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First Capital Business Finance

Used Equipment Financing

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Used Equipment Financing For Your Business

Financing used equipment is great option If you are needing equipment to get a job done or expand your business and have less than perfect credit. At First Capital Business Finance, our business philosophy is rooted in the belief that financial challenges should never hinder a business’s potential.

Our equipment financing programs include financing used equipment. So whether you need finance a used Skid Steer or used fork lift financing, we have programs that can help you finance the used equipment you need for your business. Some programs we have include:

  • Programs With No Age Limits

  • Programs With No Mileage Limits

  • Programs With No Hour Limits

  • Programs for Start Up Businesses

  • Programs for Challenging Credit

Unlock growth opportunities with Used Equipment Financing!

Talk To An Equipment Financing Expert
Used Equipment Financing

Advantages of Buying Used Industrial Equipment

Lower upfront and total cost: Used equipment typically costs 20-40% less than new, and since it’s already gone through its steepest depreciation, you’re not paying a premium just to drive it off the lot (or out of the warehouse).

Faster access, less downtime: New equipment often comes with lead times of weeks or months. Used equipment is usually ready to go now, so you can get back to work instead of waiting on a manufacturer’s production schedule.

Proven performance history: With used equipment, you (or your financing partner) can often review maintenance records and usage history. That gives you a clearer picture of what you’re getting than you’d have with a brand-new model that hasn’t been tested in real-world conditions.

Easier to finance and qualify for: Because the equipment itself carries less risk for lenders (lower price point, established resale value), used equipment financing tends to be more accessible, especially for newer businesses or those with less-than-perfect credit.

Unlocking Opportunities: Your Path to Used Equipment Financing Success

At First Capital Business Finance, we understand that securing financing for used equipment with bad credit can be challenging. That’s why we’re here to offer you a hassle-free solution tailored to your specific needs.

Here’s why you should choose First Capital Business Finance for your used equipment financing:

Specialized Expertise

We specialize in helping businesses like yours secure financing, even if you have bad credit. Our team has the knowledge and experience to navigate the complexities of the financing process and find the best solution for you.

Quick Approval Process

We understand that time is of the essence when it comes to securing financing. That's why we've streamlined our approval process to ensure you get the funds you need as quickly as possible. With our efficient process, you can expect quick approvals and fast funding.

Personalized Service

At First Capital Business Finance, we pride ourselves on providing personalized service to every client. Our team will work closely with you to understand your needs and develop a financing solution that works best for your business.

Flexible Options

We offer flexible financing options to accommodate your unique situation. Whether you're looking for a lease or a loan, we have programs designed to meet your needs and budget constraints.

No Up Front Costs

Unlike some other financing options, our programs typically have no upfront costs. We believe in transparency and making the financing process as straightforward as possible for our clients.

Don’t let bad credit stand in the way of securing financing for your used equipment. 

Contact First Capital Business Finance today and let us help you take your business to the next level!

Big Or Small, We help all Sizes of Businesses with Used Equipment Financing 

Whether you run a big or small business, we can work with you to get your business the financing you need. We know the struggles of getting equipment for your business. It is not always easy. We are familiar with the hurdles business owners must face as well as the struggles involved. So, if you’re in need of upgrading your older equipment, then financing for used equipment is a good way to start out. Or, if you’re just starting out your small business, used equipment is a great way to start up your business.

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Used Equipment Finance
First Capital

How Used Equipment Financing Works

Getting financing for used equipment doesn't have to slow your business down. Here's what the process looks like from start to finish:

1

Apply in Minutes

Most of our programs are application only, meaning no tax returns or financial statements required to get started. Depending on your credit profile, time in business, and the amount you're requesting, we may ask for your last three months of bank statements, but for many businesses, the application alone is enough.

2

Get a Fast Decision

We know waiting on financing can hold up a purchase you need now. That's why most applications are approved within 24 hours, often the same day. We work with businesses across all credit profiles, including those with challenging credit or a shorter time in business.

3

Lock in Terms That Fit Your Business

Once approved, we'll walk you through your options, including loan amounts up to $250,000 and terms from 12 to 72 months. Many of our programs require little to no money down, so you can preserve your cash flow for other parts of the business.

4

Get Funded and Get to Work

After you sign off, funding typically takes 5 to 7 days, with some transactions completing in as little as 24 hours depending on the equipment and loan amount. No hidden fees, no surprises, just the equipment you need and the capital to get it.

First Capital Business Finance

Same Day Loan Approval

Getting the loan you need is simple. Contact us & you can get prequalified for your loan on the same day!

Contact Us

Step 1

Reach out to us via phone or the contact form on this website.

Step 2

We'll contact you to get the information we need to process your loan.

Step 3

You'll receive a decision on your loan shortly (typically the same day).

Common Used Equipment Financing Questions

  • What are the eligibility criteria for used equipment financing?

    • Answer: Eligibility criteria typically include factors such as credit score, business revenue, time in business, and the condition of the equipment being financed. If you’re looking to finance a commercial truck, it’s a good idea to have your mechanic look everything over.

  • Can I get financing for equipment that is not in pristine condition?

    • Answer: Yes, financing options are available for used equipment in various conditions. However, the terms and interest rates may vary depending on the condition and age of the equipment.

  • Do I need to make a down payment for used equipment financing?

    • Answer: Down payment requirements vary depending on the lender and the specific financing program. Some lenders may offer options with no down payment, while others may require a certain percentage upfront.

  • What documents are required to apply for used equipment financing?

    • Answer: Commonly required documents include financial statements, tax returns, proof of ownership or purchase agreement for the equipment, and business licenses.

  • How long does the approval process take for used equipment financing?

    • Answer: The approval process typically takes a few days to a couple of weeks, depending on the lender and the complexity of the application.
  • What interest rates can I expect for used equipment financing?
    • Answer: Interest rates vary based on factors such as creditworthiness, the age of the equipment, and market conditions. It’s advisable to shop around and compare rates from multiple lenders.

  • Can I finance equipment from any vendor or dealer?

    • Answer: Many lenders allow financing for equipment purchased from various vendors or dealers. However, some lenders may have preferred vendor relationships or restrictions, so it’s essential to inquire about vendor options.

  • What happens if the equipment breaks down or becomes obsolete during the financing period?

    • Answer: Depending on the terms of the financing agreement, you may be responsible for maintenance and repairs of the equipment. Additionally, some financing options offer upgrade or trade-in options for obsolete equipment.

  • Are there tax benefits associated with used equipment financing?

    • Answer: In some cases, businesses may be eligible for tax deductions or depreciation benefits related to the financed equipment. It’s recommended to consult with a tax professional for guidance on specific tax implications.

  • What happens at the end of the financing term?

    • Answer: Depending on the financing agreement, you may have the option to purchase the equipment, return it, or enter into a new financing agreement for upgraded equipment. It’s essential to review the end-of-term options outlined in the agreement.

Testimonials 

What Our Customers Say

"First Capital Finance has been amazing! From start to finish, always keeping in contact, never leaving us wondering what’s going on. We were funded within a week for our new equipment. When you run your own business, you can’t afford down time. Vivian, eliminated our down time! We definitely look forward to using there services again. Thank you Vivian."
Luke & Sarah WeverWever’s Tree Service, LLC
"Dear Dustin, I want to take a moment to thank you and your staff. When other small business lenders say no, First Capital Financing says YES. You and your coworkers do what it takes to help small businesses."
Jeremiah JLandscaping Co.
"I almost gave up until I talked to First Capital! It was great! He worked to help me out.  As a matter of fact, I just about gave up until I talked to Dave on the phone."
R. McKelvey
"Absolutely Unbelievable! Testimonial from another of our fantastic clients who purchased a truck with our financing! David was absolutely unbelievable, he was right on with everything and on time with everything and got everything I needed and how I needed it.”
J. Michaels
"Always available, extremely responsive. He’s phenomenal…he’s always available, extremely responsive, I love him to death I’ll be using him going forward."
B. Tyson
"They kept me in the loop the whole time. Dave was very patient with me.  He provided me with anything I need, any time I needed to talk to Dave I could get in contact with him either through email or phone call, he was very easy to get in contact with.  He stayed in contact with me and kept me in the loop of the process the whole time.  I had a very comfortable experience…"
M. Williams
"Working with Anthony was just the best…that guy is just great, he has a lot of optional things that can help out people looking for funds. He really helped out."
E. Rokotovao
"Went through Dave 3 times already, I did a capital loan the first time, then got our truck refinanced, and another capital loan. Every time I’ve dealt with him he’s been very professional and super fast."
K. Morgan
"I can’t say enough good things about our experience with First Capital Business Finance. Dustin was incredibly helpful every step of the way and always available to answer our questions. We had a tricky approval and a few bumps in the road, and he went above and beyond to help us get our truck and trailer financing. I highly recommend Capital Business Finance."
Amanda M.
"Dave Daniels is detailed oriented and a super-fantastic communicator. Customers appreciate his professionalism and ability to explain complex opportunities in layman terms. When given the opportunity he becomes an extension of your business opposed to a vendor. It is unfortunate I can’t work on all my loan opportunities with him"
Maurice Settles
"My experience with First Capital has been great. Josh Tan worked with myself and the dealership everyday and made sure all the details were handled and in place for a very smooth experience. From opening to closing he made sure I was taken care of. I will definitely be financing my second and third trucks through this company and him personally."
D. Lewis
"So I have a 26-ft box truck that was in dire need of repair because that is what I used as my source of income and it affects my livelihood. I did not have the over $5,000 needed to repair it so I reached out to first Capital and was contacted by Anthony Tran. I will say initially I was a little bit skeptical simply because this was my first time ever having to use my vehicle. That's collateral to secure a loan so I was a little nervous. But I will say that Anthony was extremely helpful. Very patient and very understanding of my situation he did get me in touch with the actual company who secured the loan for me and I just have to say that Brian and Anthony both were amazing. Absolutely amazing. I would highly recommend them. I would highly recommend Anthony mainly because of his customer service. He was awesome. I would not have been able to get my truck repaired if it was not for them. After having my truck in the shop for over a month I finally got it back repaired and I am back on the road, running east to west. Thank you so much! Anthony Tran and Brian Ojeda!!!"
L. Barrow
"I contacted First Capital Business Financial to try to buy my Box Truck through them. It was the best thing I did. I had already tried other places and it was impossible, but First Capital Business Financial made it possible when Josh worked with me and was very kind and patient, always communicating with me every day about each step to follow. Thank you Josh and First Capital Business Financial for making it possible."
R. Aponte
"Wow! they are genuinely awesome. I can honestly say Dustin helped me out from the beginning to the end. They were very attentive and stood on their word. I recommend everyone to work with them. I love good people who are honest and nice everyday. Much Love. Thanks Dustin and Brian"
J. Jenkins
"A Great Experience with First Capital Business Finance If you’re in the market for a loan, I highly recommend reaching out to First Capital Business Finance. My experience working with them was smooth and professional from start to finish. The process was straightforward, and I felt supported at every step. The team is knowledgeable and dedicated to helping clients find the best financing options available. I was particularly impressed with how they took the time to understand my needs and tailor their services accordingly. I had the pleasure of working with Todd Doan, who made the entire financing process for my semi-trucks incredibly easy. Todd's expertise really shone through as he guided me through the paperwork and explained everything in a way that was easy to understand. His attention to detail ensured that I felt informed and confident in my decisions. It’s rare to find someone who combines professionalism with a genuine desire to help, but Todd did just that. Overall, I cannot speak highly enough of my experience with First Capital Business Finance and Todd Doan. Their commitment to transparency and communication made me feel valued as a client. If you are considering financing options for your business, I encourage you to reach out to them. You’ll find a team that is not only professional but also truly invested in your success."
B. White
"I dealt with Dustin Doi whom I found to be Professional,Courteous, thorough , diligent and effective. Dustin was very helpful to me especially since my technological skill set is; at best; abysmal…Dustin went above and beyond; patiently walking me through every step that I had difficulty with. I would, and have; highly recommend(ed) Dustin to other lease -to -own operators looking to purchase their truck…. Thank you SO VERY much Dustin !… may God Bless you and keep you 🙏"
Junkyard Dog
Financing in Dallas, TX 6

Contact First Capital for Your Used Equipment Financing

If you’re ready to start on your journey towards securing used equipment for your business, contact First Capital Business Financing today! We can help you and your business to get what you need to succeed in today’s market, whatever your field. Call us today at 888-565-6692 to talk about your financial needs and desires. You can also apply online to get a same-day loan approval. Have any questions or concerns? Talk to Darlene in our online chat feature, which can be found at the bottom right of your screen! Let us help you by getting you the money you need to help your business!

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