Equipment Financing
Purchase equipment with a flexible business line of credit.
What's your desired credit limit?
$26,000Weekly Payment Amount*:
$424.00 Apply NowWe’re currently accepting new customer applications. Applying will not impact your credit score.
Applying will not impact your credit score.1
*This business loan calculator assumes a monthly interest rate of 3.3% and a 2% draw fee. Your interest rate and credit limit may vary based on your application. No draw fee in CO, GA, IN, NJ and OK.
Equipment Loans for Small Businesses
Equipment financing is a type of small business loan that allows businesses to borrow money for equipment while using the equipment itself as collateral to secure the loan. It’s similar to how a car buyer can use the vehicle’s title as a guarantee that a car loan will be paid. The amount and terms of such an equipment loan depend largely on the value of the purchase and its expected lifespan. Payments are usually made monthly and a down payment is required, with 20 percent being a standard amount.
What Can Equipment Financing Be Used For?
Equipment financing can be used to purchase any number of goods. Common examples might include:
- IT equipment
- Commercial-use vehicles
- Machinery
- Furniture
- Equipment inventory
Leasing Equipment vs. Buying Equipment
While equipment financing has its advantages, an alternative to this is leasing the equipment. See how they compare.
Down Payment
If there is any, it will be for a smaller amount than a commercial loanDown Payment
Requires a down payment of typically 20%Equipment Ownership
Many leasing opportunities allow the option to return the equipment or purchase it after the end of the leaseEquipment Ownership
You own the equipment, therefore you can sell or keep it as neededPurchase Equipment With a Line of Credit
Headway Capital offers a flexible business lines of credit for any legitimate business needs — including buying equipment. Once approved, you can borrow as much as you need (up to your credit limit), as many times as you need to, without having to reapply. The repayment schedule is set by you when you draw on these funds, and you’ll only pay interest on what you borrow each time.
Up to
$100,000
Loan Type
Business line of credit
Weekly or monthly
Clear Cost
Clear payment terms, interest does not compound, no penalty for early payoff
Apply in minutes to see if you qualify, and put our funding to use on the equipment you need!
Apply Now1We always do a soft inquiry unless your credit file is restricted, in which case we would ask you to contact the credit bureau to lift the restriction. Doing so may result in a hard pull.