Take On Your Next Business Challenge With Equipment Financing From Lyft Capital
Whether you need new heavy machinery for your construction projects or new office equipment, equipment financing may be right for you.
What Makes Equipment Financing Worth Considering?
Maintaining access to working capital is a prudent approach when managing a small business. If you prefer not to deal with a sizable lump-sum purchase or the extended commitment associated with a traditional small business loan, equipment financing may provide a more suitable solution.
With a streamlined application process, competitive rates, and adaptable repayment options, obtaining the equipment your business needs has never been easier.
Preservation of Cash Flow
Equipment financing allows businesses to acquire the necessary assets without depleting their cash reserves. This preserves cash for other operational needs, emergencies, or investment opportunities.
Tax Benefits
In many cases, equipment financing offers tax advantages. Businesses may be able to deduct interest and depreciation expenses, reducing their overall tax liability.
Business Growth
Upgraded or additional equipment can lead to increased production capacity, expanded services, or improved product quality, all of which can drive business growth and profitability.
Flexible Terms
Equipment financing offers various term lengths and repayment options, allowing businesses to tailor the financing arrangement to their specific needs and budget.
Popular Equipment We Finance
When it comes to equipment financing, Lyft Capital has you covered. From construction gear to office technology, we finance a wide variety of equipment to fit your business needs. Our process is simple, convenient, and tailored to help your business thrive.
- Excavators
- Loaders
- Tractors
- Mowers
- Trucking Equipment
- Skid Steers
- Dozers
- Utility Equipment
Equipment Financing: What You Should Understand
Every business relies on top-tier, up-to-date equipment; without it, operations and profitability would be challenging. However, the substantial cost of equipment and the thought of depleting available capital may cause some apprehension.
Thankfully, with Lyft Capital Equipment Financing, you no longer have to tolerate outdated or malfunctioning equipment. You can secure financing that covers the entire equipment cost, without any down payment requirement and with flexible monthly payments, all at industry-leading interest rates.
Whether you run a construction company, operate a landscaping business, own a restaurant, or work in the B2B services sector, ensuring the smooth operation of your business has never been more convenient than with Lyft Capital equipment financing.
How to Get Started
Apply Online
Applying for equipment financing with Lyft Capital is a breeze, and it should only consume about five minutes of your time.
Upload Your Invoice
Complete our straightforward online application and upload your vendor invoice at the end of the application process.
Speak With a Specialist
After we receive your submission, a Lyft Capital equipment finance specialist will contact you with a decision or request additional information about your business.
Set Up Your Payment Plan
Once approved, your finance specialist will collaborate with you to establish a payment amount and plan aligned with your business needs.
Our passion is helping you succeed
Lyft Capital Is All About Your Business Growth.
Why Choose Us
Lyft Capital helps small businesses compare financing options with dedicated guidance. This page is for equipment financing with no maximum amount.
What this equipment financing is for
Equipment financing covers the purchase of business equipment. It is not a term loan for general working capital, and it is not a line of credit you draw and repay as you go. Founded in 2016, Lyft Capital has helped small businesses across the country access the working capital they need to grow. Our team brings 20+ years of combined experience in business lending. This product has no maximum amount.
Equipment financing eligibility
To qualify for this equipment financing, a business needs at least 2 years in business, $400,000 in annual revenue, and a 660 minimum credit score.
What to compare next
Compare this equipment financing with Lyft Capital's line of credit, revenue-based financing, term loans, and SBA loans using the no-maximum amount and the eligibility on this page.
How It Works: Equipment Financing Simplified
Select the equipment you want to purchase for your business.
Get equipment financing with Lyft Capital.
Lyft Capital pays your vendor for the equipment.
Take delivery of the equipment from your vendor.
Make payments according to your financing agreement.
Who Should Use Equipment Financing?
Equipment financing can be used in virtually any industry. However, some industries utilize equipment financing more often than others. The industries that most frequently use Lyft Capital equipment financing include:
- Medical and Dental
- Construction
- Manufacturing
- Agriculture
- Transportation and Trucking
- Restaurants
Why Consider Equipment Financing?
Getting the equipment you need to remain competitive does not have to be a nightmare. With a simple application process, competitive rates, monthly payment schedules, and terms that may extend through the life of the equipment, keeping your business moving forward has never been easier.
Financial Health
- Improve your business credit with on-time payments.
- Upgrade your equipment without disrupting cash flow.
Easy Qualification
- Qualify for up to $150,000 with a 675 FICO score and three years in business.
- Only one year in business may be needed if you have excellent credit of 775 or higher.
Additional Perks
- Simple application and qualification process with quick access to funds.
- Equipment financed or leased may qualify for the Section 179 Tax Deduction.
Equipment Financing Questions
Find concise answers about the equipment financing application and review process.
What is equipment financing?
Equipment financing helps a business purchase the equipment it needs while preserving cash for other operating needs, subject to approval and review.
What equipment can I finance?
Lyft Capital finances a wide variety of business equipment, including excavators, loaders, tractors, mowers, trucking equipment, skid steers, dozers, and utility equipment.
What documents are needed for equipment financing?
You will need an equipment vendor invoice. Lyft Capital may request additional information about your business during review.
What are the minimum requirements for equipment financing?
The listed minimum requirements are two years in business, a 600 minimum credit score, and an equipment vendor invoice. Approval is subject to review.
Do I need a down payment for equipment financing?
There is no down payment requirement listed for this equipment financing option. Final terms are subject to approval and review.
How long does the equipment financing application take?
The online application should take about five minutes to complete. A Lyft Capital equipment finance specialist will then review your submission and may request additional information.