Can a new business get equipment financing?
Yes: equipment financing is one of the most realistic funding products for a new business, precisely because the equipment itself secures the loan. Where an unsecured lender sees a risky young company, an equipment lender sees a resellable asset backing every dollar. That said, "new" still matters: a business with 6 months of revenue qualifies far more easily than a pre-revenue startup, and newer files should expect down payments and personal guarantees. The realistic path exists: it just looks different than it does for a five-year-old company, and knowing the difference saves you weeks of misdirected applications.
One option in our guide to Alternative Financing.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
What new businesses actually need to qualify
The collateral does the heavy lifting: Lenders finance $5K-$5M+ against new and used equipment, and a strong, liquid asset, a common truck model, standard restaurant package, popular machine tool, can offset a thin business history.
Time in business and revenue floors: Alternative lenders commonly want 3-6 months in business and roughly $10K+ in monthly revenue. Under those thresholds, approvals lean almost entirely on the owner: your personal credit, industry experience, and down payment.
Expect a down payment: Brand-new businesses typically don't finance 100%. Money down shrinks the lender's exposure and is often the lever that turns a decline into an approval.
Personal credit and guarantee: With little business history to underwrite, your personal score carries weight, and a personal guarantee is standard for young companies.
Honest limits: A pre-revenue idea with no down payment and weak personal credit won't finance a fleet, and anyone promising otherwise is selling something. The realistic version: start with one essential asset, put money down, build 6 months of payment and revenue history, then expand on better terms.
Startup-friendly ways to equip the business
Equipment financing: the core option: collateral-secured, new or used, 24-84 month terms, rates commonly 7%-20% (newer businesses price toward the higher end).
Business credit cards: accessible early, useful for small tools and supplies while building reported credit history.
Working capital loans: $5K-$500K once you have 3-6 months of revenue. Best for installation, inventory, and launch costs around the equipment.
SBA loans: 7(a) financing can include equipment for startups with strong files and typically a 10% down payment; slower, but cheap (current variable rates roughly 10.5%-14%).
Run the numbers on your loan
Pick a product, set the amount and term, and see a typical payment.
How Quordx Capital Works
Quordx Capital's 50+ lender network includes lenders with genuine appetite for startups, and the matching process engine knows which ones. A 5-minute application, your bank statements (even just a few months), ID, and the equipment quote produce 3-7 ranked matches built around what a new business can actually get approved for. Decisions typically take 24-48 hours; funding 3-7 business days.
What to Expect
A straight assessment of where you stand: if you're fundable now, you'll see real offers with every cost disclosed; if you're 60 days of revenue away from a much better deal, you'll be told that too, for free. No fees, no obligation, and no pressure to take an offer that doesn't fit a business this young.
Apply for Funding
No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Quordx Capital is a business funding broker, not a lender. Lenders make every credit decision and set the rate, fees and terms, and not every business qualifies. Quordx may be paid by a lender when a deal funds. Full disclosures