# Equipment Financing

> Buy or lease the equipment you need now — the equipment itself secures the financing.

## Key takeaways
- Equipment financing covers $5K to $2M for new or used machinery, vehicles, technology, and other business equipment.
- The equipment itself serves as collateral, so approvals are faster and credit requirements are more flexible than unsecured loans — often with up to 100% financing and little down.
- Financing builds ownership and equity, while leasing keeps payments lower and makes upgrades easier.
- Funding typically arrives in 1–3 days, and startups can be considered with strong credit.

Equipment financing lets you acquire the machinery, vehicles, or technology your business needs **without paying the full cost upfront**. Because the equipment itself serves as collateral, approvals are faster and credit requirements are more flexible than unsecured loans.

## Finance vs. lease

- **Equipment loan** — you own the equipment outright once it's paid off; build equity.
- **Equipment lease** — lower payments and easy upgrades; ideal for tech that ages quickly.

## Best for

Any business making a capital purchase: trucking and construction, restaurants, medical and dental practices, manufacturing, salons, and more. If the purchase is a physical asset, equipment financing is almost always cheaper than a general-purpose loan.

---
Canonical: https://hoss-capital.pages.dev/products/equipment-financing/