Loan guide
Equipment financing, explained
Equipment financing is funding tied to a specific piece of equipment a business needs to operate or grow.
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This guide explains what equipment financing is in plain terms, and how YesLane, a funding marketplace, helps you see which lenders work with businesses like yours.
What equipment financing is
Equipment financing is funding used to acquire a specific business asset, for example a vehicle, a piece of machinery, kitchen equipment, or computer hardware.
Because the financing is connected to the equipment itself, the equipment is often part of how the arrangement is structured. The details vary by lender and by the kind of equipment.
How it works, in plain terms
A business identifies the equipment it needs
The business knows the specific asset it wants to acquire to operate or grow.
A lender provides funding tied to that equipment
A lender that works with this kind of purchase provides funding connected to the asset.
The business repays over an agreed schedule
Repayment follows whatever schedule the business and the lender agree to directly.
Where YesLane fits in
A funding marketplace
YesLane is not a lender. We help you see which lenders in our marketplace work with businesses like yours.
You stay in control
You choose which lenders to connect with. We connect you only with the ones you select.
A light first step
It starts with a few details about your business and what you are looking to fund.