How much does equipment financing cost?

Equipment Financing typically costs ~7–18% APR, advancing up to 100% of equipment cost. Rate and term depend on asset age, condition, and useful life. These are directional ranges, not a quote. Your actual offer depends on your customers, credit, revenue, and industry, and is set by the funding institution during underwriting.

How fast can a manufacturer get equipment financing?

Typical timing is 3–10 business days. That range assumes a complete file: current financials, bank statements, and documentation of what the money is for. Missing documents are the most common reason a file slows down.

Who qualifies for equipment financing?

Manufacturers buying or replacing machinery, tooling, automation, or vehicles used in production. On our side, the baseline is a US-based manufacturer producing goods domestically, with B2B or B2G customers and at least $25K in monthly revenue or a confirmed purchase order that gets there. Final approval is always the funding institution's call.

Is equipment financing a loan?

Yes, usually. Equipment financing is typically a loan or a lease secured by the equipment itself. The asset is the collateral, which is why approval can be faster and credit requirements lighter than an unsecured loan.

What credit and time in business do lenders want to see?

Most equipment lenders like 2+ years in business and a 650+ personal FICO for best pricing, but story-credit and startup programs exist for stronger asset classes like CNCs, presses, and trucks. Best pricing usually starts at 2+ years in business and a 650+ personal FICO. The equipment secures the financing, so credit requirements are lighter than unsecured loans. Startup and story-credit programs exist for strong asset classes like CNC machines, presses, and trucks. Rates typically run about 7–18% APR depending on your profile and the asset's age and condition. Younger shop? Check your readiness before you apply.

Program

Equipment Financing referrals

Add capacity without draining cash.

Finance new or used machinery, CNC, robotics, and production lines.

Start a Quick App Call (844) 623-1234

What is equipment financing?

Equipment financing lets a manufacturer buy or lease machinery with fixed monthly payments instead of a cash purchase. Lenders commonly finance up to 100% of the equipment cost, including used machines and soft costs like freight and installation. Rates typically run about 7–18% APR over 24–72 month terms, and most files fund within 5–15 business days.

Best for

Manufacturers buying or replacing machinery, tooling, automation, or vehicles used in production.

How it works

1You identify the equipment (new or used, vendor or private-party).
2We refer your inquiry to an equipment lender or lessor that fits your industry and profile.
3You get approved, sign, and the vendor is paid directly.
4You make fixed payments and the equipment goes to work.

Benefits

Preserve working capital for materials and payroll
Predictable monthly payments
Potential Section 179 / bonus depreciation benefits (ask your CPA)
Terms typically 24–72 months

Equipment payment estimator

Model a machine purchase: monthly payment, total of payments, and total interest.

Your numbers

Adjust each input. Results update as you move.

Equipment cost$250,000

Total amount financed before any down payment.

$10,000$5,000,000

Down payment10%

Cash you put in at signing. Many programs finance up to 100%.

0%30%

Annual rate11%

Directional only. Your actual rate depends on credit, time in business, and the institution.

7%18%

Term60 mo

Number of monthly payments.

24 mo84 mo

Estimated cost of capital

An illustration built from the inputs above, not a quote or an offer.

Amount financed

$225,000

After $25,000 down

Estimated monthly payment

$4,892

60 payments at 11%

Total of payments

$293,523

Total interest cost

$68,523

30.5% of the amount financed

Educational tool only

These figures are for education. They are not a quote, a promise to lend, an approval, or an indication of offers to come. Manufactor Finance is a business referral service and referral service, not a bank, lender, or investor. Real pricing and structure come from the funding institution after it reviews your file, and can differ from anything shown here. Not all products are available in all states.

Compare Equipment Financing to other programs

All 6 programs we refer, side by side. The right fit depends on what you're funding, how fast you need it, and what your file supports. These are typical ranges, not quotes.

Comparison of manufacturing funding programs: typical advance or size, cost, speed to fund, and best use.
Program	Advance / typical size	Typical cost	Speed to fund	Best for
Invoice Factoring	$25K–$10M+ per month	~1–3.5% per 30 days	7–14 days to onboard, 24–48 hrs per invoice after	Shops with creditworthy B2B / gov buyers on net-30/60/90
Purchase Order Financing	$100K–$25M per PO	~2–6% per 30 days	1–3 weeks	Funded POs from creditworthy buyers when you can't self-fund materials
Equipment FinancingThis page	$25K–$5M per asset	~7–18% APR	3–10 business days	Adding capacity — CNC, robotics, lines, tooling, vehicles
Asset-Based Lending (ABL)	$1M–$50M+ revolver	~SOFR + 3–8%	3–6 weeks	Established manufacturers with A/R, inventory, and equipment collateral
Working Capital	$25K–$1M	Factor rate or APR — varies by product	2–7 business days	Short-term gaps — payroll, materials, a specific catch-up
SBA & Term Loans	$150K–$5M+	~Prime + 2.75–4.75%	45–120 days	Real estate, acquisitions, refis, long-horizon growth capital

Invoice Factoring

Advance / size: $25K–$10M+ per month
Typical cost: ~1–3.5% per 30 days
Speed to fund: 7–14 days to onboard, 24–48 hrs per invoice after
Best for: Shops with creditworthy B2B / gov buyers on net-30/60/90

Purchase Order Financing

Advance / size: $100K–$25M per PO
Typical cost: ~2–6% per 30 days
Speed to fund: 1–3 weeks
Best for: Funded POs from creditworthy buyers when you can't self-fund materials

Equipment FinancingThis page

Advance / size: $25K–$5M per asset
Typical cost: ~7–18% APR
Speed to fund: 3–10 business days
Best for: Adding capacity — CNC, robotics, lines, tooling, vehicles

Asset-Based Lending (ABL)

Advance / size: $1M–$50M+ revolver
Typical cost: ~SOFR + 3–8%
Speed to fund: 3–6 weeks
Best for: Established manufacturers with A/R, inventory, and equipment collateral

Working Capital

Advance / size: $25K–$1M
Typical cost: Factor rate or APR — varies by product
Speed to fund: 2–7 business days
Best for: Short-term gaps — payroll, materials, a specific catch-up

SBA & Term Loans

Advance / size: $150K–$5M+
Typical cost: ~Prime + 2.75–4.75%
Speed to fund: 45–120 days
Best for: Real estate, acquisitions, refis, long-horizon growth capital

Ranges are directional, not offers. Your actual terms depend on your customers, credit, revenue, and industry, and are set by the funding institution. We are an independent referral service, not a bank, lender, or investor, and we charge no application, origination, or closing fees.

See head-to-head comparisons

Quick answers about equipment financing

What is equipment financing?: Equipment financing lets a manufacturer buy or lease machinery with fixed monthly payments instead of a cash purchase. Lenders commonly finance up to 100% of the equipment cost, including used machines and soft costs like freight and installation. Rates typically run about 7–18% APR over 24–72 month terms, and most files fund within 5–15 business days.
How much does equipment financing cost?: Equipment Financing typically costs ~7–18% APR, advancing up to 100% of equipment cost. Rate and term depend on asset age, condition, and useful life. These are directional ranges, not a quote. Your actual offer depends on your customers, credit, revenue, and industry, and is set by the funding institution during underwriting.
How fast can a manufacturer get equipment financing?: Typical timing is 3–10 business days. That range assumes a complete file: current financials, bank statements, and documentation of what the money is for. Missing documents are the most common reason a file slows down.
Who qualifies for equipment financing?: Manufacturers buying or replacing machinery, tooling, automation, or vehicles used in production. On our side, the baseline is a US-based manufacturer producing goods domestically, with B2B or B2G customers and at least $25K in monthly revenue or a confirmed purchase order that gets there. Final approval is always the funding institution's call.
Is equipment financing a loan?: Yes, usually. Equipment financing is typically a loan or a lease secured by the equipment itself. The asset is the collateral, which is why approval can be faster and credit requirements lighter than an unsecured loan.

Equipment Financing — FAQs

Yes. Many partners finance used equipment, including private-party purchases, though rates and terms depend on the age and condition of the asset.

Often yes—soft costs like delivery, rigging, install, and training can frequently be rolled into the financed amount.

Most equipment lenders like 2+ years in business and a 650+ personal FICO for best pricing, but story-credit and startup programs exist for stronger asset classes like CNCs, presses, and trucks.

Best pricing usually starts at 2+ years in business and a 650+ personal FICO.
The equipment secures the financing, so credit requirements are lighter than unsecured loans.
Startup and story-credit programs exist for strong asset classes like CNC machines, presses, and trucks.
Rates typically run about 7–18% APR depending on your profile and the asset's age and condition.
Younger shop? Check your readiness before you apply.

A $1 buyout lease acts like a loan and keeps the asset on your balance sheet. A fair-market-value lease usually has lower payments but returns the asset at term-end. We compare both against your tax and cash-flow goals before you sign.

Many programs fund 100% for qualified borrowers. Used, private-party, or higher-risk profiles may require 10–20% down or an additional advance payment.

Explore the Equipment Financing content hub

Guides, comparisons, a pre-application checklist, and plain-English explainers, all in one place.

Related programs

Invoice Factoring

Turn unpaid invoices into cash today—stop waiting on net-60 or net-90.

Purchase Order Financing

Get the capital to fulfill large customer orders without straining cash flow.

Asset-Based Lending (ABL)

Revolving lines secured by receivables, inventory, and equipment.

Working Capital

Short-term capital to bridge payroll, materials, and growth spikes.

SBA & Term Loans

Longer-term, lower-cost capital for growth, real estate, or acquisitions.

Equipment Financing by industry

See how equipment financing works inside a specific manufacturing niche.

Equipment Financing in specialized sub-niches

Industries that lean on equipment financing the most, broken down to the shop level.

Food & Beverage ManufacturingUSDA Meat & Poultry Processing Food & Beverage ManufacturingCo-Packing & Private Label Food & Beverage ManufacturingCraft Beverage & Bottling Medical Device ManufacturingFDA Class II Devices Medical Device ManufacturingContract Manufacturing (CMO / CDMO)Medical Device ManufacturingOrthopedic & Implantable Devices Metal FabricationStructural Steel Fabrication Metal FabricationSheet Metal & Stamping Metal FabricationPowder Coating & Industrial Finishing Plastics & Injection MoldingInjection Molding & Tooling Plastics & Injection MoldingBlown Film & Extrusion Plastics & Injection MoldingThermoforming & Vacuum Forming

Equipment Financing by city

View all Equipment Financing cities →

Local referrals for equipment financing in every US manufacturing metro we serve.

Gulf Coast

Equipment Financing in Houston, TX Equipment Financing in Mobile, AL Equipment Financing in Baton Rouge, LA Equipment Financing in Brownsville, TX Equipment Financing in Victoria, TX Equipment Financing in Monroe, LA Equipment Financing in Alexandria, LA Equipment Financing in Lake Charles, LA Equipment Financing in Houma, LA Equipment Financing in Slidell, LA

West Coast

Midwest

Great Lakes

South Central

Southeast

Upper Midwest

Equipment Financing in Minneapolis, MN Equipment Financing in Eau Claire, WI Equipment Financing in Wausau, WI Equipment Financing in La Crosse, WI Equipment Financing in St. Cloud, MN Equipment Financing in Duluth, MN Equipment Financing in Mankato, MN Equipment Financing in Winona, MN Equipment Financing in Moorhead, MN

Mid-Atlantic

Southwest

Pacific Northwest

Mountain West

Northeast

West

South

Great Plains

Mountain

Equipment Financing in Cheyenne, WY Equipment Financing in Ogden, UT Equipment Financing in Provo, UT Equipment Financing in St. George, UT Equipment Financing in Grand Junction, CO Equipment Financing in Fort Collins, CO Equipment Financing in Bozeman, MT Equipment Financing in Missoula, MT Equipment Financing in Idaho Falls, ID Equipment Financing in Pocatello, ID Equipment Financing in Casper, WY

Free PDF

Funding Requirements Checklist for US manufacturers

See exactly what underwriters actually look at — for factoring, PO financing, equipment, working capital, ABL, and SBA — before you fill out a single application.

What documents you need for each program
Typical time-to-fund by program
Common disqualifiers worth knowing up front
How Manufactor Finance is compensated — $0 fees to you

3-page PDF · No application, origination, or closing fees to you · We're a independent referral service, not a bank.

See the full requirements breakdown

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