Question 1

What types of equipment can I finance through GBB Loans?

Accepted Answer

GBB Loans' equipment financing covers virtually any business-essential asset: construction machinery, commercial vehicles, medical devices, restaurant equipment, manufacturing tools, IT infrastructure, agricultural equipment, and more. Whether you're purchasing new or used equipment, our lending network can structure financing around your specific acquisition needs.

Question 2

How do equipment financing rates compare to other loan types?

Accepted Answer

Equipment financing typically offers some of the most competitive rates in business lending because the equipment itself serves as collateral. Through GBB Loans, qualified borrowers can access APRs starting as low as 5.9% — often significantly lower than unsecured term loans or lines of credit. Your rate depends on equipment type, credit profile, and term length.

Question 3

What are the term lengths available for equipment financing?

Accepted Answer

Equipment financing terms through GBB Loans range from 12 months to 84 months (7 years), depending on the equipment's useful life and value. Heavy machinery and commercial vehicles often qualify for longer terms, while technology and lighter equipment may have shorter financing windows. Your advisor matches term length to the asset's productive lifespan.

Question 4

Do I own the equipment at the end of the financing term?

Accepted Answer

Yes — with equipment financing through GBB Loans, you own the asset outright once your final payment is made. Unlike equipment leasing, financing builds equity from day one. Some programs also offer early buyout options so you can own the equipment sooner and reduce total interest costs.

Question 5

Can I get equipment financing with bad credit?

Accepted Answer

Absolutely. Because the equipment serves as built-in collateral, lenders in GBB Loans' network are more flexible with credit requirements. Business owners with scores as low as 550 can qualify for equipment financing, especially when the equipment holds strong resale value. Your revenue and business history also factor into approval decisions.

Question 6

How quickly can I receive equipment financing?

Accepted Answer

Most equipment financing applications through GBB Loans receive approval within 24–48 hours. Funding timelines vary by equipment value — financing under $150K can fund in as little as 1–3 business days, while larger acquisitions may require equipment appraisals that extend the timeline to 5–7 days. Your advisor provides clear timelines upfront.

Question 7

Is a down payment required for equipment financing?

Accepted Answer

Down payment requirements vary by lender and equipment type. Many programs through GBB Loans offer 100% equipment financing with no down payment for qualified borrowers. When a down payment is required, it typically ranges from 10–20% of the equipment's purchase price. Putting more down often results in better interest rates and lower monthly payments.

Equipment Financing: Fast, Direct Funding to Grow Your Business Operations in 24 Hours

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Why GBB Loans Equipment Financing Works for You

Equipment as Collateral

Competitive Rates

Ownership from Day One

Flexible Terms Up to 7 Years

Your equipment financing in three easy steps.

Tell us about your equipment needs.

Compare equipment financing offers.

Acquire your equipment.

Explore additional funding solutions.

Commercial Business Loan

SBA Loans

Secured Business Loans

Equipment acquired, businesses elevated.

Equipment financing: FAQ.

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