You need to add equipment to your business but don’t want to tie up your capital. Equipment finance is available with little to no down. Also, with equipment financing, there are potential tax advantages. Section 179 deduction allows small businesses to write-off up to $500,000 in qualifying equipment in the year in which it is purchased.
Equipment financing helps you finance up to 100% of the new or used equipment you need for your business. Applying for an equipment loan is typically a fast and easy way to finance the purchase of most types of equipment—computers, machinery, vehicles, or whatever else you need.