Business & equipment
Equipment Financing
Equipment financing spreads the cost of business machinery or vehicles over time. A loan and a lease can produce similar monthly payments while giving you different ownership rights, payoff terms and end-of-term obligations.
Who it fits
Operating businesses acquiring eligible equipment for productive use, from construction and medical equipment to manufacturing machinery.
Work through the numbers
A practical example
Illustration: two equipment quotes show the same monthly payment, but one ends with ownership and the other requires a purchase option payment. Compare total scheduled payments, upfront charges and the ending obligation together.
What to have ready
- Vendor quote with equipment description, age and price
- Business ownership, operating history and bank statements
- Financials or tax returns when required by the lender
Questions, answered.
Start with the financing mechanics, then look at the details that can change your actual terms.
Should I choose a loan or a lease?
Start with how long you expect to use the asset and whether you want to own it at the end. Compare total cost, maintenance responsibilities, early payoff terms and purchase options. Your accountant can assess tax treatment for the actual contract.
Can I finance used equipment?
Potentially. Age, condition, useful life, resale market and seller documentation affect eligibility. A specialist machine with limited resale demand may receive different terms from a widely traded truck or excavator.
Does 100% financing include delivery and installation?
Not necessarily. The approved advance may apply only to eligible equipment cost, while freight, taxes, installation or other soft costs may be treated differently. Request an itemized funding schedule and a total amount due at signing.
Can a new business qualify?
Some funding sources consider newer businesses, but operating history, owner credit, liquidity and the asset itself can become more important. A startup should be ready to explain the use of the equipment and how it will generate repayment cash flow.
Can I pay off the equipment early?
Check the contract. Some structures do not reduce total cost the same way as a conventional amortizing loan, and lease termination can have separate rules. Ask for a sample early payoff calculation before comparing quotes.
Will I need a personal guarantee?
It depends on the lender, business strength and transaction. Financing in a company name does not establish that the obligation is non-recourse. Review both the borrower and guarantor requirements before signing.
What should I send CommFi to evaluate my scenario?
Start with the property or equipment details, transaction amount, intended use and timing. Include the documents listed above when available. CommFi can then assess the financing route and request scenario-specific terms. A pre-qualification is preliminary; appraisal, documentation and final lender approval can change the result.
Program references
Published references checked September 26, 2026. Third-party examples describe market programs and do not establish a CommFi lending relationship or guarantee availability.
Headline terms are illustrative best-case program features for qualified scenarios, not a loan offer or a confirmed CommFi lender commitment. Availability, proceeds and pricing depend on the lender, borrower, collateral and final underwriting. Maximum leverage, lowest pricing and fastest closing may not be available together.