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Equipment financing lets you buy or lease the machinery, vehicles, technology, or tools your business needs without paying the full cost upfront. The equipment itself serves as collateral, so qualification is easier than unsecured loans — and Section 179 of the IRS code lets you deduct the full purchase price the year you buy.

5 min read Updated May 2026 By Merchant Fund Express

Quick Answer

Merchant Fund Express provides fast business funding from $5,000 to $5,000,000 with 24-hour decisions. We accept FICO scores from 500, require no tax returns for amounts under 0,000, and fund within 1-3 business days. We have funded over 1,000 businesses across all 50 states with $50M+ in capital deployed.

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How Equipment Financing Works

You borrow up to 100% of the equipment's cost (sometimes including soft costs like installation and training) and repay over a fixed term — typically 24-72 months. Monthly payments are predictable, the equipment is yours at the end of the loan, and the equipment serves as collateral, lowering the lender's risk and your rate.

Equipment Loan vs Equipment Lease

Loan: You own the equipment outright at the end of the term and can deduct interest + depreciation. Best when you'll use the equipment 5+ years. Lease: Lower monthly payments, ability to upgrade at lease end, lower upfront cost. Best for tech that becomes obsolete fast or seasonal use.

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Apply in 4 minutes. Decision in 24 hours. 500+ FICO accepted, no tax returns under $250K.

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Section 179 Tax Deduction

Section 179 lets you deduct the FULL cost of qualifying equipment (up to $1.16M for 2024) in the year you place it in service — instead of depreciating over years. This applies to financed equipment too: you can deduct the full price even if you only paid the first installment. Talk to your accountant before December 31.

Qualification & Rates

Equipment financing typically requires 6+ months in business, $10K+ monthly revenue, and 600+ FICO (we accept 500+ on most files). Rates range 7-30% APR depending on credit and equipment type. New equipment usually rates lower than used. Decision in 24 hours, funds in 1-3 business days.

Frequently Asked Questions

Everything you need to know before you apply.

What equipment qualifies for financing?

Almost any business-use equipment: vehicles, trucks, manufacturing machinery, restaurant kitchen equipment, medical equipment, IT/office equipment, construction tools, agricultural machinery.

Can I finance used equipment?

Yes. Most lenders finance equipment up to 10-15 years old with proper inspection. Used equipment may have shorter terms (24-48 months vs 72) and slightly higher rates.

How much down payment do I need?

Many programs offer 0% down for qualified borrowers. Higher-risk profiles may require 10-20% down. Used or specialized equipment often requires 10-15% down.

Are there pre-payment penalties?

Depends on the lender. Some have no pre-payment penalty, others charge 1-3% if paid off in the first year. Always read the terms before signing.

Can I take Section 179 with financed equipment?

Yes. The IRS treats financed equipment the same as cash purchases for Section 179 purposes — you can deduct the full price even if you only made one payment. Confirm with your CPA.