How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Here are 7 equipment leasing companies
Lender | NerdWallet Rating▼ | Max loan amount▼ | Min. credit score▼ | Next steps |
---|---|---|---|---|
National Funding - Equipment Financing with Fundera by NerdWallet | 4.2/5 Best for Startup businesses | $150,000 | 600 | with Fundera by NerdWallet |
Triton Capital - Equipment financing | 4.1/5 Best for Restaurant, technology and medical leasing | $250,000 | 575 | with Fundera by NerdWallet |
JR Capital Equipment Financing | 4.1/5 Best for Equipment leasing with no down payment | $10,000,000 | 620 | with Fundera by NerdWallet |
Taycor Financial Equipment Leasing | Best for Borrowers with bad credit | $5,000,000 | 550 | |
First Citizens Bank Equipment Financing | Best for Heavy equipment leasing | Undisclosed | 640 | |
Crest Capital Equipment Leasing | Best for Fast equipment leasing | $1,000,000 | 650 | |
Wells Fargo Commercial Equipment Financing Read Review | Best for Established businesses | Undisclosed | 700 | Read Review |
Here are 7 equipment leasing companies
Best for Startup businesses
Best for Restaurant, technology and medical leasing
Best for Equipment leasing with no down payment
Best for Borrowers with bad credit
Max Amount
$5,000,000
Min. Credit Score
550
Best for Heavy equipment leasing
Max Amount
Undisclosed
Min. Credit Score
640
Best for Fast equipment leasing
Max Amount
$1,000,000
Min. Credit Score
650
Best for Established businesses
I'M INTERESTED IN:
Our pick for
Startup businesses
You may be able to qualify for equipment leasing from National Funding with just six months in business.
National Funding - Equipment Financing
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing.
National Funding - Equipment Financing
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing.
Qualifications:
- Minimum credit score: 600.
- Minimum time in business: Six months.
- Minimum annual revenue: $250,000.
Our pick for
Restaurant, technology and medical leasing
Triton offers equipment leases up to $250,000 which can be well-suited for small businesses in a variety of industries.
Triton Capital - Equipment financing
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Triton Capital - Equipment financing
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Qualifications:
- Minimum credit score: 580.
- Minimum time in business: Two years.
- Minimum annual revenue: $150,000.
Our pick for
Equipment leasing with no down payment
You can lease a wide range of used and new equipment with JR Capital, no down payment required.
JR Capital Equipment Financing
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
JR Capital Equipment Financing
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
Qualifications:
- Minimum credit score: 620.
- Minimum time in business: Typically two years, but can prioritize industry experience in some cases.
- No minimum annual revenue requirement.
Our pick for
Borrowers with bad credit
Taycor Financial can provide equipment leasing to borrowers with a minimum credit score of 550 or higher.
Taycor Financial Equipment Leasing
Pros
- Equipment leases with customizable terms, structures and even payment deferral options.
- No prepayment penalties; savings available for paying early.
- Smaller funding requests and well-qualified customers are eligible for a streamlined, one-page application process.
Cons
- Interest rate information not available on website.
Taycor Financial Equipment Leasing
Pros
- Equipment leases with customizable terms, structures and even payment deferral options.
- No prepayment penalties; savings available for paying early.
- Smaller funding requests and well-qualified customers are eligible for a streamlined, one-page application process.
Cons
- Interest rate information not available on website.
Qualifications:
- Minimum credit score: 550.
- Minimum time in business: Typically two years, but Taycor has a new business program for companies with less than two years in operation.
- Minimum annual revenue: $100,000.
Our pick for
Heavy equipment leasing
First Citizens Bank offers customizable equipment leasing options, including a specialized program for heavy trucks, trailers or tractors.
First Citizens Bank Equipment Financing
Pros
- Competitive rates and terms.
- Loan or lease terms can be structured to meet specific tax or accounting needs.
- Funding available as fast as one day.
Cons
- Loan payments and other services may not be available at branch locations.
First Citizens Bank Equipment Financing
Pros
- Competitive rates and terms.
- Loan or lease terms can be structured to meet specific tax or accounting needs.
- Funding available as fast as one day.
Cons
- Loan payments and other services may not be available at branch locations.
Qualifications:
- Minimum credit score: 640.
- Minimum time in business: Two years.
- Minimum annual revenue: Undisclosed.
- Must have a tax identification number.
Our pick for
Fast equipment leasing
With Crest Capital, you can lease new or used equipment and receive funding in as little as 24 hours.
Crest Capital Equipment Leasing
Pros
- Several different options for equipment leases.
- Customized payment structures available.
- Can fund applications in as little as 24 hours.
Cons
- Interest rate information not available on website.
- Startups and borrowers with bad credit can’t qualify.
Crest Capital Equipment Leasing
Pros
- Several different options for equipment leases.
- Customized payment structures available.
- Can fund applications in as little as 24 hours.
Cons
- Interest rate information not available on website.
- Startups and borrowers with bad credit can’t qualify.
Qualifications:
- Minimum credit score: 650.
- Minimum time in business: Two years.
- Minimum annual revenue: Undisclosed.
- Must be a profitable company with no previous bankruptcies.
Our pick for
Established businesses
Wells Fargo can provide a specialized lending experience for established businesses with strong credit.
Wells Fargo Commercial Equipment Financing
Pros
- Offers lease options in a diverse array of industries.
- Can provide specialized customer experience.
Cons
- Qualification requirements and interest rate information not available on website.
- Will likely have to visit a branch location to apply.
Wells Fargo Commercial Equipment Financing
Pros
- Offers lease options in a diverse array of industries.
- Can provide specialized customer experience.
Cons
- Qualification requirements and interest rate information not available on website.
- Will likely have to visit a branch location to apply.
Qualifications:
- Wells Fargo does not specify qualification requirements on its website, but like all bank financing products, you’ll likely need to meet strict eligibility criteria to qualify.
How to choose an equipment leasing company
Funding availability
Cost of borrowing
Repayment terms
Lease options
Qualification requirements
Speed of funding and application process
Industry and customer experience
Frequently asked questions
Methodology
Wondering if you qualify?
It’s possible to get a business loan even if you have bad credit. Bad-credit business loans are available from alternative sources, like online or nonprofit lenders.