Equipment financing typically covers 80% to 100% of the equipment's purchase price. Online lenders cap at $500K to $1M per loan. SBA 504 loans can finance up to $5.5M. The exact maximum depends on the equipment value, your credit, and the lender's portfolio limits. New equipment usually qualifies for 100% financing. Used equipment caps at 80% to 90% of the appraised resale value.
| Lender Type | Min Loan | Max Loan | Down Payment |
|---|---|---|---|
| Online equipment lender | $5K | $500K to $1M | 0% to 20% |
| Bank equipment loan | $25K | $5M+ | 10% to 20% |
| SBA 7(a) | $25K | $5M | 10% (or less for repeat borrowers) |
| SBA 504 | $50K | $5.5M | 10% (lender) + 10% (borrower) |
| Captive lender (manufacturer) | Varies | Equipment list price | 0% to 10% |
| Equipment lease | $5K | $2M+ | First and last month often |
Sources: lender published rate tables, SBA program guidelines, and industry data as of June 2026. Rates and qualification criteria change frequently. Confirm with each lender before applying.
Borrowers often assume they need 20% down for equipment financing. They don't. Online lenders and manufacturer captive lenders routinely fund 100% of the equipment cost, including soft costs like installation, freight, and training. The right lender depends on your credit, time in business, and whether the equipment is new or used.
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