Equipment Financing for Business Owners Who Need Tools, Trucks and Machines Now
Fund the equipment your business needs in as little as 2 days. Finance $10,000 to $5,000,000 through Strive Insurance Group’s partnership with ROK Financial. Low or no down payment options, terms from 12 months to 5 years, and a FICO minimum that starts at 580.
15-second application, No obligation, Decision in as little as 24 hours
A while back, a fiber installation contractor contacted us to pick up a BEAD performance bond. He had just won a rural broadband contract in western Oklahoma. The bond got handled that same week. As he was heading out, he stopped and said, “One more problem. I need a $180,000 directional drill by next month. My bank said 60 days for approval. That’s too late.”
That’s the kind of timing gap equipment financing is built to solve. A contractor in his shoes can get approved the same day, funded in about 2 days, and roll the new drill onto the job site before the ink is dry on the contract. He can also write off a big chunk of the purchase in year one under the new 2025 tax law. The bond and the financing came from partners who already knew his business. He didn’t have to start from scratch with strangers.
What Equipment Financing for Business Actually Is
Equipment financing for business is a loan or lease used to buy or rent physical assets your company needs to operate. The equipment itself usually acts as the collateral, so you often don’t need to put your home, your accounts receivable, or anything else on the line. When the loan is paid off, you own the equipment outright. If you choose a lease-to-own structure, ownership transfers at the end of the term.
Equipment loans for business work well because they match the useful life of the asset to the payment schedule. A truck that will run for 8 years shouldn’t be paid off in 6 months. A food truck oven that will last 10 years shouldn’t wipe out your cash reserves on day one. Equipment financing lets you spread the cost across the years you’ll actually use the equipment.
Our Partnership With ROK Financial
Strive Insurance Group is a business insurance and surety bond agency based in Edmond, Oklahoma. We serve small business owners nationwide with commercial insurance and specialty bonds. Through our Trusted Partner ROK Financial, our clients get access to equipment financing and other small business loans from $10,000 to $5 million.
We don’t make the loans. Our clients get access to ROK Financial through our partnership, which means you can talk to a team we vetted when your business needs capital. ROK has funded thousands of business owners across the United States. Their team handles the lending side. We keep the insurance and bond side covered. The two fit together naturally.
Who Uses Equipment Financing for Business
Almost any business that uses physical equipment to make money uses some form of financing at some point. A few of the most common types of businesses and the equipment they finance:
– Construction companies and contractors: excavators, skid steers, directional drills, backhoes, dump trucks, trailers, mini-excavators, concrete mixers, scaffolding, and specialty tools
– Trucking and transportation: semi trucks, box trucks, refrigerated trailers, flatbeds, and delivery vans
– Medical and dental practices: imaging machines, dental chairs, lab equipment, surgical tools, and exam room setups
– Restaurants and food service: commercial ovens, walk-in coolers, espresso machines, POS systems, and prep stations
– Salons and personal services: styling chairs, wash stations, aesthetic lasers, and retail displays
– Manufacturing and wholesale: CNC machines, forklifts, packaging lines, and warehouse racking
– Auto repair: lifts, alignment machines, diagnostic computers, and paint booths
– Agriculture: tractors, balers, combines, grain bins, and irrigation
– Technology and office-based businesses: servers, workstations, printers, and office furniture
What You Can Finance
The list is long. If it’s tangible, has a useful life of more than one year, and helps your business generate revenue, it probably qualifies. This includes new and used equipment, specialty gear, heavy machinery, titled vehicles, trailers, software that comes packaged with hardware, and certain build-outs.
Equipment Financing Qualifications
Equipment Financing QualificationsROK’s qualifications for equipment loans for business are some of the most flexible in the industry:
– No minimum time in business required (businesses under 2 years are capped at $50,000)
– No minimum monthly revenue required
– FICO starts at 580 (varies based on equipment type, industry, and other factors)
– Approval factors include time in business, FICO, equipment type, annual revenue, industry, and geography
That flexibility is why equipment financing is often the first product a new business qualifies for. You don’t need 2 years of tax returns. You don’t need to hit a revenue threshold. You need a plan for the equipment and a reasonable credit profile.
How Fast You Get Funded
Most equipment financing applications get approved the same day. Funding typically hits your account in 2 to 5 business days. That’s the difference between landing a job and losing it.
Compare that to a traditional bank: 30 to 90 days is common, and many banks won’t finance equipment for businesses under 2 years old at all.
Equipment Financing Terms and Amounts
Here’s what ROK offers through our partnership:
– Amounts from $10,000 to $5,000,000
– Terms from 12 months to 5 years
– Low down payment options (some with no down payment at all)
– Monthly payments
– Fixed or variable rates based on your credit profile and the equipment type
The equipment itself typically serves as the collateral, which is why rates on equipment financing tend to be lower than unsecured working capital or merchant cash advances.
Equipment Financing for Startups and Businesses With Bad Credit
This is one of the things that surprises most business owners. Because the equipment acts as collateral, lenders are more willing to work with new businesses and owners with credit challenges than they are on other loan types.
ROK offers equipment financing options starting at a 580 FICO. They also fund businesses with less than 2 years of operating history (capped at $50,000 for companies under 2 years). If your personal credit has taken a hit from a divorce, a medical bill, or a business setback, equipment financing is often still available.
The 2025 Tax Law Change That Matters for Equipment Buyers
This section is worth reading carefully because it can save you real money.
On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) was signed into law. It permanently brought back 100% bonus depreciation for qualifying business equipment. If you buy qualifying equipment and put it to work after January 19, 2025, you may be able to deduct the full purchase price in year one, even if you financed the equipment rather than paying cash.
Here’s an example of what that looks like in practice:
– A contractor buys a $180,000 directional drill and puts it into service in 2025
– Under the old rule, he could deduct 40% ($72,000) in year one and spread the rest across multiple years
– Under the new rule, he may be able to deduct the full $180,000 in year one
– At a 25% effective tax rate, that’s an extra $27,000 in tax savings in year one
Section 179 expensing also increased. The annual limit went from about $1.25 million to $2.5 million, giving more business owners access to full first-year expensing on qualifying equipment.
Even better, financing the equipment does not disqualify you from taking the deduction. You can take delivery of the asset, put it in service, start generating revenue from it, and deduct it on this year’s return while paying it off over 3 to 5 years. That’s the stacking effect that makes this moment particularly valuable for equipment buyers.
Disclaimer: Strive Insurance Group is an insurance and bond agency. We are not CPAs or tax advisors. Tax rules around bonus depreciation, Section 179 limits, state conformity, and business entity type vary. Please discuss with your tax professional before making equipment purchases based on a specific tax strategy. The information above is general and current as of the OBBBA signing in July 2025 and IRS Notice 2026-11 issued January 2026. By using our partner link with ROK, we may receive a commission if your loan is funded but it won’t cost you anything extra.
How to Apply for Equipment Financing
The process is designed to be quick:
1. Start the online application. Basic business info only. Takes about 15 seconds.
2. Get matched with a Business Financing Advisor at ROK who reviews your profile and recommends the best equipment financing options.
3. Submit supporting documents. For most equipment loans, that’s a signed application, an invoice or quote for the equipment, and 4 months of business bank statements if applicable.
4. Review your offer. Rates, terms, monthly payment, and total cost laid out side by side.
5. Sign and get funded. Typically within 2 to 5 days.
Other Small Business Financing Options Worth Knowing About
If you’re looking at equipment financing, there’s a good chance your business also has other capital needs. Most of the business owners who finance equipment also use one or more of the following. A few worth knowing about:
Working Capital Loans. If you need cash for payroll, materials, fuel, or other day-to-day costs, a working capital loan can fund the same day with no minimum FICO. Useful when you have the equipment but need operating cash to run the job.
Accounts Receivable (AR) and Purchase Order Financing. Contractors and B2B businesses often wait 30 to 90 days to get paid on invoices. AR financing turns those unpaid invoices into immediate cash. Requires $500,000+ in annual sales and $100,000+ in outstanding receivables.
Business Line of Credit. A revolving credit line you can draw from as needed. Pay interest only on what you use. Same-day funding available. Great for covering gaps between jobs or handling unexpected expenses.
SBA Loans. Government-backed loans with lower rates and longer terms, up to $5 million and 25 years. Approved in 48 to 72 hours, funded in about 45 days. Best for established businesses planning a bigger move.
Term Loans. Fixed lump sum, fixed monthly payments, set payoff date. Funding in 1 to 3 days for qualifying businesses. Best when you need a single larger amount and want predictable payments. Requires 2+ years in business and a 660+ FICO.
If you’re in construction specifically, we put together a dedicated page covering all the financing options most relevant to construction companies. See our Construction Business Loans page for the full breakdown.
Why Strive Insurance Group and ROK Financial
Strive Insurance Group was named a Top 5 Insurance Agency by Business Rate for 2025.
We’ve helped fiber and BEAD contractors secure performance bonds, apartment building owners find the right property coverage, cannabis businesses get their licensing bonds in place, and freight brokers get their BMC-84 bonds approved. Small business owners who work with us get an introduction to ROK Financial when they need capital.
What that means for you:
– A real local team that knows your business, your industry, and the bonds and insurance policies you already carry
– Straight talk about which financing product actually fits your situation
– No commission-driven pressure from us, since we earn our money on insurance and bonds, not on which loan you pick
– One point of contact who can connect the insurance side and the financing side when it matters
Frequently Asked Questions
What is equipment financing for business?
Equipment financing for business is a loan or lease used to buy or rent physical assets a company needs to operate. Common examples include trucks, machinery, medical equipment, office furniture, and technology. The equipment itself usually serves as collateral, so you often don’t need to pledge other assets.
How much equipment financing can I qualify for?
Through our ROK Financial partnership, equipment financing ranges from $10,000 to $5 million. Businesses with less than 2 years of operating history are capped at $50,000. The exact amount depends on the equipment type, your revenue, your credit, and your industry.
What’s the difference between equipment financing and equipment leasing?
Financing means you own the equipment while making payments, and you keep it outright once the loan is paid off. Leasing means the lender owns the equipment and you pay to use it. Most leases are structured as lease-to-own, where ownership transfers to you at the end of the term. Your Business Financing Advisor can walk you through which structure makes more sense for your business.
Can I get equipment financing with bad credit?
Yes. ROK offers equipment loans for business with FICO scores starting at 580. Because the equipment acts as collateral, lenders are more flexible on credit than they are with unsecured loans. Your rate may be higher with a lower credit score, but approval is very possible.
Can I get equipment financing as a startup?
Yes. Equipment financing has no minimum time in business requirement. Businesses under 2 years old are capped at $50,000, but that’s still enough for most smaller equipment purchases. For new businesses, your personal credit and the specific equipment being financed carry more weight in the decision.
How fast can I get equipment financing?
Most equipment financing applications get approved the same day. Funding typically hits your account in 2 to 5 business days. SBA-backed equipment loans take longer (about 30 to 45 days) but offer lower rates for qualifying businesses.
Do I need a down payment for equipment financing?
Many equipment loans through ROK offer low or no down payment options. Some programs require 10 to 20% down depending on the equipment, your credit profile, and the lender. Used equipment sometimes requires more down than new equipment.
Can I write off equipment I finance under the new tax law?
Under the One Big Beautiful Bill Act signed July 4, 2025, qualifying equipment bought and placed in service after January 19, 2025 may be eligible for 100% first-year bonus depreciation, even if financed. Section 179 expensing also increased to $2.5 million. Please confirm with your CPA, as rules vary by equipment type, state, and business structure.
What documents do I need to apply for equipment financing?
Typically: a signed application, an invoice or quote for the equipment you want to buy, and 4 months of business bank statements if applicable. Some applications need nothing more than the signed app and the quote.
Does Strive Insurance Group make the equipment loans?
No. Strive is a business insurance and surety bond agency. Our clients get access to equipment financing through our partnership with ROK Financial, which is the lender. We make the introduction. ROK handles the loan.
Ready to Fund Your Equipment?
Don’t miss out on a job because the bank is moving too slow. Apply in 15 seconds and have an answer the same day.
Apply in under 15 seconds, Decision in as little as 24 hours
Call Strive Insurance Group: (405) 341-0630
17933 N Pennsylvania Ave, Ste 101, Edmond, OK 73012