Acquire the Equipment Your Business Needs
Every growing Dallas business eventually needs to invest in equipment. Whether it’s construction machinery, commercial vehicles, restaurant equipment, or manufacturing tools, equipment financing helps you acquire what you need without depleting your cash reserves.
How Equipment Financing Works
Equipment financing uses the equipment itself as collateral for the loan or lease. This makes it one of the most accessible forms of business financing:
- Identify the equipment you need and get a quote from the vendor
- Apply for financing with details about the equipment and your business
- Choose your structure - loan (ownership) or lease (flexibility)
- Receive approval and complete the purchase
- Make payments over the term while using the equipment
Because the equipment secures the financing, approval is often easier than unsecured business loans.
Equipment Loan vs. Equipment Lease
Choosing between a loan and lease depends on your business needs and financial goals. For a detailed comparison, see our guide on equipment loan vs lease: which is better.
Equipment Loan
Best for: Equipment you’ll use long-term, want to own outright, or want to claim depreciation on.
- Build equity as you make payments
- Own the equipment at the end of the term
- May qualify for Section 179 deduction
- Typically higher monthly payments than leases
- Equipment appears on your balance sheet
Equipment Lease
Best for: Technology that becomes outdated, equipment you may want to upgrade, or when lower payments are priority.
- Lower monthly payments
- Flexibility at lease end: return, buy, or upgrade
- Payments often fully deductible as business expense
- Preserve capital for other investments
- Various lease types: capital lease, operating lease, fair market value
Types of Equipment We Finance
Our equipment financing covers virtually any business equipment:
Construction & Heavy Equipment
- Excavators, loaders, bulldozers
- Cranes and aerial lifts
- Concrete equipment
- Dump trucks and trailers
Commercial Vehicles
- Box trucks and delivery vans
- Tractor-trailers
- Service vehicles
- Specialty vehicles
Manufacturing Equipment
- CNC machines
- Production lines
- Industrial robotics
- Fabrication equipment
Medical & Dental Equipment
- Diagnostic imaging
- Patient care equipment
- Dental chairs and tools
- Lab equipment
Restaurant & Food Service
- Commercial kitchens
- Refrigeration units
- Point of sale systems
- Furniture and fixtures
Technology & Office
- IT infrastructure
- Software (certain programs)
- Communication systems
- Office equipment
Section 179 Tax Benefits
One of the biggest advantages of equipment financing is the potential for Section 179 tax deductions. This IRS provision allows businesses to deduct the full purchase price of qualifying equipment in the year of purchase.
2024 Section 179 Limits:
- Maximum deduction: $1,160,000
- Equipment purchase limit: $2,890,000
- Applies to new AND used equipment (new to you)
Example: Purchase $200,000 in equipment, deduct $200,000 from taxable income. At a 25% tax rate, that’s $50,000 in tax savings.
Consult your tax advisor to understand how Section 179 applies to your specific situation. Read our complete Section 179 tax deduction guide for more details.
What You Need to Qualify
Equipment financing requirements vary based on equipment type and amount:
For amounts under $150,000:
- Minimum 2 years in business (1 year for some equipment types)
- Minimum 600 credit score
- Basic business financials
For larger amounts:
- More detailed financial documentation
- Possibly personal financial statements
- Stronger credit profile preferred
The equipment itself provides collateral, which often reduces other requirements compared to unsecured financing.
New vs. Used Equipment Financing
We finance both new and used equipment:
New Equipment:
- Latest technology and features
- Full manufacturer warranty
- Longest financing terms available
- Easier resale value estimation
Used Equipment:
- Lower acquisition cost
- Depreciation already absorbed
- Good option for established equipment types
- Terms may be shorter than new
For used equipment, we typically require a professional appraisal for larger amounts to confirm value.
The Equipment Financing Process
- Consultation - Tell us about your equipment needs and business situation
- Documentation - Provide basic business information and equipment details
- Approval - Receive approval and review your financing options
- Vendor Coordination - We work with your equipment vendor on purchase
- Closing - Complete paperwork and receive your equipment
- Repayment - Make regular payments over your chosen term
Get Started Today
Ready to acquire the equipment your Dallas business needs? Our equipment financing specialists can help you explore options for any equipment type.
Whether you’re replacing aging equipment, expanding capacity, or starting a new venture, we’ll find the right financing structure for your situation.