Equipment Financing & Leasing

Upgrade your equipment and free up working capital in the process

How Equipment Financing Funding Can Work for You

We know sometimes getting the right equipment for your business may require additional working capital. Our equipment financing funding help businesses get the equipment they need.

 

Equipment Financing Options

• Get up to $150,000 for equipment that’s crucial for running your business
• Lease new or pre-owned equipment

Improve Efficiency

• Improve your business efficiency with new equipment
• Get equipment financing without a significant outlay of money

No Limitations

• Lease about any type of new or pre-owned equipment
• You decide what equipment your business really needs

Quick, Painless Process

• Hold onto hard-earned cash for use in other parts of the business
• Flexible payment options are available

Equipment Financing & Leasing Details

Your business can’t move forward if you don’t have the right equipment. From heavy equipment like forklifts to large medical equipment, having the equipment you need is a necessary part of your business. Don’t be deterred by the huge cost of equipment. With equipment financing and leasing, you can get up to $150,000 in funding for financing your new or used business equipment. With our Lowest Payment Guarantee and no down payment requirement, we cost you less. Our dedicated funding Specialists will work to get you a quick approval on virtually any type of equipment. They will then find the payment option that’s best for you.

Qualifications for Equipment Financing and Leasing

6 months
in business

FICO score
over 575

Equipment quote
from a vendor

How to Apply

Applying for equipment financing from Formula1 Capital is easy. Simply fill out our quick and easy online application and one of our friendly funding specialists will contact you to learn more about your business. Your funding specialist can help you decide which financing option is a good fit for your business regardless of whether you need a business funding for bad credit or equipment financing. Once you apply for equipment financing, you’ll receive an answer in as little as 24 hours.

or Call
(800) 218-0203

Types of Equipment Financing

Commercial Fleet Vehicles
Medical Equipment
Dental Practice Funding
Medical Practice Funding
Office Equipment
Construction Equipment

Why Formula1 Capital?

No matter what industry you’re in, we understand that you need equipment for your business.
With a friendly, custom-tailored approach for your unique business, we deliver the equipment financing you need.

We Know Businesses

We’ve supported thousands of businesses
just like yours to finance equipment needs

Trusted by Businesses Like Yours

Our industry experience spans from
construction companies and farms to
restaurants and retail stores

Personalized Experience

Customized equipment financing to get
your business the equipment it needs with
simple, convenient payment options

Fast & Easy Application Process

No-cost, no-obligation application with a
decision in as little as 24 hours.

Funding Specialists Who Care

Experienced funding Specialists help you make
the right decision

Preserve Cash

Hold on to more of your hard-earned cash
for use in other parts of the business

FAQ: Equipment Financing

Equipment financing is the process of obtaining business equipment using a funding or lease. Equipment financing funding allow you to purchase the equipment with payments made over time, similar to using an auto funding to buy a personal car. Equipment leasing, on the other hand, gets you the equipment you need without the intention of owning it. You’ll make a regular lease payment to continue using the equipment as if it were your own. When the lease is up, you can give the equipment back or renew the lease. Sometimes you may have options for purchasing the equipment at the end of the lease.

 

Equipment financing works by providing you with the equipment your business needs for a periodic payment which includes interest. After the set term of months for your funding or lease is over, you’ll either own your equipment outright or will need to make a decision about your lease. Generally, you can renew your lease if the equipment is in good condition and still helpful to your business. You can finance almost any type of major equipment your business needs to run smoothly, expand and maintain competitiveness.

 

Securing financing for business equipment might seem daunting. If you try to get a funding from a traditional lender like a bank or credit union, it can be. Depreciation on equipment usually makes traditional lenders wary of lending large sums for businesses to purchase equipment.

However, alternative lenders usually provide customized financing solutions for your equipment needs. At Formula 1 Capital, we can help you design an equipment funding or lease program for business equipment up to $150,000. We don’t require a down payment and our equipment financing is available for new or pre-owned equipment.

 

You may be able to finance equipment for a short period of time or even as long as a decade plus. The specific length of your equipment financing term depends on several factors. If you’re purchasing expensive equipment with a funding, you may need to make payments for several years. On the other hand, if you’re leasing equipment with a fast depreciation, you may only want to lease it for a couple of years.

 

Many business owners find they can save money both on the cost of business equipment and taxes by financing equipment and taking the Section 179 deduction. Using the Section 179 deduction in combination with equipment financing can have added value. If your equipment qualifies, you could save money now on your taxes by deducting up to 100% of your equipment cost. You’ll also be protecting your cash reserves by making periodic payments for the equipment instead of purchasing outright. Depending on the equipment, combining financing with the Section 179 deduction could greatly help your bottom line.

 

Financing your heavy equipment is a great way to make expensive machinery and tools more affordable for your business. You can finance heavy equipment by using a purchasing funding or equipment lease. To start the financing process, you’ll need to find a lender and apply for financing. You may have more difficulty getting equipment financed through banks or other traditional lenders. An alternative lender like Formula1 Capital offers higher approval rates and customized financing options tailored to your business needs.

 

Running a farm or custom application business is hard work, and having the proper equipment in good repair is absolutely essential to success. Luckily, it’s easier than ever to secure financing for farm equipment like tractors, combines or sprayers. By working with an alternative lender, you’ll have a higher chance of your application being approved. At Formula1 Capital, we have experience setting up customized farm equipment lease and funding programs for farms of all sizes. Apply today to get started financing farm equipment.