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Financing
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Example only; assumes strong credit.
Fast & easy financing
Fast & Easy Financing
Why Finance Your Equipment
Do you need to purchase new or used equipment for your business, but don’t have the available cash or credit on hand? TimePayment can help. Check out the many benefits of financing your equipment purchase through a lease from TimePayment:
Fast Credit Decisions
Apply online anytime. Receive a credit decision for the maximum amount you can finance in seconds. Start-ups and challenged credits supported.*
*Some exclusions apply.
Our programs are designed to empower businesses of all sizes, including new entities, with transactions starting as low as $1000.
Lease payments may be fully tax-deductible as an operational expense.*
*Seek advice from a tax professional.
Know your monthly payment and term in advance, so you can handle your monthly cash flow more easily.
Plan for a technology upgrade with the right lease or rental term. Never get stuck with obsolete equipment again.
Leasing with TimePayment lets you acquire the equipment you need affordably, while preserving your other sources of credit.
Example only; assumes strong credit.
Equipment Financing vs. Other Payment Options
Financing your equipment purchase with TimePayment is a smart decision for business owners on a budget.
Get the equipment your company needs now and pay for it over time through affordable monthly lease payments. Use that equipment to generate revenue and significantly impact your company’s bottom line.
Equipment Financing vs. Purchasing Outright:
Few companies are in a position where they have enough working capital to purchase all their equipment, furniture, and software outright. If you finance your equipment purchase with TimePayment, your company will have more available credit for future business opportunities.
Many small businesses and start-ups have limited lines of credit available. When you purchase your equipment with a credit card, you are wasting valuable lines of credit that your company may need to utilize for other expenses. If you finance your equipment purchase with TimePayment, you leave yourself more options for future company needs.
Equipment lease financing may be an affordable alternative to a loan. Many lending institutions have very strict requirements businesses must meet before the bank will extend a loan or line of credit. Bank loans also typically require a significant down payment that can range between 10%–20% of the equipment cost.
With a TimePayment lease, our standard program only requires one advance payment and the documentation fee prior to the start of the lease. Thanks to our innovative, multilevel financing products, we are able to offer financing to more businesses that have yet to establish a strong credit history or that have a compromised credit history.*
Equipment Buyers FAQ
Have questions about business equipment financing? Explore quick answers to the most common questions businesses ask about—approvals, payments, qualifications, and financing options before making a purchase decision.
Most applications receive a decision within minutes, with many approvals issued the same day. Funding timelines can vary based on the transaction size and documentation, but qualified businesses can often move from application to funding in as little as 24–48 hours.
Yes, many businesses qualify even with less-than-perfect credit. Financing decisions are based on a combination of factors, including your business performance and the equipment you’re purchasing—not just your credit score alone.
There isn’t a strict minimum. While stronger credit can open up more options, many businesses with scores in the mid-500s and above may still qualify depending on the overall strength of the application.
Yes, startups and newer businesses can often qualify. Lenders typically look beyond time in business and consider the type of equipment, your industry, and your ability to repay when making a decision.
Your monthly payment depends on the equipment cost, term length, and your business profile. Financing allows you to break a large purchase into predictable monthly payments, making it easier to manage cash flow.
Most types of commercial equipment can be financed, including restaurant equipment, HVAC systems, medical devices, construction machinery, and more. If it helps your business operate or grow, there’s a good chance it qualifies.
Financing lets you keep cash in your business while spreading the cost into manageable monthly payments. While paying cash may lower the total cost over time, many businesses choose financing to stay flexible and invest in growth instead of tying up capital.
Financing amounts can range from a few thousand dollars to large commercial purchases. The amount you qualify for depends on your business profile, the equipment, and the structure of the financing.