
Most equipment loans allow early payoff, though some lenders charge prepayment penalties. We help you find lenders with flexible prepayment terms.
Can I finance equipment from any vendor?
Yes! You can purchase from any vendor, manufacturer, or dealer. Some lenders even finance private party sales with proper documentation.