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Small Business Equipment Financing at a Glance
Asset-Backed
The equipment itself serves as collateral. No additional assets required.
$5,000–$1,000,000
Available financing amount based on your equipment and business profile.
6–48 Months
Fixed repayment schedule matched to the useful life of your equipment.
How Equipment Financing Works
Equipment financing is a loan specifically structured for the purchase of physical business assets — machinery, vehicles, medical devices, industrial tools, technology hardware, and more. The equipment you purchase serves as collateral for the loan, which means you are not required to pledge other business or personal assets to qualify. You receive the full purchase amount upfront, take ownership of the equipment immediately, and repay the loan on a fixed schedule over a term matched to the equipment’s useful life.
Here’s what that looks like in practice: you run a mid-size manufacturing operation and a CNC machine that accounts for a significant share of your output is failing. Repair costs are approaching the value of the machine itself. A replacement runs $85,000. Pulling that amount from your operating account would wipe out the working capital you use to purchase raw materials and cover payroll between orders. Equipment financing solves this cleanly: the machine is purchased, you keep your working capital intact, and the fixed monthly payment fits predictably into your cost structure for the next three to five years.
SBG Funding provides equipment financing from $5,000 to $1,000,000, with repayment terms from 2 to 5 years. Approval is based on the value of the equipment being purchased, your revenue history, and your business profile. Unlike a business term loan or business line of credit, equipment financing does not require you to pledge additional collateral — the asset itself secures the loan. Most applications are reviewed the same business day they are submitted, with funds available in as little as 24 hours.
SBG Funding does not perform a hard credit pull during the application process. Your credit score is not affected by applying. We evaluate more than 50 factors — including your revenue history, deposit patterns, and the value of the equipment — rather than relying primarily on credit score.
Why Businesses Choose SBG Funding Over a Bank
Bank equipment loans exist — but the approval timeline and documentation requirements rarely match the pace at which equipment decisions need to be made.
SBG Funding
Traditional Bank
When Equipment Financing Is the Right Choice
Equipment financing is the right tool when you need a physical asset and want to preserve your working capital.
You’re Purchasing or Replacing a Major Asset
A new piece of machinery, a replacement vehicle, a medical device, or a technology system — any equipment purchase with a defined cost and a multi-year useful life is a strong candidate for equipment financing. The asset secures the loan, which means you are not drawing down your operating capital or pledging other business assets. The equipment generates the revenue that repays the loan.
You’re Expanding Capacity Without Touching Working Capital
Adding equipment to increase throughput, take on larger contracts, or serve more clients requires capital — but it should not come at the expense of the cash you need to run current operations. Equipment financing keeps your business line of credit and operating account intact while the new asset comes online and starts generating return.
You Want Predictable Payments Tied to the Asset
Equipment financing structures your repayment around the useful life of the asset — typically 2 to 5 years — with fixed weekly or monthly payments. This makes cost planning straightforward: you know exactly what the equipment costs per month for the life of the loan, which aligns your financing cost directly with the revenue the equipment produces.
What Businesses Use Equipment Financing For
If your business runs on physical assets, equipment financing is one of the most efficient ways to acquire them.
Manufacturing and Production Equipment
Machinery, vehicles, technology, and tools that expand your capacity or replace aging assets. A term loan funds the purchase upfront with repayment spread over a term that reflects the equipment’s useful life.
Commercial Vehicles and Fleets
New locations, renovations, additional space — growth investments that require capital before they generate revenue. A term loan covers the full cost upfront with a fixed repayment schedule you can plan around.
Medical and Diagnostic Equipment
Adding staff ahead of a new contract or busy season requires payroll investment before the new revenue materializes. A term loan bridges the gap between hiring and the revenue that hiring makes possible.
Construction and Heavy Equipment
Bulk purchasing opportunities — seasonal stock, supplier discounts, pre-season buys — often require a lump-sum payment before the goods have sold. A term loan funds the order upfront with repayment structured around your selling cycle.
Restaurant and Food Service Equipment
Replacing variable or high-cost debt — merchant cash advances, credit card balances, multiple small loans — with a single fixed-payment term loan simplifies cash flow and often reduces total repayment cost.
Technology and Specialty Equipment
Buying out a partner, acquiring a competitor, or funding a new market entry — high-leverage moves that require defined capital. A term loan provides the lump sum to execute without disrupting your existing operations.
All You Need to Qualify
$250K+
annual revenue
500+
min. FICO score
6+
months in business
4
bank statements
No hard credit pull. No upfront fees.
SBG Funding evaluates more than 50 factors when making lending decisions, including the value of the equipment being financed, your revenue history, and your time in business. Businesses with strong cash flow may qualify for equipment financing even with an imperfect credit score.
What Business Owners Are Saying
Real businesses. Real results.
★★★★★
“Cole at SBG Funding went the extra mile to get me the funding I needed for my business to take on the growth it needed. It would’ve been really challenging to take on the larger projects without hiring new help and getting the proper tools and equipment. Really impressed and really appreciative of his determination and professionalism.”
Oscar M. from California
via Trustpilot
★★★★★
“Had a great experience with SBG Funding. They were able to secure a positive outcome for my company and it was done quickly. They walked me through the procedure and made everything clear and easy to understand. No beating around the bush, no lengthy back and forth correspondence. Straight to the point. I recommend their service absolutely!”
Gary L. from New York
via Better Business Bureau
Just 3 Steps to Get Funded
01
Apply Online
Complete our quick online application in about 5 minutes. Basic information about your business and financing needs — no lengthy paperwork to get started.
02
Get Your Options
Our team reviews your application and presents loan options matched to your business profile. We look at revenue, deposit history, and time in business — not just your credit score.
03
Receive Your Funds
Once approved and documents are signed, funds can be in your business bank account in as little as 24 hours.
Frequently Asked Questions
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Can I get equipment financing with bad credit?
SBG Funding requires a minimum FICO score of 500. Because the equipment itself serves as collateral, equipment financing is often more accessible than unsecured business loans for businesses with imperfect credit. Strong revenue, consistent deposits, and a sound equipment purchase can all support your application even if your credit score is below 620.
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How quickly can I get funded?
After approval and document submission, funds can be available in as little as 24 hours. The online application takes about 5 minutes, and most applicants receive a decision the same business day.
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What serves as collateral for equipment financing?
The equipment you are purchasing serves as collateral for the loan — which is standard practice across the equipment financing industry. You are not required to pledge real estate, other business assets, or personal property. If you default on the loan, the lender’s recourse is the equipment itself.
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What types of equipment can I finance?
SBG Funding’s equipment financing covers a wide range of business assets — including manufacturing and production machinery, commercial vehicles and fleets, medical and diagnostic equipment, construction and heavy equipment, restaurant and food service equipment, technology and point-of-sale systems, and most other physical business assets with a defined purchase price and a useful life measured in years. Both new and used equipment are eligible.
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What repayment terms are available for equipment financing?
SBG Funding offers equipment financing terms from 2 to 5 years, with fixed weekly or monthly payment options. Your specific term is based on the type of equipment, its purchase price, and your business profile. Longer terms are typically available for larger, longer-lived assets like heavy machinery and commercial vehicles.
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Can I finance used equipment?
Yes. SBG Funding’s equipment financing is available for both new and used equipment purchases. The age and condition of the equipment may affect the loan amount and term — used equipment with a shorter remaining useful life may qualify for a shorter repayment term. Contact your funding specialist to discuss your specific purchase.
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Is there a difference between equipment financing and equipment leasing?
Yes. With equipment financing, you own the equipment outright at the end of the loan term — the asset is yours from day one, and the loan is secured by it. With equipment leasing, you make payments for the right to use the equipment but do not own it at the end of the term (though some leases include a buyout option). Equipment financing is generally preferred when you plan to use the asset long-term and want to build equity in it.
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Can I finance equipment if my business is in a specialized industry?
Yes. SBG Funding works with businesses across a wide range of industries — including healthcare, construction, manufacturing, automotive services, food service, beauty and wellness, veterinary practices, and more. Equipment financing is available for industry-specific assets as long as they have a defined purchase price and a useful life that supports the repayment term.
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How is equipment financing different from a business term loan?
Both products provide a lump sum upfront with fixed repayment — but there are two key differences. First, equipment financing uses the asset as collateral, which means no additional collateral is required and approval criteria are often more flexible. Second, equipment financing terms (2–5 years) are typically structured around the useful life of the equipment, while a business term loan (6–48 months) is more flexible in purpose and not tied to a specific asset.
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How is SBG Funding different from a bank?
The primary differences are speed, flexibility, and qualification criteria. Banks typically require 2–8 weeks for approval, collateral, a hard credit pull, and often a FICO score above 680. SBG Funding makes same-day decisions, requires no collateral, performs no hard credit inquiry, and accepts FICO scores of 500+. We evaluate more than 50 factors — including your revenue history and deposit patterns — rather than relying primarily on credit score.
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What documents do I need to apply?
To get started, you need your 4 most recent business bank statements and information about the equipment you are purchasing (type, price, and vendor if available). For larger financing amounts, we may also request business tax returns or additional financial documentation. No lengthy business plan or audited financials are required to begin the process.
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Can I apply for additional equipment financing if I already have a loan with SBG Funding?
Yes. Many SBG Funding clients finance multiple equipment purchases over time as their businesses grow. If you have an existing loan in good standing, you may be eligible to apply for additional equipment financing. Contact your funding specialist to discuss your options.
Ready to Get the Equipment Your Business Needs?
Whether you’re replacing aging machinery, adding a vehicle to your fleet, upgrading your medical or diagnostic equipment, or expanding production capacity, SBG Funding’s equipment financing puts the asset in your hands — with fixed payments, same-day decisions, and no requirement to pledge anything beyond the equipment itself. Apply online in minutes. No hard credit pull, no obligation.
