Equipment Financing
Finance the equipment your business needs to grow
$25K – $5MFunding Range
Within 15 daysSpeed
Finance the equipment your business needs to grow
Equipment financing lets you acquire the machinery, vehicles, technology, or tools your business needs without depleting your cash reserves. The equipment itself serves as collateral, which means you don’t have to tie up other assets or credit lines. Whether you’re buying new or used equipment, Bay Street connects you with lenders who specialize in your industry and understand the assets you’re purchasing. We structure deals that preserve your liquidity while giving you the equipment you need to compete.
The asset you’re financing serves as the collateral, so you don’t need to pledge additional business or personal assets.
Instead of a large upfront purchase, spread the cost over 2–7 years with predictable monthly payments that match your budget.
Equipment financing may qualify for Section 179 deductions, allowing you to deduct the full purchase price of qualifying equipment in the year of purchase.
Manufacturing machinery, Commercial vehicles & fleets, Medical or dental equipment, Restaurant equipment, Construction equipment, and Technology & IT infrastructure.
Don’t meet every requirement? Apply anyway — we evaluate the full picture.
Get an instant estimate, talk to a specialist, or jump straight to the application. No credit pull, no obligation — all three are free.
Share the equipment details — type, vendor, price — and we’ll match you with lenders who specialize in your equipment type.
Equipment financing approvals typically come within 24–48 hours. We handle the paperwork and vendor coordination.
Once approved, funds go directly to the vendor. You get your equipment and start using it immediately.
Yes. Bay Street works with lenders who finance both new and used equipment. Used equipment may require an appraisal, and the terms may vary slightly from new equipment financing.
Nearly any business equipment can be financed: vehicles, machinery, medical equipment, restaurant equipment, IT hardware, construction equipment, and more. If it’s a tangible asset your business needs, we can likely finance it.
Many equipment financing programs require zero down payment. Some may require 10–20% depending on the equipment type, your credit profile, and the lender.
Equipment financing rates typically range from 6% to 22% APR depending on your credit profile, time in business, and the equipment being financed. Strong profiles often qualify for single-digit rates.
Because the equipment itself serves as collateral, requirements are lighter than unsecured debt: most lenders look for 1+ year in business, $15K+/month revenue, and a 600+ FICO, plus a vendor quote or invoice for the equipment. Newer businesses and 550–600 credit can still qualify with a larger down payment or stronger equipment collateral. Bay Street shops one application across 50+ equipment lenders — bank, captive, and specialist — so what matters is which lender best fits your equipment type and profile.
Equipment financing is one of the faster business finance products: a clean application with a vendor quote and 3 months of bank statements can fund in as little as 1–3 business days, and most deals close within about two weeks. Speed depends on the lender category — specialist and online equipment lenders move fastest, while banks take longer in exchange for the lowest rates. Because the equipment secures the loan, underwriting is simpler than unsecured financing.
Yes — Bay Street finances virtually every commercial category: manufacturing machinery and CNC equipment, heavy and construction equipment (excavators, loaders, cranes), transportation and trucking equipment (Class 7–8 trucks, trailers, reefers), medical and dental equipment, restaurant equipment, and IT hardware. New and used both qualify, from $25K to $5M, with the equipment as collateral. Industry-specialist lenders in our network often price a specific equipment type better than a generalist bank.
One application, no credit impact, and a dedicated specialist to walk you through your options. See what you qualify for in minutes.