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Dec 15, 2025
Filed under: Equipment Financing
Best Equipment Financing Companies For Small Business
If you need a loan to purchase equipment for your business, start with one of these reputable equipment financing companies.
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WRITTEN & RESEARCHED BY
Editor & Senior Staff Writer
UPDATED
Our content reflects the editorial opinions of our experts. While our site makes money through referral partnerships, we only partner with companies that meet our standards for quality, as outlined in our independent rating and scoring system.
We evaluated equipment financing providers based on borrowing limits, rates and fees, repayment terms, borrower requirements, application speed, and overall value. These are our top picks.
Compare Our Top Picks
| Provider | Best For | APR | Max. Borrowing Amount | Next Steps |
|---|---|---|---|---|
 | Best Marketplace | Varies by lender/product | Varies by lender/product | |
 | Best For SBA Loans | Varies by product | Varies by product | |
 | Best For New Businesses | Varies by product | $2 million | |
 | Best For Farm Equipment | Starts at 6.20% | $200,000+ | |
 | Best For Leasing | Starts at 5% | $500,000 | |
| Show More Options | ||||
 | Best For New & Used Equipment | Undisclosed | $500,000 | |
| Show Fewer Options |
Lendio
Best OverallBest Marketplace
Lendio is a marketplace for businesses that want to compare loan offers from multiple lenders with one application.
Through Lendio’s lender network, businesses may qualify for equipment financing, short-term loans, term loans, lines of credit, SBA loans, and other funding options. Requirements vary by lender, and some lending partners offer options that don't require a down payment.
Financing Options
Loans, leases, other funding
Repayment Terms
Varies by lender/product
FICO
N/A
PROS
- High borrowing amounts
- Fast pre-qualification
- Compare multiple offers
CONS
- Funds can take awhile to disburse
- Rates can be expensive
SmartBiz
Best For SBA Loans
SmartBiz is an SBA loan marketplace for businesses that want to use SBA financing to purchase equipment.
SmartBiz works with banks and SBA-approved lenders to help businesses apply for SBA loans, term loans, and business lines of credit through one application. SBA loans can offer lower rates and longer repayment terms than many alternative financing options, but the application and funding process may take longer.
Financing Options
SBA loans, term loans, lines of credit
Repayment Terms
Varies by product
FICO
650
PROS
- High borrowing amounts
- Low rates
- Long-term financing options
CONS
- Strict borrower requirements
- Funds can take a while to disburse
US Business Funding
Best For New Businesses
US Business Funding is an equipment financing provider for newer businesses that may not qualify with more traditional lenders.
US Business Funding offers equipment loans and leases, term loans, working capital loans, revenue-based funding, equipment refinancing, and leasing buyout options. Businesses as young as six months may qualify, though stronger applicants may have more time in business.
Financing Options
Loans, leases, refinancing, other funding
Repayment Terms
Varies by product
FICO
Undisclosed
PROS
- High borrowing amounts
- Lease buyout options
- Equipment refinancing available
CONS
- Rates can be expensive
AgDirect Equipment Financing
Best For Farm Equipment
AgDirect is an equipment financing provider for farmers, ranchers, and agribusinesses that need to buy, lease, or refinance farm equipment.
AgDirect offers equipment loans, leases, refinancing, and equipment auction financing through the Farm Credit System. Rates and fees vary by term length and amount financed, and a documentation fee may apply.
Financing Options
Loans, leases, refinancing
Repayment Terms
7 years
FICO
Undisclosed
PROS
- Low rates
- Funds are disbursed quickly
- Loans and leases are available
CONS
- Only serves agribusiness
- Nontransparent qualifications
Crest Capital
Best For Leasing
Crest Capital is an equipment financing provider for small businesses that want flexible equipment leasing options.
Crest Capital offers equipment leases, buyout options, and financing for a wide range of business equipment. Borrowing limits, rates, fees, and repayment terms vary by applicant and lease structure, and businesses should be prepared for a first-month down payment and a one-time administration fee.
Financing Options
Leases, buyout options
Repayment Terms
Up to 84 months
FICO
Undisclosed
PROS
- Small business focused
- Established financing provider
- Excellent customer service
CONS
- Not available to all industries
- Rates can be expensive
National Funding
Best For New & Used Equipment
National Funding is an equipment financing provider for newer businesses that need financing for new or preowned equipment.
National Funding offers equipment loans and leases, short-term loans, a quick application process, flexible payment options, and few listed equipment restrictions. Businesses may qualify with as little as 6 months in business, though credit score and revenue requirements still apply.
Financing Options
Loans, leases, short-term loans
Repayment Terms
Varies by product
FICO
600
PROS
- Few equipment restrictions
- Discounts for early repayment
- Newer businesses may qualify
CONS
- Rates can be expensive
Frequently Asked Questions
Erica Seppala
Editor & Senior Staff Writer at Merchant Maverick
Erica has been writing about small business finance and technology since 2008. She joined Merchant Maverick in 2018 and specializes in researching and reviewing business software, financial products, and other topics to help small businesses manage and grow their operations. Her expertise has been cited in MSN, Reader's Digest, Vox, U.S. News & World Report, and Real Simple. She is a Certified ProAdvisor for QuickBooks Online and QuickBooks Payroll, a graduate of Limestone University, and currently resides in Greenville, South Carolina.
View Erica Seppala's professional experience on LinkedIn.
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