Equipment financing
Fund the equipment, let the equipment secure it
From computers to vehicles to the machinery that keeps your business running — new or used. Because the equipment itself serves as collateral, approval is often easier than for other loans.
How does equipment financing work?
Equipment financing is a loan used to buy business equipment, where the equipment itself serves as the collateral. Because the asset secures the deal, approval is often easier and rates lower than for unsecured borrowing, and the amount is set by the supplier invoice rather than by negotiation. RAN Funding finances the full purchase amount for new or used equipment — vehicles, machinery, computers, restaurant and medical equipment — with interest starting at 5%, terms of 1 to 5 years, and funding in 48 to 72 hours.
The asset you are buying is the security
Whether your equipment needs repairs or you are in the market for new essentials, we work with you to find the best available rate. Your business can access all the new or used equipment it needs — computers, vehicles, essential machinery and beyond.
Many owners choose equipment financing when they are unsure which loans they would qualify for, because the equipment itself serves as collateral. To apply, all you need to do is book time with our team. We will ask what you are looking to purchase and take the relevant documentation, such as the cost.
What to have ready before you apply
Documents required
- Driver’s license
- Voided business check
- Recent bank statements Typically 3 months; some states require 4.
- Equipment invoices
What happens next
- Apply online in about five minutes
- A specialist reviews your file, usually within hours
- You compare the offers you qualify for
- Funds land in your business bank account
Ready to see your options?
No obligation and no credit pull to apply. A funding specialist will come back to you with the offers you qualify for.
Not quite right? Compare the alternatives
One application puts you in front of all of these. A specialist will point you to the ones that fit.