First Capital Program

Equipment Financing

The equipment itself is the collateral — protect your working capital.

Finance titled or heavy equipment with the asset serving as its own collateral. Terms match the useful life of the equipment, monthly payments are predictable, and in most cases the interest is deductible while you depreciate the asset (consult your CPA).

Program Highlights

Amount

Up to $2,000,000

APR

8.5% – 14%

Term

24 – 84 Months

Down Payment

0% – 10%

Funding Time

3 – 5 Days

Credit Minimum

620 FICO

Best For

  • Trucks, trailers, and titled vehicles
  • Construction and heavy machinery
  • Restaurant, medical, and manufacturing equipment
  • Technology and software rollouts

Requirements

  • ·6+ months time in business (start-ups considered with strong credit)
  • ·$100k+ annual revenue
  • ·Personal FICO 620+
  • ·Valid equipment quote or invoice

How It Works

01

Provide equipment quote or invoice from vendor.

02

Application with basic business info and bank statements.

03

Approval typically within 24 – 48 hours.

04

Vendor is paid directly; equipment is delivered and monthly payments begin.

Fact-Backed Impact

Published research and industry data on how equipment financing help U.S. businesses grow.

$1.34 Trillion

Equipment and software investment financed by U.S. businesses in 2024 — 79% of companies use some form of financing for equipment acquisitions.

Source: Equipment Leasing & Finance Association (ELFA), 2024 Report

79%

Of U.S. companies use financing, leasing, or a line of credit to acquire equipment rather than paying cash.

Source: ELFA / Equipment Leasing & Finance Foundation

Section 179

Businesses can deduct up to $1,220,000 of financed equipment in the year it's placed in service, meaningfully improving after-tax cost of capital.

Source: IRS Section 179 Deduction, 2024

Real Outcomes

Logistics

Owner-operator, Trucking

$145k financed a new sleeper cab with $0 down. Truck's first-year gross paid off 62% of the note; owner kept working capital fully intact.

Healthcare

Dental practice

Financed $220k of imaging equipment over 60 months. New services added $38k/month to practice revenue — payment covered nearly 6x over.

Composite outcomes based on client engagements; individual results vary.

Ready to move on Equipment Financing?

One application, one desk. A funding advisor will review your file and return offers tailored to your business.