Equipment Financing.
Asset-backed capital to acquire, refinance, or upgrade essential equipment. Up to 100% financing on new and used assets across trucking, manufacturing, construction, medical, and technology.
Overview
Equipment Financing, structured for institutional placement.
Equipment financing is a self-secured loan where the asset itself serves as collateral. This typically allows for stronger approvals, longer terms, and better rates than unsecured working capital. Summit places equipment deals with manufacturer-backed captives, independent finance companies, and bank lessors — including for vendor programs, sale-leasebacks, and refinance of existing equipment loans.
Typical Terms
Qualification
Required Documentation
- 01Invoice or quote from the equipment vendor
- 02Last 3 months of business bank statements
- 03Most recent business and personal tax return (for amounts over $250K)
- 04Driver's license for personal guarantor(s)
Process
Complete a confidential intake. No credit pull, no obligation.
Our team reviews your profile against our active lender network and returns indicative terms.
Compare structured options. We negotiate pricing and terms on your behalf.
Documents signed electronically. Capital wired directly to your operating account.
Frequently Asked
Questions on equipment financing.
Can I finance used equipment?+
Yes. Most lenders finance both new and used equipment, though age and condition affect rate and term. Equipment older than 10 years may require additional underwriting.
Is a down payment required?+
Many programs offer 100% financing including soft costs (delivery, installation, tax). Down payments of 10 – 20% may be required for newer businesses or harder-to-collateralize equipment.
What is a sale-leaseback?+
A sale-leaseback lets you sell owned equipment to a lender for cash, then lease it back over a fixed term — unlocking equity in existing assets without disrupting operations.
Can start-ups qualify?+
Yes. Several lenders have dedicated start-up equipment programs, typically requiring industry experience, a strong personal credit profile, and a larger down payment.
What's the difference between a loan and a lease?+
A loan transfers ownership immediately and ends with full title to you. A lease retains ownership with the lessor; you may have a $1 buyout, fair-market-value buyout, or simply return the asset at end of term.
From the desk
Recent research on equipment financing.
Trucking Sector Risk: Three Reasons Funders Are Still Cautious
Spot rates have stabilized but fuel volatility, insurance inflation, and concentration risk continue to keep most lender boxes restrictive on owner-operators.
Equipment Financing Rates: The Curve Is Finally Cooperating
With the front of the curve at 4.85% and the belly inverting only modestly, equipment financing pricing has improved materially for A and B credits.
Construction SMB Credit: Backlog Strong, Margins Compressed
Specialty contractor backlog data is at multi-year highs, but cost-of-goods inflation is squeezing gross margins to levels that warrant tighter underwriting.
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