Equipment Financing

Get the Equipment You Need to Continue Growing Your Business!

Compare your options with our equipment loan calculator.

Use the slider based on how much funding you need.
Amount Needed
$3,000,000
Estimated monthly payments
For 12 months
$299,999
For 24 months
$299,999
For 36 months
$299,999
For 48 months
$299,999
For 60 months
$299,999
*Our minimum term for equipment financing is 12 months. Payments above are based on a 6% rate, actual rates may vary based on credit score and loan size. $10K min & $500mm max loan amount per piece of equipment. If you have any questions, please contact us at 855-217-3790.

Why Take Advantage of Equipment Financing?

Paxton Martin Finance provides hassle-free Equipment Financing, designed to simplify your financing needs. Say goodbye to tedious financial statements as our programs eliminate that requirement for most amounts. Backed by an ample capital source, our flexible process offers you peace of mind.

We prioritize your time by providing streamlined processing and delivering accurate documentation without any last-minute delays or broken promises. Discover a better way to finance your equipment needs.

  • 100% Financing for All Qualified Business Equipment

  • Competitive Pricing and Terms to Fit Your Needs

  • Tax-Free Loan Payments if the Supplier/Equipment Vendor is not Required to Collect Tax

  • Early Buyout Discounts Available

  • No Down Payment Necessary

  • Deferred/Seasonal Payment Schedules Available

  • Customized leases and loans from $10,000 to $500 million 

  • Brand New or Used Equipment Financing


Equipment Finance Options

  • Equipment Finance Agreement (EFA)

  • Equipment Leasing Solutions

  • EFA + Working Capital

  • Rental Inventory

  • Startup/New Business EFA

  • Reimbursement for Past Equipment Purchases

  • Sale Leasebacks

  • Refinancing

  • Deferred Payment Programs

  • Vendor Financing

  • Private Party Seller EFA

At Paxton Martin Finance, we recognize the significance of equipment acquisition for your business. Our dedicated team thoroughly assesses your individual circumstances, taking into account your goals and objectives. We then tailor an equipment finance program that precisely aligns with your requirements.

Regardless of whether you make equipment purchases on a monthly or annual basis, you can rely on Paxton Martin Finance for consistent and trustworthy service.


why a business might need Equipment Financing?

Businesses often require various types of equipment, ranging from office supplies to software, to support their operations. However, the acquisition costs of such equipment can be substantial, potentially straining the business's working capital. Fortunately, equipment financing offers a solution. By securing equipment loans, businesses can access the necessary equipment without incurring significant upfront expenses.


Benefits of Equipment Financing

While most business loans require borrowers to provide valuable assets as collateral, equipment loans leverage the equipment itself as collateral. This aspect proves beneficial, particularly for small businesses that may not possess the traditional collateral assets sought by lenders. With equipment financing, lenders exhibit more flexibility when evaluating applicants, placing less emphasis on the business's credit score.

Consequently, younger companies stand an equal chance of approval as their more established counterparts. Furthermore, the application process for equipment financing involves less paperwork compared to regular business loans, resulting in quicker approval times. The terms offered in equipment financing are flexible, based on the expected lifespan of the equipment being financed. This allows businesses to align the loan duration with the useful life of the equipment.


Difference Between Equipment Financing and Equipment Leasing

The terms "equipment financing" and "equipment leasing" are occasionally used interchangeably, but they represent distinct concepts. Equipment financing enables you to become the owner of the equipment once the term ends. On the other hand, equipment leasing entails making regular payments to utilize the equipment for a limited duration. This fixed time period makes leasing a cost-effective choice when you require equipment temporarily. Conversely, equipment financing is more suitable for long-term, essential equipment needs of your business. We offer both options and provide clients with information on how either one will benefit their business more than the other. See below for more information on equipment leasing.


How To Apply For Equipment Financing:

The equipment financing application process is fast, and our top-rated customer service makes it simple. Overall, the process takes 1-3 business days, depending on the loan terms, amount, and if the equipment/vehicle needs to be registered with local government.

Here are easy steps you can follow to apply:

Step 1: Make Sure Purchasing is the Right Move

For some businesses, it may be easier and better to make a lease payment than to own. Before applying, ask yourself these questions:

  • How probable is it that the equipment will become obsolete in the near future?

  • Will you have a need for this equipment a few years from now?

  • Is this purchase sufficiently crucial to justify the interest payments?

  • Do you plan to utilize the equipment for your business over an extended period?

Step 2: Gather Your Documents

Equipment financing applicants need to provide the following information and documents:

  • Government-issued Identification (i.e. Driver’s License)

  • Business Voided Check

  • Business Bank Statements From the Past Three Months

  • Invoice for Equipment

  • Financial statements (If Cost is Over $500,000)

Step 3: Complete the Application

Our application process is quick, allowing you to complete it in just a few minutes. You have two convenient options: fill out our concise one-page equipment financing online application or reach out to us directly for personalized assistance from a dedicated account manager who will guide you through the process.

Step 4: Speak to a Representative

Upon receiving your application, a senior account executive will promptly reach out to you. During the call, we will thoroughly review and discuss your optimal equipment financing options, as well as fixed-term business loan offers. Our commitment to transparency ensures that there are no hidden fees or unexpected surprises. Rest assured, you will have a clear understanding of the loan options, rates, and terms associated with the equipment financing option you select.

Step 5: Receive Approval 

After going over the options, and reaching an agreement, we will send you the contract confirming everything that was discussed. Upon signing, we will then conduct a brief funding call to confirm basic information for data privacy concerns.

Step 6: Receive Equipment

Once the funding call concludes, we will proceed to wire the funds directly to the vendor/private party seller. At that point, you can either pick up the equipment or arrange for it to be shipped to your desired address.


The Bottom Line

Equipment financing offers an excellent solution for acquiring the necessary equipment for your business. With favorable terms, you can avoid significant upfront expenses while still enjoying the advantages of the equipment. Whether you opt for loans or leases, each option presents distinct benefits within different time frames. It is crucial to compare and select the most financially realistic and suitable option for your specific equipment requirements.

At Paxton Martin Finance, we offer a range of equipment financing agreements tailored to diverse business equipment needs.

Are you prepared to elevate your business with the equipment it requires? If so, take the next step by filling out an application or contacting us today!


Equipment Leasing

By having the appropriate equipment, you can significantly enhance your sales, expand your offerings, and provide a higher level of service to your customers. The equipment you utilize also reflects your organization and conveys a sense of quality and professionalism, which can attract a larger customer base. Opting for equipment leasing is also a more sustainable choice than outright purchase, considering the rapid evolution of technology that could quickly depreciate your investment within a few years.

Equipment leasing terms offer great flexibility, typically ranging from 24 to 60 months. Additionally, you have the option for buyouts and the ability to add equipment to your lease at any time, simply adjusting your monthly payments without the need to modify the lease terms.


How does equipment leasing work?

Through an equipment lease, you make regular monthly payments for the equipment. When the initial agreement term concludes, you have the flexibility to either renew the lease or terminate it. Additionally, certain leases may provide you with the opportunity to purchase the leased equipment at its market value, further expanding your options.


Equipment Leasing vS. Equipment Financing

Equipment leasing involves making regular monthly payments to utilize equipment for a specific duration. This fixed time frame makes leasing a cost-effective choice for equipment that you only require on a temporary basis. It is particularly advantageous for businesses operating in industries with rapidly evolving technology.

On the other hand, equipment financing is better suited for long-term equipment needs that your business relies on extensively. It allows you to secure equipment that will be utilized over an extended period, providing ongoing support to your operations.


The Bottom Line

Equipment leasing is a valuable tool for acquiring the equipment essential to support and thrive in your business operations. It offers flexibility and accessibility as a financing option, accompanied by various benefits. On the other hand, equipment financing provides an excellent solution for obtaining necessary equipment with favorable terms, enabling you to avoid substantial upfront expenses while enjoying the equipment's advantages. Choosing between loans and leases involves evaluating the distinct benefits they offer within different time frames, ensuring you select the most financially feasible and suitable option that aligns with your specific equipment requirements.

At Paxton Martin Finance, we offer a range of equipment leasing agreements tailored to diverse business equipment needs.

Are you prepared to elevate your business with the equipment it requires? If so, take the next step by filling out an application or contacting us today!

Equipment Financing FAQs

  • Answer these questions:

    How probable is it that the equipment will become obsolete in the near future?

    Will you have a need for this equipment a few years from now?

    Is this purchase sufficiently crucial to justify the interest payments?

    Do you plan to utilize the equipment for your business over an extended period?

  • Yes! We finance new and used equipment. We can even finance equipment from private party sellers, as well as commercial vendors.

  • Any equipment related to the needs of the business (examples include vehicles, computers, signs, etc.).

  • Companies can free up cash flow by financing equipment, instead of paying for it in cash. Furthermore, see the next FAQ on the tax incentives, which allow business to retain more revenue.

  • Section 179 of the IRS Tax Code provides a valuable opportunity to reduce the cost of equipment upgrades. Instead of spreading out the depreciation tax deduction over several years, you have the advantage of deducting the entire cost of qualifying equipment in the year of purchase. This means that when you file your taxes, you can deduct the expenses incurred for equipment directly from your business profits, resulting in potential cost savings.

  • We offer a Vendor Financing Program, which allows commercial vendors the opportunity to have qualified customers purchase the equipment through our EFA programs. This can help drive sales, because selling a lower monthly payment is easier than selling a total price. Click here to check out our Vendor Page!