Glovenco

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Equipment Financing

Equipment Financing for Your Business

Purchase machinery, furniture, trucks, or specialized equipment without affecting your cash flow.

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What can be financed?

Equipment financing lets you acquire the assets your business needs today while spreading the cost over time. The equipment itself serves as collateral, which means faster approvals and lower rates compared to unsecured loans.

What can be financed:

  • Commercial vehicles and trucking fleets
  • Industrial and manufacturing machinery
  • Restaurant and kitchen equipment
  • Medical and dental equipment
  • Construction and heavy equipment
  • Technology, servers, and point-of-sale systems
  • Commercial HVAC, refrigeration, and clean-room equipment

Loan vs. lease: Financing (loan) gives you ownership at the end of the term — best for equipment with long useful life. Leasing keeps payments lower and allows upgrades at term end — best for technology or equipment that depreciates quickly. Glovenco structures both options.

Typical terms: 24 to 84 months, financing 80–100% of equipment value. Loan amounts from $10,000 to $5,000,000+. Approval in as little as 24–48 hours for amounts under $150,000.

Processed through Gloven Funding — These products are originated through Gloven Funding, Glovenco’s dedicated business financing division. You can also apply directly at glovenfunding.com.

⭐ Advantages

  • Equipment serves as collateral — less personal risk than unsecured loans
  • Preserve working capital — don’t drain cash reserves on large purchases
  • Potential tax benefits: Section 179 deduction may apply to financed equipment
  • Fixed payments simplify budgeting over the equipment’s life
  • Fast approvals — many transactions close in 1–3 business days
  • Finance new and used equipment from any vendor

⭐ Requirements

  • Vendor quote or invoice for the equipment
  • 580+ personal credit score (680+ for best rates)
  • 6+ months in business (startups considered case-by-case)
  • Basic business information and bank statements
  • For amounts over $150,000: 2 years of tax returns and financials

Frequently Asked Questions:

What other equipment can I finance?

You can finance virtually any equipment essential to the operation of your business: industrial machinery, commercial vehicles, medical equipment, technology, specialized tools, and more.

Do I need to make a down payment to qualify?

Not always. Many programs allow financing up to 100% of the equipment cost, depending on the financial strength of the business and the type of asset.

How long does it take to get approved and receive funding?

The process can be very quick. In most cases, approval comes within 24 to 48 hours, and the funding is completed a few days later.

Can I finance used equipment or upgrade existing equipment?

Yes. There are programs for new equipment, used equipment, and also for renewing or replacing machinery that your company already owns.

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