Equipment Financing

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Helping 3,000+ Businesses Grow with Trusted Capital Solutions

What Are the Requirements to Qualify for
Equipment Financing?

1+ Year in Business

$500,000+ in Annual Revenue

700+ FICO Score

What is a equipment financing?

No matter your industry, we can help you secure the best deal on business equipment financing for nearly every type of equipment. We work with businesses across a wide range of sectors, including medical, software, manufacturing, retail, food services, automotive, and more.

Whether you need financing to grow your business, introduce new products or services, or gain a competitive edge, we’ve got you covered. Our streamlined process ensures you can secure the capital you need in as little as 24 hours. Our Business Financing Advisors are here to provide all the information you need and answer any questions you may have.

All of our equipment financing options are fully customizable to meet your unique business needs.

What Are the Requirements to Qualify?

Complete our quick and hassle-free application process in just minutes! Upload your business documents securely with zero risk and enjoy peace of mind knowing your information is safe.

Our streamlined system ensures a smooth experience, so you can focus on what matters most—growing your business.

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Easily compare your offers with personalized guidance from our expert team. We’ll work closely with you to analyze each option, considering your unique needs and goals. With our support, you can confidently select the best offer tailored to your specific circumstances.

Whether you’re looking for flexibility, savings, or long-term benefits, we’re here to ensure you make the most informed and strategic decision for your success.

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With your funds in hand, you’ll be empowered to seize new opportunities, overcome challenges, and drive your goals forward with confidence. Whether it’s expanding your business, investing in growth, or managing unexpected hurdles, you’ll have the financial freedom to take charge of your future.

No matter the obstacles, you can confidently make strategic decisions, unlock your full potential, and turn your aspirations into reality. Your success begins with the right financial support, and we’re here to help you every step of the way.

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Access the Lowest Rates, Longest Terms, and Highest
Funding Amounts to meet your goals with ease.

Funding Amount

Secure the Highest Funding Amounts to fuel your growth and achieve your ambitions effortlessly.

Repayment

Enjoy flexible repayment options tailored to fit your budget and timeline, making it easier to stay on track while achieving your goals.

Time to Fund

Get funded fast! Enjoy a quick and efficient process, with funding delivered in as little as 24 to 48 hours.

Resources & Frequently Asked Questions

Getting business equipment financing is generally easier than securing other types of loans. To qualify, you’ll typically need a FICO score of at least 650, a minimum of 1 year in business, and at least $500,000 in annual revenue.

What makes it easier is that the equipment you’re purchasing serves as collateral, providing the lender with added security and increasing your chances of approval.

Compared to traditional banks, National offers equipment financing options that are more accessible for businesses of all types. The application process is quick and simple—just upload your documents to the online portal in a few clicks. In fact, you can complete the application in about a minute, and funding can be available in as little as 3 days or less.

You can typically finance used equipment for a term ranging from 1 to 5 years. For less expensive equipment, shorter-term loans may be an option.

The length of your financing term will impact both your monthly payments and the total cost of the loan. Longer-term loans offer lower monthly payments but can end up being more expensive overall due to higher interest costs. On the other hand, shorter-term loans have higher monthly payments but allow you to pay off the loan quicker, saving on interest.

Many businesses choose a repayment term based on the monthly payment they can comfortably afford. To find the best option for your business, consult with one of our Business Financing Advisors for personalized advice.

Yes, it is possible to secure startup equipment financing even with bad credit. To qualify, you’ll need at least 6 months of business history and $500,000 in annual revenue, which can help you bypass the traditional credit score requirements.

National is more flexible compared to banks and traditional financing options, especially when it comes to startups. While a FICO score of 650 is typically required, if your credit score is lower, there may still be financing solutions tailored to your needs. National works to bridge the gap where other lenders fall short, making it easier for businesses to get the equipment they need to grow.

Choosing the right equipment financing loan depends on understanding your business’s needs, the lender’s eligibility requirements, and the total cost of the loan. Here are the key factors to consider:

1. Assess Your Business Needs

Before opting for an equipment financing loan, consider why the equipment is needed and how it will impact your business. Will it increase efficiency, improve productivity, or help grow your bottom line?

Choosing the right equipment financing loan should align with your business goals. In some cases, leasing or other financing options may be more appropriate. It’s important to evaluate whether purchasing new equipment is the best decision for your business.

2. Understand Eligibility Requirements

Each lender has its own eligibility criteria, so it’s important to know whether you meet the qualifications for a competitive rate. Common factors lenders look at include your business history, credit score, annual revenue, and the value of the equipment you’re financing.

3. Evaluate the Cost

The cost of an equipment loan typically includes interest rates, which can range from 2% to 20%. In addition to interest, be aware of potential application fees and origination fees, which can add to the overall cost of financing. On average, business owners may face origination fees of around 3% of the loan amount, but this can vary.

Most equipment financing options also require a down payment, usually around 15% to 20% of the equipment price, though some lenders may waive this requirement.

By carefully considering these factors, you can select the equipment financing loan that best fits your business’s needs and financial situation.

The typical range of interest rates on equipment loans is between 7% and 50%, depending on factors such as the lender, your business’s financial health, and current economic conditions. Equipment financing rates are often similar to those of secured loans, as the equipment itself serves as collateral for the loan. The better your business’s financial standing, the more likely you are to secure a loan at the lower end of the interest rate range.

Effortless Application Process

Apply Online Now

Our simple and straightforward application process takes just seconds to complete, giving you instant pre-approval.

Review Your Options

Your dedicated loan advisor will guide you through the available financing options tailored to your business needs.

Receive Your Funds Quickly

Complete the online application process and get your funds in as little as 24 hours.

Ready to growth your business?

Grow your business with fast funding, flexible solutions, and expert support tailored to help you achieve your goals quickly and effectively.