Up to $5 million, with bad-credit options
Finance equipment ranging from a single $10,000 commercial oven to a full $5 million fleet of construction machinery. Flexible loan amounts matched to your exact equipment needs.
Our streamlined approval process eliminates weeks of waiting. Receive a decision within 24 hours and get funded in as few as 5 business days.
No additional collateral requirements, lower interest rates, and easier qualification -- even for business owners with credit scores as low as 500.
Thousands of business owners have come to rely on REIL Capital for their equipment financing needs. Why? We deliver fast funding, work with a range of credit profiles, and offer clear terms—benefits that traditional banks just don't provide.
Equipment financing is specifically crafted to assist businesses in purchasing, upgrading, or replacing equipment and machinery. Instead of dealing with the full cost upfront, you can spread the expense over a fixed term, usually spanning 1 to 7 years, with steady monthly payments. The loan is secured by the equipment itself.
What qualifies for this type of financing? Just about any equipment integral to business operations. Think construction machinery, commercial vehicles and trucks, medical and dental equipment, restaurant and kitchen gear, HVAC systems, manufacturing machinery, tech and IT infrastructure, agricultural tools, and even salon or spa equipment. Both new and pre-owned equipment are eligible.
Our streamlined application and approval process eliminates the weeks of back-and-forth typical of traditional bank financing. From application to funding in as few as 5 business days, so you can acquire equipment when the opportunity is right.
Every equipment financing agreement includes a clear term sheet that spells out your rate, payment amount, total cost, and repayment schedule. No origination fees hidden in the fine print. No prepayment penalties on most programs.
Equipment financing spreads the cost of major purchases over 1 to 7 years instead of requiring a lump sum. This preserves your working capital for payroll, inventory, marketing, and other operating expenses that keep the business running.
Equipment financing helps you get essential gear without draining your working capital. How does it stack up? Check out how it compares to other business financing products like bridge loans, lines of credit, and SBA funding.
If your credit score is less than stellar, don't worry; you can still secure the equipment your business requires. Equipment financing with bad credit remains an option because the equipment itself acts as collateral, which helps ease the lender's concerns.
Unlike unsecured loans that live and die by your credit score, equipment loans are backed by the asset you're buying. This makes it possible for lenders to say "yes" even if your credit score hovers around 500.
Reil Capital partners with borrowers across the credit spectrum. Instead of just fixating on your FICO score, we evaluate your business's revenue, how long you've been operating, and the value of the equipment.
Applying for equipment financing with REIL uses only a soft credit pull, so checking your options won't affect your credit score. Because the equipment itself serves as collateral, approval leans more on its value and condition and your business revenue than on personal credit — a strong fit for owners with solid revenue but lower credit scores. A hard credit inquiry happens only if you accept a final offer.
These programs often fund items like heavy equipment, commercial vehicles, restaurant gear, medical devices, construction machinery, and manufacturing equipment. Funding can reach up to $500,000, depending on the equipment type and your business revenue.
Why wait? Apply with REIL Capital and get a decision fast — most applications are reviewed within just 24 hours.
Heavy equipment financing is a game-changer for construction companies, mining operations, agriculture businesses, and logistics firms looking to get their hands on excavators, bulldozers, cranes, tractors, and other costly machinery without shelling out huge amounts upfront.
We can fund heavy equipment transactions up to $5M. This includes excavators, loaders, dozers, cranes, dump trucks, concrete equipment, paving machines, drilling rigs, and more. Both new and used equipment are eligible. Our financing terms range from 2 to 7 years, and you'll find our rates competitive.
Deciding whether to lease or buy equipment hinges on a few key factors: the duration of use, depreciation rate, and your company's cash flow strategy. Both leasing and purchasing have their perks, and businesses often mix and match these options based on their needs.
REIL Capital provides both equipment financing and leasing options. Our advisors are ready to guide you in evaluating the total cost of ownership versus leasing. This way, you can decide on the path that aligns best with your cash flow and growth strategies.
Equipment financing for startups is often easier to secure than many new entrepreneurs think. Why? The equipment itself acts as collateral, reducing lender risk. This means that even startups without lengthy track records can still get their hands on the machinery, vehicles, or technology they need to get going.
Here's the thing: equipment financing is asset-backed, unlike unsecured business loans that hinge solely on revenue history and credit scores. If a startup fails to pay, the lender has the option to reclaim the equipment. Because of this built-in safety net, approval is more about the equipment's value and your business plan than how long you've been up and running.
Equipment leases can often be the quickest route for startups. They require less money upfront and come with lower monthly payments than traditional loans. But don't overlook SBA 7(a) loans either. They offer competitive rates for qualifying startups eager to buy equipment. With Reil Capital, even businesses as young as 6 months can explore their options. Apply online and find out what you might qualify for.
Opting for used or refurbished equipment can slash your business costs by 30-60% compared to buying new. The great news? You can get financing for pre-owned equipment just as you would for brand-new items. For many sectors, used equipment offers the same operational effectiveness but at a significantly reduced price.
Here's the thing: Lenders determine financing terms based on the current fair market value of the equipment, not what it originally cost. An independent appraisal or the equipment's orderly liquidation value (OLV) sets your loan ceiling — usually 80-100% of the appraised value. Equipment in solid condition from trusted dealers or manufacturers tends to get the best rates.
Reil Capital offers financing for both new and used equipment up to $5 million. Just provide your equipment details with your application, and we'll give you a funding estimate in no more than 24 hours.
Before diving into equipment financing, it's key to figure out your estimated monthly payment. Doing this helps you manage your budget and weigh your options across various lenders.
Monthly payment = Loan Amount × [Rate × (1 + Rate)^Term] / [(1 + Rate)^Term - 1]. In this formula, Rate is your monthly interest rate (annual rate ÷ 12), and Term represents the total number of monthly payments. So, what does this look like in action?
| Equipment Cost | Down Payment | Loan Amount | Rate (APR) | Term | Monthly Payment |
|---|---|---|---|---|---|
| $25,000 | $0 | $25,000 | 10% | 3 years | ~$807 |
| $100,000 | $10,000 | $90,000 | 8% | 5 years | ~$1,824 |
| $500,000 | $50,000 | $450,000 | 7% | 7 years | ~$6,804 |
Looking for a tailored quote based on your equipment and credit details? Try our funding calculator or apply online to get a personalized rate from Reil Capital.
