Equipment Financing

Boost operational efficiency with the right equipment.

Secure the equipment your business needs, with flexible financing, quick decisions and a $375 origination fee.

  • No down payment required

  • Flexible repayment plans

Apply now

Purchase essential equipment with a simple financing solution.

Equipment financing is a business lending solution that enables companies to purchase essential business equipment needed to operate effectively. This includes medical practice equipment (also for dental and veterinary practices), construction equipment, commercial vehicles, phone systems, and computer hardware/software. You know what your business needs to run smoothly. We’ll work one-on-one with you to find an equipment financing option that best suits you and your business.

Application-only process

A quick, application-only process for transactions up to $200,000 for existing U.S. Bank customers.

No down payment

No down payment is required with terms from 24 to 60 months. Simplify payments and include up to 25% of additional costs in the agreement, such as installation, tax and freight.

Flexible payment options

Structure payments based on your business’ cash flow cycles (quarterly, semi-annual or annual).

Quick credit decisions

With a $375 origination fee, you can get a generally fast credit decision for financing amounts up to $200,000.

Get started with our simple online application.

Have your business and personal information ready, including your:

  1. Tax ID number
  2. Gross annual sales information
  3. Date business was established
  4. Estimated price and description of the equipment you want to finance
Apply now

U.S. Bank is able to provide capital in multiple forms to meet the borrowing needs of our customers, whether it is a mortgage to buy new property, revolving lines of credit for operating needs or assistance buying new equipment.

Michael Bahl, U.S. Bank business banking relationship manager

Common questions about equipment financing and loans

You can finance a wide range of business-critical equipment, including:

  • Manufacturing and construction equipment
  • Medical, dental, and veterinary equipment
  • Commercial vehicles
  • Office furniture, phone systems, and IT hardware/software. 

Speak with our Manufacturing Vendor Services team today.

You can finance new or used equipment across industries, including healthcare, construction, agriculture, automotive, manufacturing, personal services, professional services and retail.

We will work one-on-one with you to help create a seamless experience. Through a generally quick credit decision, collecting necessary information, electronic signing ability and funding your vendor directly – we provide ease and simplicity to keep your business running smoothly.

Manufacturing Vendor Services is a specialized division within U.S. Bank Equipment Finance that focuses on providing flexible and competitive financing solutions for manufacturers. It helps businesses acquire, lease, or refinance manufacturing equipment, including metal cutting, fabrication, plastics, woodworking, and packaging machinery.

Equipment leasing is a way to get equipment your business needs without taking ownership of the equipment. Leases usually have minimal upfront costs and a lower monthly payment but may have higher annual percentage rates (APR) than equipment financing.   Learn more about different types of leases.

When you choose to finance your business equipment, you typically own it once the loan is paid off. Equipment loans may have additional fees, such as origination, appraisal, late payment, and prepayment fees. However, they often have lower APRs than leases, and your monthly loan payment may be tax deductible.

An Equipment Finance Agreement (EFA) is used to document a type of lending in which the lender (‘Secured Party’ in the EFA) pays for the financed equipment up front, and the borrower (‘Customer’ or ‘Debtor’ in the EFA) pays the lender over the term of the EFA.

The borrower holds title to the equipment and grants the lender a security interest in the equipment to help protect the lender’s interest in, and to secure repayment of, the EFA. An EFA uses streamlined documentation and is not structured like a traditional interest-bearing loan. The EFA calculates the payment by adding the total amount financed plus a finance charge divided into equal payments.

The EFA is a non-cancelable agreement and may not be prepaid except as otherwise specifically provided for in the EFA.

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Practice financing and loans from U.S. Bank help dental, medical, healthcare and veterinary businesses grow and consistently deliver top-quality care.

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U.S. Bank is an SBA Preferred Lender. SBA loans have benefits like smaller down payments and fixed & variable rate options. Contact a banker.

Learn more

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Call 866-280-3751 to talk with a representative right away.

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Disclosures

Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply.

SBA loan funding is subject to credit approval, program, and eligibility guidelines. Financing maximums and terms are determined by borrower qualifications and use of funds. U.S. Bank, SBA, and/or third-party SBA fees may apply and vary based on the type and term of the loan. Some restrictions apply to refinancing options.

Financing maximums and terms are determined by borrower qualifications and use of funds.

For any deferred or promotional payment period, interest accrues and is amortized over the remainder of the term and outstanding balance.

Deposit products are offered by U.S. Bank National Association. Member FDIC.

U.S. Bank is not a tax or legal advisor. When it is appropriate, you are encouraged to seek professional tax and/or legal advice.