Equipment financing: what it covers

Vehicles, machinery, technology, and other business equipment, financed with the equipment itself as collateral.

Equipment financing pays for a specific asset and uses that asset as collateral. Because the lender has security, it can be more accessible than an unsecured loan for the same amount.

Typical uses

Commercial vehicles and trucks
Construction, medical, and manufacturing machinery
Restaurant and kitchen equipment
Technology and specialized tools

What TK looks for

The same document-based picture as other business products: a personal credit profile generally 650 or higher, negatives ideally two or more years old, and revenue that supports the payment. The equipment quote or invoice is part of the file. TK Capital Solutions is a funding brokerage, not a lender. Requirements vary by lender and program; nothing here is a promise of approval, amount, or timing.

The equipment is the collateral, and that changes everything

With most business lending, the lender is betting on the business. With equipment financing, the lender is also holding the thing being bought. That single structural difference is why equipment financing can work for businesses that would not qualify for an unsecured product of the same size.

The business finances the purchase, the equipment secures the loan, and the business uses the equipment while paying it off. It is one of the few ways a younger or thinner-file business can access a meaningful amount of capital.

What counts as equipment

Broader than most people expect. Anything the business needs to physically operate:

Vehicles and trucks - including work vans and fleet additions.
Machinery and heavy equipment for construction, manufacturing and trades.
Restaurant and bakery equipment - ovens, refrigeration, full kitchen build-outs.
Medical and dental equipment, including imaging and diagnostic machines.
Gym and fitness equipment, from strength racks to cardio floors.
Technology and specialist industry equipment of almost any kind.

The signals that this is the right product

You usually hear it before you see it on paper. The machine that is on its last legs. Renting something the business should own. One breakdown away from losing a week of production. Those are equipment financing conversations, not working capital conversations.

A useful test: if the business would still need the money even in a good month, and the money turns into a physical object, this is probably the product.

What generally matters

This is a document-based product, so the usual picture applies: personal credit typically 650 or better, negative items ideally at least two years old, and business revenue, time in business, cash flow and existing debt all feeding into the decision.

What is different here is that the equipment itself is part of the underwriting. What it is, whether it is new or used, and what it costs all matter - because if things go wrong, that asset is what the lender is left holding.

Have the quote ready

The single most useful thing to bring to an equipment financing conversation is a vendor quote or invoice. Lenders ask for it because the equipment is the transaction, not a detail of it.

It also says something about the deal. A business that has already priced the replacement has usually decided; a business that has not is still thinking about it. General guidelines only - individual lenders and programs set their own standards, and nothing here guarantees funding.