What equipment financing covers
Equipment financing is tied to a specific piece of equipment, often with the equipment itself connected to the agreement. Owners use it for things like:
- A commercial oven line or walk-in cooler
- A CNC router or laser cutter
- Box trucks or service vans for local routes
- Diagnostic and imaging systems for a clinic
- Skid steers and compact excavators for commercial site work
Why owners finance instead of paying cash
Paying cash for a $120,000 machine can leave the business thin right when that machine starts generating new work. Financing spreads the cost across the period you use it. The cash you keep stays available for payroll, materials, and the surprises that come with growth.
For illustration only: a sign shop doing $85,000 a month adds a wide-format printer and takes on vehicle wrap jobs it used to turn away. The new revenue starts while the payments are still spread out. This is an example, not a promise of results or terms.
New, used, or replacing a failed unit
Planned purchases and replacements are both common. If equipment has failed and you need to replace it quickly, our emergency repair funding page covers how to approach the request when timing matters. If you are not tied to one asset, working capital may give more flexibility.
A revenue-first review
This program is built for established businesses doing $60K or more a month whose credit is not perfect. FICO 500 and up is considered. Merchant Fund Express reviews about three months of business bank statements. No tax returns are required, and the 5-minute application starts with a soft credit pull. Sole proprietors can apply.
Before you apply
- Get a quote or invoice from the vendor.
- Know whether the equipment is new or used and its approximate age.
- Have your last three months of business statements ready.
- Think through how the equipment adds revenue or saves cost.
Requests from $25,000 to $5,000,000 are considered, with funding in as little as 24 hours for qualified businesses. Apply now.
Frequently asked questions
Can I finance used equipment?
Used equipment requests are common. Share the vendor details, age, and condition when you apply so the file can be reviewed accurately.
Do I need a down payment?
Requirements depend on the file and the equipment. Merchant Fund Express will present terms before you accept anything.
What about trucks for long-haul routes?
This program focuses on local and regional fleets. Long-haul trucking is not something we can promise funding for.
Who provides the financing?
Funding is provided through our partner Merchant Fund Express, not by Eagle Credit Repair.
Can I bundle installation or training costs?
Ask about it when you apply. If the extra costs are significant, pairing equipment financing with working capital is another approach to consider.
How do I know if financing makes sense for this purchase?
Start with the math on the equipment itself. If the machine lets you take on work you currently turn away, or cuts hours you pay for every week, financing lets that benefit begin before the full cost is covered. If the purchase is a nice-to-have with no clear return, it may be worth waiting.