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Advantages of equipment financing:
While criteria are personalized, businesses generally require:
Here’s the thing. No matter what you do for a living, your business relies on the right tools. Industrial equipment financing, agriculture equipment financing, and even using an equipment financing calculator can help you understand what you can afford without draining your cash flow.
This kind of small business financing lets you secure the machinery or technology you need while keeping your day-to-day operations running smoothly.
Invest in essential equipment like:
Explore your options without impacting your credit score
Apply Online
Click “Get Started” to begin your application for a working capital loan.
Have essential documents ready, including bank statements and a government-issued ID, to speed up the approval process.
Your application will be reviewed and you could be approved in as fast as same day.
Once approved, the loan amount can be deposited directly into your business bank account so you can put it to work immediately.
Established Financial Ally
Chasewood Financials has empowered established businesses nationwide to realize their objectives by providing strategic access to capital. Our efficient processes and expert guidance are central to our strong reputation.
Senior-Level Partnership
Chasewood Financials officers are ready to help you evaluate your capital solutions, secure optimal terms, and determine if strategic funding aligns with your operational goals.
We provide solutions beyond standard equipment financing for startups, including specialized healthcare equipment financing for practices and fitness equipment financing for gyms and studios.
If you plan to keep the equipment long-term, an equipment loan may be a smart option. If cash flow is tight, equipment leasing can offer lower monthly remittances. Chasewood Financials helps you weigh both options based on your budget and how long you’ll use the equipment. We’ll help you choose the smartest path so you don’t overpay, overcommit, or lose momentum on growth.
It depends. Equipment loans can be easier to get than other types of business financing because the equipment acts as its own collateral, but financing providers often still want to see healthy business financial.
It’s possible, but it may take some extra planning. Equipment financing can be one of the more accessible options if you have poor credit because the equipment secures the loan. Financiers may also review your revenue, time in business, and equipment type to weigh risk. You might need to make a larger down payment or offer extra collateral.
Most equipment loan terms range from 1 to 5 years, but depending on the loan and the type of equipment, you could find terms as long as 7 years. At Chasewood Financials, we help you choose a financing structure that keeps remittances manageable, like a merchant cash advance, working capital loan, or business line of credit.
Yes, SBA 7(a) loans are commonly used for equipment purchases. These loans often come with competitive rates, longer repayment terms, and larger funding limits than standard equipment loans. That makes them a great fit for major equipment investments that fuel long-term growth.
To qualify for most equipment financing options, you’ll need a minimum credit score of 550, 6+ months in business, and documentation of your business’s financial health. At Chasewood Financials, we make the process simple. You apply online, and our team helps you understand what’s required
If you finance qualifying equipment, you may be able to deduct the full purchase price using Section 179 of the IRS tax code. This deduction helps reduce your taxable income for the year the equipment is purchased, even if you’re still making remittances.
Equipment financing lets you spread the cost of expensive tools, vehicles, or machinery over time. You can finance through a loan (you own the equipment outright) or a lease (you make smaller remittances, often with a buyout option). Either way, it’s a simple, strategic way to access what you need to grow without tying up capital.
For working capital loans or merchant cash advances used for purchasing equipment, factor rates can be as low as 1.11. For a small business line of credit, expect monthly interest rates between 3%–5%. Chasewood Financials works with multiple funding options to help you find the most cost-effective choice.
For working capital loans or merchant cash advances used for purchasing equipment, factor rates can be as low as 1.11. For aIn many cases, yes. Full financing is possible, especially if your business is established, your credit is solid, and the equipment has strong resale value. However, some financiers may require a down payment of up to 20%, depending on your risk profile.a small business line of credit, expect monthly interest rates between 3%–5%. Chasewood Financials works with multiple funding options to help you find the most cost-effective choice.
You can finance nearly any business-critical equipment, from heavy machinery and vehicles to computers, medical devices, and commercial kitchen gear. Whether it’s brand new or gently used, if the asset adds value and holds resale potential, it’s usually financeable.
With an equipment loan, you own the asset from day one and pay it off over time. This is ideal if you plan to keep it long-term. With a lease, you make lower monthly remittances without owning the equipment upfront, which is better for short-term or fast-depreciating items. At the end of a lease, you might return it, renew, or buy it outright.
Many equipment financing options can be approved in as fast as 24 to 48 hours. With Chasewood Financials, if you’re approved, you could get financing in just hours. Chasewood Financials speeds things up with a simple online application and hands-on guidance.
Yes, used and refurbished equipment is often eligible for financing, depending on its condition, age, and resale value. In fact, many businesses choose used equipment to lower upfront costs without sacrificing performance.
Equipment financing offers fixed terms, predictable remittances, and lower rates compared to credit cards, especially if you need to spread remittances over years instead of months. Credit cards work well for small purchases but can rack up high interest quickly and eat into your limit.
Equipment financing doesn’t usually cover repairs or replacements, but you’re still responsible for repaying the loan. That’s why it’s important to understand the asset’s condition, warranty, and expected lifespan before financing.
Not always. For many equipment loans or leases, especially smaller amounts, financiers may not require a formal business plan. Instead, they look at your time in business, credit history, and revenue. However, if you’re a startup or requesting a large amount, a plan can help strengthen your application.
It depends. Many financing options, like working capital loans, allow you to use the funds flexibly, whether that be for supporting cash flow or purchasing equipment. If you’re taking on multiple financing products, make sure to talk with your financing provider. Many financiers have rules around taking multiple financing obligations at once. They can help discuss some options.
No, equipment financing isn’t just for six-figure machinery or commercial vehicles. You can finance smaller-ticket items too, like office technology, computers, or point-of-sale systems. You don’t need to break the bank to get the tools you need; you just need a financing strategy that works
