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Ir a la versión en español
Call Now: (844) 501-8662
Credibly Logo
Credibly Logo
Credibly Logo
Get Started

Equipment financing calculator*

Estimate how much you could pre-qualify for.***

Equipment Financing Calculator
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Your Estimated Payment Details

*This calculator is for general information purposes only. Inaccurate information will produce inaccurate results. Using this calculator does not guarantee you or your business financing.
**Based on the industry average. Actuals may vary. Assumes timely payments on each due date.
***No downpayment required.

Unlock business potential with strategic financing.

Don’t wait – secure up to $600,000 in equipment financing today.

Pre-Qualify Now
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Four easy steps to equipment financing

Once you find out how much you could qualify for with our equipment financing calculator, explore your options. The upside? You won’t hurt your credit score.

Pre-qualify online

Hit “Get Started” to check if you pre-qualify for equipment financing.

2

Gather the following documents:

  1. 3-4 months of bank statements
  2. A government-issued ID.

Get approval in as little as 4 hours.

Submit your application and get approved in as little as 4 hours.

Get fast funding.

Once approved, have your funds in your account faster than a traditional bank loan.

Get Started
Equipment Financing Calculator

Here’s what to know about our equipment financing calculator

Here’s how to use our commercial equipment loan calculator

Enter the amount

Input the amount you need in the “Financing Amount” field. Adjust the slider or type the value.

Choose your term length

Select the repayment period by adjusting the slider or entering the number.

Check your estimated payment

The calculator will show your estimated payment based on the financing amount, a preset factor rate, and the term length. 

Once you get your estimate, get started by pre-qualifying online.

Once you pre-qualify and provide the required documents, our U.S.-based financing team will provide guidance on the next steps.

How this works

Equipment financing is a type of financing designed specifically to help businesses acquire equipment they need to operate or grow.

This allows businesses to get the machinery they need without paying the full cost up front.

The equipment then serves as collateral for the financing–meaning, if you were unable to repay the loan, the lender could seize the equipment.

What’s covered under our equipment loan payment calculator

Looking at used equipment or heavy equipment? Worried that this calculator won’t work for what you’re looking at buying? Here’s what you should know.

Heavy equipment 

With our heavy equipment financing calculator, we treat heavy equipment the same as any other asset you’d need to support the way you do business—whether it’s a backhoe loader or an asphalt paver.

When you input your information, the calculator will show you your payments and rates.

Commercial equipment

The cost of a commercial kitchen can run up to $200,000. Maybe you’re not ready to pay for all of that upfront just yet.

Just like with heavy equipment, you can treat this tool as your own commercial equipment loan calculator. Working in construction or food service? We’ll get you the financing answers you need.

Used equipment

Though there’s been a 13% decrease in the cost of used heavy equipment in the past year, much equipment, no matter if it’s heavy, commercial, or otherwise, can still be expensive.

If you’re interested in buying used equipment outright, that’s where this tool can serve as your used equipment financing calculator. Excavators, forklifts, you name it.

How equipment financing can get you where you need to go

Equipment financing can completely change the way you do business. 

Here’s how it can drive your growth:

  • Get the gear you need: Finance the crucial equipment your business needs without the hefty upfront cost.
  • Favorable terms: Access better rates and repayment terms compared to other financing options.
  • Easy qualification: Secure financing more easily by using your new equipment as collateral. Improve your chances of approval, even if your credit history isn’t perfect
Commercial equipment loan calculator
Equipment Financing Calculator

Alternatives to equipment financing

If you’ve taken a look at our equipment loan calculator and are looking for other financing options, take a look at the following.

Business line of credit: Tap into fast funding up to your credit limit for short-term needs. Only pay interest on what you use.

Merchant cash advance: This covers fast funding based on future sales. Receive up to $600,000 with flexible remittances tied to daily credit and debit card sales.

Long-term loans: These are perfect for large-scale growth plans like opening new locations or launching products.


Working capital loans: Access up to $600,000 to keep your business moving. Factor rates start as low as 1.11.

Approval

as fast as 2 hours

Funding

as fast as 4 hours

$2.5+

Billion in financing

50,000+

Small businesses financed

Get in touch with our financing experts.

 

*This calculator is for general information purposes only and assumes a preset factor rate. Inaccurate information will produce inaccurate results. Using this calculator does not guarantee you or your business a small business loan. 

Terms of actual financing may vary.

**Some products are made available through Credibly’s network of external funding partners.