Business equipment loans help companies acquire the machinery, technology, vehicles and other equipment they need without paying the entire purchase price upfront. Instead of tying up working capital in one large purchase, businesses can finance equipment over time while putting the equipment to work right away.
Whether you’re replacing aging machinery, expanding production, opening another location or launching a new business, the right equipment financing structure should support your cash flow and fit the way your business operates.
At Centra Funding, we provide equipment financing from $10,000 to $10 million for new and established businesses nationwide.
What Types of Business Equipment Can Be Financed?
Equipment financing can support businesses across a wide variety of industries and equipment types.
- Construction and heavy equipment
- Manufacturing machinery
- Restaurant and foodservice equipment
- Commercial vehicles
- Medical and healthcare equipment
- Printing and fabrication equipment
- Technology and computer systems
- Warehouse and material handling equipment
- Automotive service equipment
- Agricultural equipment
- Franchise equipment
- Specialty business equipment
Financing availability ultimately depends on the equipment, borrower and overall transaction.
Can Startups Get Equipment Financing?
Yes. New businesses may be able to qualify for startup equipment financing, although startup transactions are generally evaluated differently from financing for established companies.
Because a startup does not have years of operating history for a lender to review, underwriting may place greater emphasis on other aspects of the transaction.
Need Equipment Without Tying Up Your Cash?
Equipment financing can help companies acquire needed assets while keeping more working capital available for operations and growth. Learn more about how equipment financing can help preserve business cash flow.
Explore Equipment Financing Options
Business Equipment Financing vs. Paying Cash
If your business has enough cash available to purchase equipment outright, paying cash may seem like the simplest option. But using a large amount of working capital for equipment can create other trade-offs.
Financing allows a business to spread the equipment investment over time while keeping more cash available for other operating and growth priorities. For a deeper look at this decision, read our guide on equipment financing and cash flow.
Equipment Loan vs. Equipment Lease
Equipment loans and equipment leases can both allow businesses to acquire equipment without paying the full cost upfront, but the structures are different.
With equipment financing structured as a loan or finance agreement, the goal is generally to finance the purchase of the equipment over time. Leasing may involve different ownership arrangements, payment structures and end-of-term options.
For a more detailed comparison, read Equipment Leasing vs. Equipment Financing: What’s the Difference?
Equipment Financing and Section 179
Depending on the equipment and your tax situation, qualifying purchases may also be eligible for potential tax deductions under Section 179.
Financing qualifying equipment does not necessarily prevent a business from claiming an eligible Section 179 deduction. Eligibility, deduction amounts and tax treatment depend on the business and transaction, so businesses should consult a qualified tax professional.
Estimate Your Equipment Financing Payment
Before applying, it can be helpful to understand how the amount financed and repayment term could affect your estimated payment.
Use Centra Funding’s equipment financing calculator to explore estimated payments, or read our guide on how to calculate equipment financing payments.
Get the Equipment Your Business Needs
From $10,000 to $10 million, Centra Funding provides equipment financing solutions for new and established businesses nationwide.
Whether you’re purchasing your first piece of equipment, replacing an aging asset or financing the next phase of your company’s growth, we’re here to help you explore your options.
