LOAN GUIDE
Equipment financing
Financing equipment used in a business.
What to compare
Compare purchase financing with leasing, including residual value, maintenance responsibilities and any end-of-term purchase option.
Questions to ask
Match the term to the useful life of the equipment and review collateral and personal guarantee provisions.
Build a complete cost picture
List the amount received, repayment schedule, interest rate, fees and total amount repaid. Use the same amount and term when comparing offers. Check whether the rate can change and whether early repayment carries a charge. An estimate cannot establish approval or eligibility.
Use the Equipment loan calculatorResearch providers
Our directory contains sourced identities and locations. A listing alone does not establish that a provider offers this loan type. Confirm products and terms directly.
Banks · Credit unions · Mortgage lenders
Primary resources
CFPB consumer tools · Federal Student Aid · SBA loan programs · USDA farm loan programs