Michigan equipment loans for small businesses

Need machines, tools, or tech to keep your business running strong? Get started right now. Apply online and get access to business-ready capital without the delays or stress.

Equipment Financing in Michigan

Get the capital you need with equipment financing in Michigan

You might qualify today

Fill out the short application and find out fast.

Keep your cash, grow your business

With flexible options and competitive pricing, you can get the gear you need while keeping your budget in check.

No long waits

Once approved, funds go straight to your business account.

Request a quote

Dependable equipment loans in Michigan

Strategic equipment financing solutions

Capital, when you really need it

Whether you run a coffee shop or a construction company, your products and services depend on having the right tools.

  • Get the equipment you need to succeed without hurting cash flow.
  • Use the equipment as collateral for the loan.
  • Help your business thrive in a competitive industry.

How Credibly can help you with equipment financing

Flexible business equipment loan rates and terms

We’ve made the approach simple, straightforward, and transparent to obtain equipment financing with competitive rates and flexible terms.

  • Enjoy the best small business equipment loan rates on the market.
  • We provide the widest arrays of loan programs.
  • Take advantage of a heavy equipment loan for a major purchase.

How to get equipment financing in Michigan

Step 1
Apply online

Click "Get Started" to apply for financing.

Step 2
Gather required documents

We require certain documents from you in the approval process. Be ready with bank statements and a government-issued ID to get started.

Step 3
Approval in as little as 2 hours

Your application will be reviewed and you can get approved in as fast as 2 hours.

Step 4
Receive same-day funding

If approved, your requested financing can be transferred to your bank account as soon as the same business day.

What our customers say about our equipment financing in Michigan

What customers say about our small business loans

Other financing options*

Line of credit

Draw as you need and only pay for what you use.

Working capital loan

Always have enough cash flow to seize any opportunity.

Long-term loan

Longer-term funding to help you reach the next stages of growth.

All financing options

Still looking for the right fit? Check out all of Credibly's business financing options.

Why businesses turn to Credibly for equipment financing

  • Quick online application takes only a few minutes.
  • Direct deposit to your business account after approval.
  • Easy, secure, and designed to support small business owners.
  • Transparent terms and competitive rates that work in your favor.
Equipment Financing in Michigan

Small business financing in Michigan---The Credibly difference

Credibly
Bank Loans
Credit Cards
SBA Loans
Funding Range
$5K-$600K
$100K
Credit dependent
Credit dependent
Process
Pre-qualify online
Soft credit pull only
Long application, credit inspection, business plan, and industry risk
Prequalify online
Soft credit pull only
Long application, credit inspection, business plan, and industry risk
Approval Time
Approval in as fast as 2 hours
Weeks-Months
Less than 30 Days
Months
Time to Funding
as fast as 4 hours
2-3 Months
7-10 Business days
60-90+ Days
Approval Criterias
Overall business health
Credit score and collateral
Credit score
Credit score and collateral

FAQs about equipment financing in Michigan

What types of equipment can I get financing for?

You can apply for financing on just about anything your business relies on to run or grow. Here are some common examples:

  • Medical equipment and devices
  • Construction or industrial equipment
  • Carpentry workbenches and tools
  • Commercial-grade kitchen appliances
  • Office furniture
  • Computer software for operations use
  • Devices for office or business use
  • Company vehicles used for transporting goods or employees
  • Food trucks
  • Farm machinery

Is used equipment eligible for financing?

Yes, many providers allow financing for used items. That said, the decision depends on the condition of the equipment and the lender's standards.

Used gear in good shape can be easier to approve, especially if it still holds value. The better it looks on paper, the smoother the process.

What should I prepare before applying?

To speed things up, have your paperwork ready. Lenders usually ask for:

  • Business credit score/credit history
  • Personal credit score
  • Financial statements
  • Business plan
  • Tax history
  • Information about the equipment to be financed (new/used, age, type of equipment, lifetime value, etc.)
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*Some products made available from Credibly’s funding partners.