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.
This page is one option inside our broader guide to Alternative Financing. See how it stacks up against the other alternative-funding tools we track.
Last updated · Reviewed by Cody Dreis
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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%).
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.
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No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
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