Best Equipment Financing Companies (2026)

Compare top equipment financing and leasing companies. Fund machinery, vehicles, and technology with the equipment as collateral.

Written by Harvey Brooks, Senior Financial Editor

TL;DR Quick summary

National Funding offers 100% equipment financing up to $150K with no down payment and Section 179 eligibility. Celtic Bank handles larger deals ($100K-$3M, up to 7 years). ROK Financial and Fora Financial offer equipment financing as part of broader product suites.

Key Takeaways

National Funding finances 100% of equipment cost with no down payment
Celtic Bank handles $100K-$3M equipment deals with up to 7-year terms
Equipment serves as its own collateral — easier to qualify than unsecured loans
Section 179 tax deduction applies to financed equipment purchases
Leasing may be better than buying for rapidly depreciating technology

Equipment financing lets you acquire machinery, vehicles, technology, and tools without paying the full cost upfront. The equipment itself serves as collateral, making qualification easier than unsecured loans. We reviewed the top equipment financing providers based on loan limits, terms, and industry specialization.

1

National Funding

★ 4.5

Google rating from 485 reviews

Rates and terms vary BBB: NR Free Consultation

National Funding is a San Diego-based direct lender founded in 1999 that has provided over $4.5 billion to 75,000+ businesses, offering small business loans up to $500K and equipment financing up to $150K with 24-hour funding and no collateral required.

No collateral required on small business loans and no prepayment penalty — pay off early without extra cost

24-hour funding on small business loans for fast access to working capital

Equipment financing with 100% financing, no down payment, and Section 179 tax deduction eligibility

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2

Celtic Bank

No stored Google rating

Rates and terms vary BBB: n/a Free Consultation

Celtic Bank is a Utah-chartered industrial bank and top-10 SBA lender offering SBA 7(a), SBA 504, USDA B&I, equipment, construction, renewable energy, and conventional business loans from $25K to $10M across 60+ industries.

Top 10 SBA lender every year since 2013 — proven consistency

14 distinct lending products covering $25K to $10M

SBA rates as low as Prime + 2.75%

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3

ROK Financial

No stored Google rating

Rates and terms vary BBB: A Free Consultation

ROK Financial (ROKFI LLC) is a business loan broker based in Great River, NY that connects borrowers with lending partners across 11 financing products including term loans, SBA loans, equipment financing, CRE, and MCA, with a minimum credit score of 500.

11 financing products under one roof — term loans, SBA, LOC, equipment, A/R, PO, MCA, CRE, franchise, startup, and middle market

500 minimum credit score is one of the lowest entry barriers in business lending

Startup funding available with just 6 months in business and $120K annual revenue

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4

F

Fora Financial

No stored Google rating

Rates and terms vary BBB: A+ Free Consultation

Fora Financial provides small business term loans up to $1.5M, revenue advances, lines of credit, SBA loans, and equipment financing with published factor rates, 4-hour approvals, and 24-hour funding for businesses with 570+ FICO scores.

Publishes factor rates (1.13-1.50) unlike most competitors who hide pricing

Early repayment discounts reduce effective cost to as low as 1.05 factor

570 minimum FICO — one of the lowest thresholds in business lending

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5

Rapid Finance

No stored Google rating

Rates and terms vary BBB: A+ Free Consultation

Rapid Finance is a Bethesda, MD-based alternative lender offering term loans ($5K-$1M), merchant cash advances, business lines of credit, SBA loans, bridge loans, invoice factoring, and asset-based lending with fast funding and flexible qualification criteria.

$3B+ funded — established track record in alternative lending

Wide product range covering term loans, MCA, LOC, SBA, factoring, and more

Flexible qualification — considers overall business performance, not just credit score

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Frequently Asked Questions

How does equipment financing work?

The lender funds the equipment purchase (up to 100% of cost), and the equipment itself serves as collateral. You make fixed payments over 1-7 years. At the end of the term, you own the equipment. Leasing is similar but you may return or buy the equipment at term end.

What credit score do I need for equipment financing?

National Funding requires a "fair" business credit score. Celtic Bank doesn't disclose minimums but offers equipment financing from $100K-$3M. Requirements are generally lower than unsecured loans because the equipment is collateral.

Can I finance 100% of equipment cost?

Yes. National Funding offers up to 100% financing with no down payment required. Celtic Bank offers equipment financing from $100K to $3M with terms up to 7 years.

Is equipment financing tax deductible?

Yes. Section 179 allows businesses to deduct the full purchase price of qualifying equipment in the year it's placed in service, up to the annual limit. National Funding equipment financing is Section 179 eligible.

More providers in this category

Beyond the ranked list above, these 12 providers cover the same category in our directory. Click through to compare CFPB complaint data, Google ratings, and BBB standing side-by-side.

Square Financial Services

San Francisco, CA

★ 2.1 · 533 reviews

Mulligan Funding, LLC

San Diego, CA

★ 4.7 · 132 reviews

SmartBiz Bank, N.A.

Accion Opportunity Fund

San Jose, CA

★ 3.5 · 74 reviews

Allies for Community Business

Chicago, IL

★ 3.9 · 68 reviews

OnDeck

South Jordan, UT

1st Bank Card Services

Chicago, IL

★ 3.9 · 42 reviews

Accessity

San Diego, CA

★ 4.4 · 79 reviews

Accompany Capital

New York, NY

★ 4.5 · 16 reviews

ACE | Access to Capital for Entrepreneurs

Atlanta, GA

★ 3.3 · 10 reviews

Acme Finance Co Inc

Seattle, WA

★ 4.8 · 74 reviews

ADR Financial Group

Charlotte, NC

★ 4.9 · 183 reviews

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HB

Harvey Brooks

Senior Financial Editor

Harvey Brooks is a consumer finance writer specializing in credit repair, personal lending, and debt management. With over a decade covering the industry, he makes financial literacy accessible to everyday Americans. About our editorial team.

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