Fraud Blocker
top of page

Equipment Financing

Lendtek Logo v3 (transparent)_edited.png
Custom dimensions 1000x1000 px (5).png

What is Equipment Financing?

Equipment financing is a loan or lease specifically for purchasing business equipment like machinery or vehicles. The equipment itself usually acts as collateral for the loan. This option lets businesses acquire necessary tools without upfront full payment, helping maintain cash flow. Plus, the interest paid is often tax-deductible.

Minimum requirements for equipment financing

To qualify for equipment financing, you typically need a solid business credit history, a reasonable debt-to-income ratio, and a business plan that convincingly shows the equipment will generate sufficient income to cover repayments.

Lendtek Icons 6.png

Annual Revenue


Lendtek Icons 15.png

Credit Score


Lendtek Icons 12.png

Time in Business

11 month minimum

What Documents Are Needed To Apply?

  • Drivers License

  • Voided Business Check

  • Bank Statements 

  • Balance Sheet

  • Profit and Loss Statements

  • Business Tax Return

  • Personal Tax Return

  • Business Plan

  • Business Debt Schedule

Get loan options from multiple lenders

Talk to a business loans specialist at:

(855) 536-3835

Lendtek Logo v3 (transparent)_edited.png
Screenshot 2023-05-30 at 1.09_edited.png

Apply for a term loan in as little as 10 minutes.

1. Complete your application

Answer a few question about your business and your personal loan preferences so we can match you to the lender offering the best rates and terms for your needs.

2. Speak to our underwriter

Meet your personal underwriter here to ensure we have all the documents and information we need to ensure we get you the best options for your business in the shortest amount of time.

3. Review your loan options

Check out the loan options available for your business, choose the one that makes the most sense for you at this time

4. Receive funds

Once you decide what works best, we'll have the capital in your account in less than 24 hours

Benefits of accounts receivable financing

  • Cash Flow Preservation: Equipment financing lets businesses acquire necessary tools without high upfront costs, preserving their working capital for other operational expenses.

  • Tax Advantages: The interest paid on equipment loans is often tax-deductible, potentially reducing the overall financial burden on the business.

  • Updated Equipment Access: This financing method allows businesses to keep their operations current by affording up-to-date, often costly equipment, ensuring they remain competitive.

Lendtek Logo v3 (transparent)_edited.png
Custom dimensions 1000x1000 px (2).png

Why Use Lendtek for equipment financing?

Lendtek Icons 6.png

$100M Funded to Small Businesses Throughout the US

Lendtek Icons 15.png

75+ Lenders in our marketplace

Lendtek Icons 12.png

5000+ Loans Funded over 9 years

bottom of page