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What is equipment financing?

Your success can heavily rely on having the right tools. Equipment financing is a financial option that allows you to acquire necessary machinery or tools needed for operations, without the immediate burden of payment upfront. By securing loans specifically for asset purchases, you can improve your operational capabilities while managing cash flow effectively.

Definition of Equipment Financing

Asset based financing provides an opportunity to obtain various types of assets, such as machinery, vehicles, and technology, with funding options tailored to your financial situation. This allows you to retain liquidity while enhancing your business operations.

Importance for Businesses

Besides ensuring you have the necessary tools to run efficiently, asset based financing helps you preserve capital. By leveraging financing options, you can invest in upgrades without depleting your working capital, which is necessary for day-to-day operations.

This strategy not only allows you to address unexpected equipment needs but can also improve your overall efficiency. With access to up to $150,000 in funding through AMP Advance, you can secure the asset based funding you need promptly, ensuring minimal disruption to your operations

Key Differences Between Financing and Leasing

Business equipment financing involves purchasing assets through a loan, which you will own outright after the payment period, whereas leasing allows you to use the collateral for a set term without ownership. Understanding these options is crucial when deciding the best path for your needs.

Consequently, financing might be ideal if you want to own the assets long-term and benefit from its full value over time. In contrast, leasing can be beneficial for short-term use or when you regularly upgrade assets, providing flexibility without the commitment of ownership. Evaluating these differences will empower you to make informed decisions that align with your goals.

Types of Business Equipment Loans

You have various options when it comes to financing equipment. Understanding these types can help you choose the best solution for your needs. Here are some common types of equipment financing:

Equipment Loans
Equipment Leases
Lines of Credit
Sale and Leaseback
Unsecured Business Loan

The right choice will depend on your specific financial situation and asset requirements.

Type of Financing	Description
Equipment Loans	Loans to purchase equipment with set repayment terms.
Equipment Leases	Leasing equipment with options to buy at the end.
Lines of Credit	Flexible funding that can be used as needed for equipment.
Sale and Leaseback	Sell your equipment and lease it back for continued use.
Unsecured Business Loan	Business loan without secured. collateral

Equipment Loans

Behind equipment loans lies the ability to finance new or pre-owned machinery. These loans allow you to own the asset outright once paid off, offering you long-term value. With flexible loan amounts, you can secure funding up to $150,000, ensuring your business never lacks the crucial tools it needs.

Equipment Leases

There are many benefits with leasing, which provide you with the opportunity to use the asset without the full upfront cost. Leasing typically requires lower initial payments and allows you to upgrade when new technology becomes available. This can be particularly valuable as your business needs evolve.

Considering leasing means you can easily adapt to changes in your industry. You retain access to the latest technology while conserving your capital for other important aspects of your business. With flexible terms, leases enable efficient cash flow management while still acquiring the equipment you need.

Lines of Credit

Business lines of credit can offer you the flexibility to finance asset purchases at your convenience. With the ability to withdraw funds up to an approved limit, you can manage expenses effectively without being locked into a specific loan repayment schedule.

For instance, lines of credit allow you to only pay interest on the funds you use, making them an economical choice for anyone that experiences fluctuating equipment requirements. This financing option provides a safety net, enabling you to address your equipment needs promptly while keeping your finances balanced.

Sale and Leaseback

Turn assets into collateral for working capital without losing access to it. A sale and leaseback lets business owners sell assets for immediate cash while leasing them back to maintain operations.

Get fast funding, improve cash flow, and keep your operation running smoothly.

Unsecured Business Loan

Unsecured business loans provide a flexible financing option for purchasing asset without requiring collateral. Whether you’re upgrading machinery, investing in new technology, or expanding operations, these loans offer quick access to capital with minimal risk to your assets. Get the tools you need without tying up valuable resources!

How to Apply for business equipment loans

Apply Online

Start by filling out an online application with your business details and loan needs.

Review

Once approved, review the available loan options and choose the best one for your business.

Get Funded

Once approved, receive the loan funds to help your business grow and succeed.

Apply Now

Small Business Equipment Financing Tailored to Your Business

Whether you’re upgrading high-tech machinery or buying the latest coffee maker for your café, there’s a loan designed to fit your business needs.

Gas Stations

Upgrade fuel pumps, install modern payment systems, or enhance fuel storage, boosting efficiency and customer satisfaction.

Auto Repair

Purchase new tools, diagnostic tools, lifts, and tire changers to streamline operations and expand service capabilities.

Dental Practice

Invest in advanced X-ray machines, dental chairs, and sterilization tools, improving patient care and operational efficiency.

Construction Companies

Acquire heavy machinery, trucks, and power tools, ensuring timely and budget-friendly project completion.

Salon

Finance styling chairs, hairdryers, and shampoo stations, helping them deliver high-quality services with modern amenities.

Medical Practice

Purchase diagnostic tools, imaging devices, and exam tables, ensuring top-tier patient care and efficient practice management.

Daycare

Invest in educational tools, playgrounds, and safety features, creating a secure and enriching environment for children.

Retail Business

Finance point-of-sale systems, display units, and refrigeration, improving inventory management and enhancing the customer shopping experience.

Grocery Store

Upgrade refrigeration units, checkout systems, and shelving, maintaining product quality and optimizing customer service.

I appreciate the communication and knowledge the AMP team shared with me. I got the funding I needed in time and was able to pick up a big project I really wanted!

Matthew L.

It is an excellent company, the process to get funded was very easy and fast, and the customer service was very good 👍

Sebastián V.

Great customer service. Everyone was very friendly but still professional. They went the extra mile to help me get funding. They are awesome!

Stephanie D.

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Benefits of Equipment Financing

Preserves Cash Flow

Spread out payments over time instead of making a large upfront investment.

Tax Benefits

Equipment financing may offer tax deductions under Section 179.

Access to the Latest Equipment

Upgrade outdated machinery without draining capital.

Flexible Payment Terms

Financing up to 72 months, tailored to your cash flow.

Qualifying for equipment loans Is Easy!

MINIMUM $100K ANNUAL REVENUE
U.S. BASED BUSINESS
BUSINESS BANK ACCOUNT
MINIMUM 6 MONTHS IN BUSINESS

YOU GOT QUESTIONS? WE HAVE ANSWERS!

Can I get equipment financing with zero or low down payment?

Yes! We offer zero or low down payment equipment financing, allowing businesses to acquire essential equipment without a large upfront cost.

Eligibility depends on factors like credit history, time in business, and revenue.

What types of equipment can be financed?

Almost any business-related equipment can be financed, including machinery, vehicles, medical devices, construction tools, and even office furniture.

How long are equipment financing terms?

Loan terms typically range from 12 to 72 months, depending on the lender, equipment type, and business qualifications.

Is it better to lease or finance equipment?

Leasing offers lower upfront costs and flexibility, while financing allows you to own the equipment outright. The best option depends on your business needs and long-term goals.

How much does equipment financing cost?

For well qualified applicants rates start at 8.99%

What are the pros and cons of equipment financing?

Equipment financing is a game-changer for businesses looking to scale without draining their cash reserves.

Instead of shelling out a lump sum, you can upgrade your operations with new equipment while paying over time—and in most cases, the equipment itself serves as the only collateral.

Whether it’s machinery, vehicles, or tech, financing allows you to expand your capabilities and potentially boost revenue.

But, of course, there’s a catch. Unlike traditional business loans or lines of credit, **equipment financing is strictly for equipment purchases**—and while some soft costs like taxes and delivery fees may be covered, you won’t have the flexibility to use funds for other business needs. Plus, technology and machinery don’t last forever, meaning you might need to replace outdated assets sooner than expected.

Pros of Equipment Financing

✔️ Scale without major upfront costs
✔️ Spread out expenses to preserve cash flow
✔️ No additional collateral required
✔️ Potential tax benefits under Section 179

Cons of Equipment Financing

❌ Funds can only be used for equipment
❌ Equipment may become obsolete and require upgrades

If your goal is to invest in business growth while keeping finances manageable, equipment financing can be a smart move—just be sure it aligns with your long-term strategy.