Equipment financing
Finance up to 90% of the value of the machinery, vehicles and tools your business needs. Fixed payments, same-day decisions and funding in as little as 24 hours.
- The equipment is the collateral
- Fixed payments for the life of the financing
- No hard credit pull
Simple, fast and clear.
- Up to 90%
- Of the equipment’s value
- 500+
- Minimum credit score
- Same day
- Decisions
- 24hours
- Fastest funding
How equipment financing works.
The seller is paid for the equipment, and you pay it back in fixed payments over a set term. The equipment itself is the collateral, so no other assets are required.
Financing covers up to 90% of the equipment’s value. The term runs 2 to 5 years, matched to the equipment’s useful life, so you pay for it while it’s working for you.
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What you’ll need. A quote or invoice from the seller that names the equipment, its price and whether it’s new or used. The seller is paid directly.
What it costs. Interest plus any fees, and a down payment for the share the financing doesn’t cover. Compare offers by each payment and the total you repay, in dollars.
New or used. Both can be financed. Used equipment gets a term set to the years it has left, and may be inspected first.
Financing or leasing. With financing you own the equipment, and the lien comes off with the last payment. With a lease you return the equipment, renew or buy it at the end. Equipment that goes out of date quickly can suit a lease better.
Equipment financing at a glance.
- Asset-backed
- The equipment is the collateral, with no other assets required
- How much
- Up to 90% of the equipment’s value
- Term
- 2 to 5 years, matched to the equipment’s useful life
Compare your options.
See how Noya Funding stacks up against other financing sources.
| Traditional Bank | Other Online Lenders | ||
|---|---|---|---|
| Funding Speed | Same day to 48 hours | 30-90 days | 2-7 days |
| Funding Amount | Up to 90% of the equipment’s value | $50K-$5M | $5K-$500K |
| Hard Credit Pull | Never | Always | Usually |
| Min. Annual Revenue | $150K+ | $250K+ | $100K-$250K |
| Min. Credit Score | 500+ FICO | 680+ FICO | 550-600+ FICO |
| Collateral Required | The equipment | Often | Sometimes |
| Time in Business | 6+ months | 2+ years | 1+ year |
| Dedicated Advisor | Always | Never | Sometimes |
| Documents Needed | 4 bank statements + equipment details | Full financials + tax returns | Varies |
| Application Time | 5 minutes online | Days to weeks | 1-3 days |
| Apply NowApplying won’t affect your credit score. |
What small businesses use equipment financing for.
Trucks and vans
Vehicles for a new route, a new crew or more deliveries.
Kitchen equipment
Ovens, fryers, walk-in coolers and the hood above them.
Production machinery
CNC machines, presses and packing lines that raise your output.
Medical and dental equipment
Imaging, chairs and diagnostic tools for the practice.
Construction equipment
Excavators, loaders and lifts you own instead of renting by the week.
Shop equipment
Lifts, diagnostic equipment and tools for each service bay.
When equipment financing is the right choice.
Equipment financing fits when you need a physical asset and want to keep your working capital where it is.
You’re buying or replacing a major asset
A machine, a vehicle, a medical device or a technology system has a set cost and years of working life. The equipment secures the financing, with no other assets required, so your operating cash stays in the business.
You’re adding capacity without touching your cash
More equipment means more output, larger contracts or more clients. Financing it keeps the cash you run on in place, and your business line of credit and operating account stay free for everything else.
You want fixed payments tied to the asset
You repay over the equipment’s useful life, 2 to 5 years, with a fixed payment on a set schedule. You know what the equipment costs each month, and you pay for it while it’s working for you.
All you need to qualify.
We look at more than your credit score, including the equipment’s value, your revenue history, deposit patterns and time in business. A business with strong cash flow may qualify even with imperfect credit.
- No hard credit pull
- No upfront fees
- 500+
- Credit score
- 6+months
- In business
- $150K+
- Yearly revenue
- 4months
- Of bank statements
Three steps to your funding.
- 1
Apply online
Fill in our short application in a few minutes. A few basics about your business and what you need, with no stack of paperwork to get started.
- 2
Get your options
Our team reviews your application and brings you the options that fit your business. We look at revenue, deposits and time in business, not only your credit score.
- 3
Receive your funds
Once you’re approved and the documents are signed, the funds can be in your business bank account in as little as 24 hours.
Frequently asked questions.
Is Noya Funding a lender?
Noya Funding is a business funding broker. We work with a wide network of lenders: our team reviews your application, matches you with the options that fit your business and stays with you through funding.
Does applying affect my credit score?
No. There’s no hard credit pull to apply, so applying won’t affect your credit score.
Do I need a down payment?
Financing covers up to 90% of the equipment’s value, and you put in the rest. The share depends on the equipment, its age and your business profile.
Can I finance used equipment?
Yes. The term is set to the years the equipment has left, and it may be inspected first.
Who owns the equipment?
You do. The lender holds a lien on it until the last payment, and then the lien is released.
How long are the terms?
2 to 5 years, matched to how long you’ll use the equipment.
Is equipment financing the same as leasing?
No. With financing you own the equipment, and it’s yours outright once the last payment clears. With a lease you use it for a set term, then return it, renew or buy it.
Which states do you work in?
Every state except Texas, Virginia, Connecticut and Missouri, where we can’t take requests yet.
Ready to get funded?
Apply online in minutes. No collateral, no hard credit pull and no obligation.