Small Business Equipment Loans
Get the equipment your business needs now with small business equipment loans. Move quickly with flexible funding that keeps your cash flow intact.
Apply NowWe're a Funding Partner
with a Proven Track Record
Since 2008, we've grown with the companies we support.
Use Cases
How Equipment Loans Can Be Used
Whether you’re facing an unexpected breakdown or planning a strategic upgrade, Fora Financial provides you with financing that fits the situation.
Learn Why Us-
Repairs
Cover unexpected repair costs quickly so you can restore operations, minimize downtime, and avoid disruptions that impact revenue.
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Upgrade
Invest in newer equipment to improve efficiency, maintain quality, and keep your business competitive as demands and technology evolve.
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Grow Assets
Finance equipment purchases when ownership makes sense, helping you preserve cash flow while building long-term value through assets your business depends on.
Do You Qualify for a Small Business Equipment Loan?
Review the requirements below to assess eligibility for our small business equipment loans. These are baseline criteria, but approval is also based on your overall revenue profile.
| Time in Business | 6+ Months |
|---|---|
| Business Annual Growth Revenue | $240K+ Annual Revenue |
| Business Checking Account | Yes |
| US Citizen/Based Company | Yes |
| FICO Score | 570+ |
| Other Financing | None |
| Bankruptcies | None open |
How Funding With Fora Financial Works
We keep the process simple and efficient:
- Submit a brief application online.
- A Capital Specialist reviews your revenue profile.
- Receive a clear funding offer with transparent terms.
- Funding is delivered shortly after approval.
No excessive paperwork. No unnecessary delays.
Case Studies
Powering a Second Location
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Funding Amount: $50,000
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Industry: Digital Advertising / Media
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Use of Funds: Equipment, Staffing
Expanding Sales
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Funding Amount: $250,000
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Industry: Retail - HVAC
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Use of Funds: Staffing
Scaling a National Franchise
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Funding Amount: $1,500,000
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Industry: Restaurant Franchise
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Use of Funds: Expansion
Fueling Expansion
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Funding Amount: $55,000
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Industry: Health & Wellness
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Use of Funds: Equipment, Expansion
Strategic Acquisition
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Funding Amount: $1,750,000
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Industry: Merchandising
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Use of Funds: Tuck-In Acquisition
Time-Sensitive Opportunity
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Funding Amount: $900,000
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Industry: Retail / Wholesale
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Use of Funds: Inventory
Bridging the Gap
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Funding Amount: $750,000
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Industry: Manufacturing Importer
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Use of Funds: Working Capital, Accounts Payable
Strategic Investment
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Funding Amount: $100,000
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Industry: Retail
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Use of Funds: Inventory
What Sets Us Apart from the Rest
Why Choose Our Small Business Equipment Loans
Equipment issues don’t wait, and neither should your financing. Whether you’re facing a breakdown or planning an upgrade, get approved in as little as 4 hours and funded in as soon as 24 hours of acceptance. Fora Financial offers flexible financing based on your business performance, so you can preserve working capital, move quickly, and keep your operations running without delays or unnecessary strain.
Small Business Equipment Loans FAQ
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You'll need excellent credit to get equipment financing. Applying through your local bank or an online financing company like Fora Financial can help you discover what kinds of business equipment loans you can qualify for.
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It depends on how much money you need and your qualifications. Businesses with good credit that have a good history are more likely to get equipment loans. It's important to find out what lenders are looking for before you apply for a loan.
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You can get equipment financing in some cases even with a poor credit score. If the equipment is something that they could repossess in the event of a default, they are more likely to offer financing. It's best to work on getting a good business credit score to help improve your options when you need equipment loans.
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Some equipment loans have interest rates almost as high as 10%. Businesses with poor credit are more likely to get higher interest rate loans than those with good credit. Some interest rates are as low as 2.8% and businesses with great credit and a good business history are more likely to get that rate.
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You can finance equipment from two to seven years. The lender will determine if the used equipment you want to purchase is eligible for a longer or shorter term loan.
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Yes, you can use the Section 179 tax deduction for equipment financing for your business. This write-off allows you to deduct the entire purchase price of the equipment you purchased in the qualifying year. A good accountant will ensure that all your expense are accounted for and deducted correctly.
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Typical business equipment financing terms range from 1 to 7 years, depending on the equipment’s type and expected lifespan. Interest rates and payment structures vary by lender, but terms are usually designed to align payments with the equipment’s useful life.
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An Equipment Finance Agreement (EFA) is an arrangement where you receive funds to purchase equipment and own it from the start. You make regular payments, and the lender holds a security interest in the equipment until it’s fully paid off. This setup may allow for predictable payments and potential tax benefits.
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Equipment financing loans help preserve cash flow by eliminating the need for a large upfront payment. With this type of funding, you can purchase the equipment outright, avoiding the constraints of leasing or making payments to the seller. Fora Financial offers equipment financing for small businesses with fast approvals, prepayment discounts, and funding up to the $1.5 million with no usage restrictions.
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Lenders like Fora Financial typically focus more on the equipment’s value and business performance than credit scores. Look for a business equipment funding company like Fora Financial that does no hard credit pulls; Fora Financial does one soft inquiry when you apply.
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Almost any business equipment can be financed, including machinery, vehicles, technology, and tools. Financing options vary based on the equipment’s type and purpose.
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Most industries are eligible for equipment financing, from healthcare and construction to retail and manufacturing.
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Fora Financial offers prepayment discounts. If you want to pay us back yearly, great!
Related Resources on Equipment Financing & Loans
View More Resources
Get Equipment Financing Today
Apply online in minutes and get an approval decision for your small business equipment loan in as little as 4 hours.