Equipment Financing Up to $5M
Finance the equipment your business needs — approved in 24 hours.
Prime Business Care provides fast equipment financing and leasing from $10,000 to $5,000,000 for trucks, machinery, medical devices, restaurant equipment, technology, and more. Preserve cash flow, earn tax benefits, and get the equipment you need to grow — all without tying up your working capital.
What Is Equipment Financing?
Equipment financing is a type of business loan specifically designed to help companies purchase the vehicles, machinery, technology, and tools they need to operate and grow. The equipment itself typically serves as collateral for the loan, which makes this type of financing easier to qualify for and often available at lower rates than unsecured business loans.
Because the equipment backs the loan, lenders take on less risk — which means they can approve businesses that might not qualify for unsecured funding. Equipment financing also preserves your working capital since you don't have to pay cash upfront for major purchases. You keep cash in the bank for operations while still getting the equipment you need to generate revenue.
At Prime Business Care, we provide fast equipment financing from $10,000 to $5,000,000 with approvals in 24 to 48 hours. Whether you need a truck, commercial kitchen, medical imaging system, construction machinery, or office technology — we match you with the best financing option across our network of equipment lenders.
Types of Business Equipment We Fund
Prime Business Care finances virtually every type of business equipment across dozens of industries. If your business needs it to operate or grow, we can probably finance it.
Commercial Vehicles & Trucks
Semi-trucks, box trucks, delivery vans, service vehicles, and fleet vehicles. New and used, including specialized vehicles for trucking, landscaping, plumbing, and HVAC.
Construction & Heavy Equipment
Excavators, bulldozers, cranes, loaders, forklifts, dump trucks, and specialty construction equipment. Both new and quality used equipment financed.
Restaurant & Kitchen Equipment
Commercial ovens, walk-in coolers, POS systems, dishwashers, fryers, mixers, and complete kitchen build-outs. Includes bar equipment and smallwares.
Medical & Dental Equipment
X-ray machines, imaging systems, dental chairs, surgical equipment, lab equipment, EHR systems, and specialty medical devices for any practice type.
Manufacturing & Industrial
CNC machines, injection molding, presses, welders, packaging equipment, assembly lines, and production machinery for manufacturers of all sizes.
Technology & Office Equipment
Computers, servers, networking hardware, phone systems, copiers, printers, software, and complete office technology build-outs.
Auto Repair & Automotive
Lifts, alignment machines, tire equipment, diagnostic tools, paint booths, body shop equipment, and complete automotive shop build-outs.
Salon & Spa Equipment
Styling stations, wash units, tanning beds, massage tables, aesthetic equipment, laser devices, and complete salon or spa build-outs.
Gym & Fitness Equipment
Cardio machines, strength equipment, free weights, flooring, mirrors, specialty fitness equipment, and full gym build-outs.
Equipment Financing vs. Equipment Leasing
Two main ways to acquire equipment with outside funding: financing (a loan to own) or leasing (a long-term rental). Each has different advantages depending on your goals.
How Equipment Financing Works
Our equipment financing process is fast and straightforward. Most applications go from apply to funded in 2 to 4 business days.
Apply & Submit Quote
Fill out a short application and share the equipment vendor quote or invoice. We need to know what you're buying and from whom.
Review & Get Approved
We analyze your credit, revenue, and the equipment itself. Most applications get a decision within 24 to 48 hours.
Sign Documents
Review the financing terms, sign contracts, and provide any final documentation. Everything is done digitally for speed.
Funds Sent to Vendor
We pay the equipment vendor directly. You receive your equipment and start your monthly payments per the agreed schedule.
Benefits of Financing Your Business Equipment
Why finance equipment instead of paying cash or using a general business loan? Here are the six biggest advantages.
Preserve Working Capital
Keep cash in the bank for operations, payroll, inventory, and unexpected expenses. Don't tie up months of working capital in a single equipment purchase.
Tax Benefits
Section 179 lets you deduct the full equipment cost in year one. Interest payments are also tax deductible. Massive tax savings vs. paying cash.
Easier Qualification
Because the equipment serves as collateral, approval is easier than unsecured loans. Accept credit scores as low as 550 for most equipment types.
Match Income to Cost
Pay for the equipment as it generates revenue. Monthly payments align with the ongoing income the equipment produces for your business.
Hedge Against Inflation
Lock in today's equipment prices with payments spread over years. If inflation rises, your fixed payments become cheaper in real terms.
Build Business Credit
Equipment loans often report to business credit bureaus. On-time payments build your business credit score for future borrowing.
Who Qualifies for Equipment Financing?
Equipment financing is generally easier to qualify for than unsecured loans because the equipment itself secures the loan. Here's what we look at.
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550+ Credit Score
Minimum 550 FICO. Better credit unlocks better rates and lower down payments. Challenged credit considered case-by-case.
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6+ Months in Business
Most equipment lenders require 6+ months operating history. Startups may require larger down payments or personal guarantee.
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Business Bank Account
Active business checking account in good standing with consistent deposit activity.
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Equipment Quote or Invoice
Vendor quote or invoice for the specific equipment you want to finance. We need to know what we're funding.
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Equipment Under 10 Years Old
We finance new and used equipment up to 10 years old. Older equipment may qualify at higher rates or shorter terms.
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No Open Bankruptcies
No active bankruptcy proceedings. Discharged bankruptcies typically OK after 2 years depending on credit profile.
Deduct the Full Cost of Equipment in Year One
Section 179 of the IRS tax code lets qualifying businesses deduct the entire purchase price of equipment in the year it's placed in service — rather than depreciating it over many years. This creates massive tax savings for businesses that finance equipment.
Combined with financing, this means you can get the equipment you need, keep cash in the bank, and still take the full tax deduction — often making the effective cost of equipment substantially lower than paying cash.
Consult your accountant about current Section 179 limits and how they apply to your specific situation.
Industries We Fund Equipment For
Prime Business Care finances equipment across virtually every industry. If your business uses equipment to generate revenue, we can likely fund it.
Why Choose Us for Equipment Financing
We match your business with the best equipment financing option across our network of equipment lenders — ensuring you get the lowest rate and best terms for your situation.
24-48 Hour Approvals
Most applications approved within 24 to 48 hours. Funds sent to your vendor within 2 to 4 business days total.
New & Used Equipment
We finance both new and used equipment up to 10 years old. Flexible options for every budget and business stage.
Flexible Credit Requirements
Accept credit scores as low as 550. Challenged credit considered individually — we look at the whole picture, not just FICO.
0% Down Options
Qualified buyers can get 100% financing with zero down. Preserve every dollar of working capital for operations.
Multiple Lender Network
We work with 50+ equipment lenders to find you the best rate and terms. One application, multiple offers.
Dedicated Specialist
Work with one funding specialist from application through funding and beyond. No getting bounced between reps.
Equipment Financing FAQ
Common questions about qualifying for, applying, and using equipment financing.
What is equipment financing?
Equipment financing is a type of business loan specifically used to purchase equipment, vehicles, machinery, or technology for your business. The equipment itself typically serves as collateral, which makes this funding easier to qualify for than unsecured loans, and generally comes with lower rates.
What's the difference between equipment financing and leasing?
Financing is a loan to purchase equipment you own at the end. Leasing is essentially a long-term rental where you pay monthly to use the equipment, then either return it, buy it out, or upgrade at the end. Financing builds ownership equity; leasing preserves cash flow and lets you upgrade more easily.
How much can I qualify for?
Amounts typically range from $10,000 to $5,000,000 depending on the equipment type, your business performance, and credit profile. Most lenders will finance up to 100% of the equipment cost for qualified borrowers, with some offering soft cost coverage for installation, shipping, and training.
What credit score is needed?
Equipment financing is generally easier to qualify for than unsecured loans because the equipment serves as collateral. Most lenders accept credit scores as low as 550 to 600. Better credit unlocks better rates, but we work with challenged credit profiles when the equipment holds strong resale value.
How fast can I get funded?
Prime Business Care approves most applications within 24 to 48 hours. Funding typically follows within 1 to 3 business days once documents are signed and the vendor invoice is verified. Some transactions can be completed same-day for pre-approved buyers.
Can I finance used equipment?
Yes. Prime Business Care finances both new and used equipment through our funder network. Used equipment typically requires a bit more documentation (age, condition, inspection) but often comes at lower financing amounts and shorter terms. Generally we can finance equipment up to 10 years old.
Is equipment financing tax deductible?
Yes. Under IRS Section 179, businesses can typically deduct the full purchase price of qualifying equipment in the year it's placed in service, up to the annual limit. Interest payments on equipment loans are also generally tax deductible. Consult your accountant about specific benefits for your situation.
Do I need a down payment?
It depends on your credit profile and the equipment. Strong credit can often get 100% financing with no down payment. Weaker credit typically requires 10-20% down. Used equipment and specialized assets may require higher down payments. Prime Business Care offers zero-down options for qualified buyers.
Apply for Equipment Financing Today
Get approved in 24 hours. No credit impact on initial application. Finance up to $5M with terms that match your business.
Start Your Application