Ready to Upgrade? Get the Equipment Financing You Need!

Q: Are there business loans without collateral?

Yes — such loans are known as unsecured business loans , and they allow you to access funding without pledging assets like property or equipment as security. However, because they pose greater risk for lenders, they often come with higher interest rates, require stricter credit criteria, or may involve a personal guarantee or blanket lien instead

Q: Can I get equipment financing for used equipment?

Yes, terms may vary for financing used equipment based on the equipment's age, condition, and resale value, but it's a common option—especially for industries like construction, trucking, or manufacturing looking to save on costs.

What is Equipment Financing?

Equipment financing helps small and mid-sized businesses get the tools, machinery, or vehicles they need without large upfront costs. It lets you upgrade, replace, or expand while keeping your cash flow strong.

At AMP Advance, we make equipment financing simple—with fast approvals, clear terms, and funding in as little as 24–48 hours.

Key Highlights:

Get the equipment financing you need—with little to no large upfront payments.
Use your new equipment as collateral and keep your cash flow strong.
Finance almost anything from machinery to tech or vehicles—with fast, flexible options.

Unlock Liquidity, Efficiency, and Tax Benefits Through Equipment Financing

Equipment financing helps your business stay liquid while upgrading essential tools, vehicles, or technology. Instead of draining your savings, you keep capital free for payroll, marketing, or growth. Plus, you can unlock potential tax deductions on financed assets.

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.

With equipment financing, your business can upgrade or replace tools without tying up cash reserves. It helps you stay productive, manage cash flow, and cover unexpected equipment costs, all while keeping your business running smoothly.

Through AMP Advance, you can access up to $5,000,000 in equipment funding—approved fast, so your operations never slow down.

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. Is equipment leasing vs financing better for you? Read more on equipment leasing in our blog.

Use our Equipment Loan & Lease Calculator to estimate payments, compare financing options, and find the best terms for your business equipment needs.

Types of Business Equipment Loans

You have several ways to fund new tools, vehicles, or machinery. Understanding these equipment financing options helps you choose what fits your business best:

Equipment Loans: Own your assets after repayment.
Equipment Leases: Lower payments and flexible terms.
Line of Credit: Access funds when you need them.
Sale & Leaseback: Unlock cash from existing equipment.
Merchant Cash Advance: Quick funding for urgent needs.
SBA Equipment Financing: Low rates, longer terms.

The right equipment financing solution depends on your business goals, cash flow, and the type of assets you need to acquire.
Our team at AMP Advance can help you compare these options and find the best fit for your company.

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.
Merchant Cash Advance	Fast funding based on revenue.
SBA Equipment Financing	Government-backed loans with low interest rates and longer terms

Equipment Loans

Equipment loans let you buy new or pre-owned machinery while keeping your cash flow strong. You’ll own the equipment outright once it’s paid off, building long-term value for your business.
With loan amounts up to $5,000,000, AMP Advance makes it easy to get the equipment financing you need fast, with flexible terms that fit your budget.

💡 Pro Tip: Many equipment financing purchases qualify for a section 179 vehicle tax deduction allowing you to write off the full cost of eligible equipment and lower your taxable income.

Equipment leasing

Lets your business use the tools or machinery it needs without large upfront costs. With lower monthly payments and flexible terms, leasing helps you preserve cash flow while keeping access to the latest technology.

As your business grows, equipment leases make it easy to upgrade or replace outdated assets, so you can stay competitive and efficient without tying up capital.

💡 Pro Tip: Equipment Leasing can be a smart equipment financing option if your business upgrades equipment often or works with rapidly changing technology.

Lines of Credit

A business line of credit gives you flexible access to funds for equipment financing whenever you need it. You can withdraw up to your approved limit and only pay interest on what you use, helping you manage cash flow efficiently.

This option is perfect for businesses with seasonal or changing equipment needs, giving you a financial safety net to handle upgrades or repairs quickly, without committing to a fixed loan.

💡 Pro Tip: A business line of credit is ideal when your equipment costs vary month to month and you need fast, ongoing access to capital.

Want flexible access to capital? A Business Line of Credit might suit fluctuating equipment needs

Sale and Leaseback

A sale and leaseback allows you to unlock the cash tied up in your existing equipment while continuing to use it for daily operations. You sell your assets for immediate working capital, then lease them back with flexible terms.

This equipment financing option helps you improve cash flow, access fast funding, and keep your business running without interruption.

💡 Pro Tip: Use a sale and leaseback when you need quick capital for growth but don’t want to lose access to critical equipment.

Merchant Cash Advance

A Merchant Cash Advance (MCA) lets your business turn future sales into fast working capital, perfect for equipment financing when you need to buy or replace assets quickly. Unlike traditional loans, repayment is flexible and based on your daily sales, making it ideal for businesses with variable income or less-than-perfect credit.

With quick approvals and easy access to funds, MCAs are one of the fastest ways to finance equipment and keep your business moving forward.

💡 Pro Tip: Consider an MCA when timing is critical and you need fast, no-collateral funding for essential equipment.

Learn more about how a merchant cash advance can help you purchase equipment without delay.

SBA Equipment Financing

SBA equipment financing offers small businesses low-interest, long-term funding to purchase essential assets like machinery, vehicles, or technology. Backed by the U.S. Small Business Administration (SBA), these loans provide flexible repayment terms—up to 25 years—making them a smart way to manage cash flow while investing in growth.

💡 Pro Tip: SBA loans take a bit longer to process, but they’re worth it if you’re seeking affordable equipment financing with the lowest possible rates.

Apply for SBA Equipment Financing Today — See How Much You Qualify For.

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.

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.

What our clients say about us

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FAQ: EQUIPMENT FINANCING

What are the requirements for an equipment loan?

Applicants for an equipment financing are the below:

6mo in business
Business bank account
US based business
$250K annual revenue

*Down payment considerations are based on risk profile and asset to be financed.

Are there business loans without collateral?

Yes — such loans are known as unsecured business loans, and they allow you to access funding without pledging assets like property or equipment as security. However, because they pose greater risk for lenders, they often come with higher interest rates, require stricter credit criteria, or may involve a personal guarantee or blanket lien instead

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.

Learn more about leasing vs financing on our blog HERE

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.

Can I get equipment financing for used equipment?

Yes, terms may vary for financing used equipment based on the equipment’s age, condition, and resale value, but it’s a common option—especially for industries like construction, trucking, or manufacturing looking to save on costs.

Can I get equipment loan for startup business?

Yes, startups can get equipment loans, but strong credit of 700+ FICO, industry experience & down payment may be required.

If your startup needs gear but lacks upfront capital, explore our guide on equipment loans for startup businesses to learn how to get funded—even before you turn a profit.

Can I finance equipment with bad credit?

You can explore step-by-step strategies, loan options, and tips to boost approval odds in our full guide on How to Finance Equipment With Bad Credit Today.