Equipment Financing
Buy or lease the equipment you need, the equipment is the collateral.
Talk to an underwriter at (555) 123-4567
What it is
Sprint equipment financing lets you buy or lease tangible business equipment without paying the full price up front. Because the equipment itself usually serves as collateral, our approval criteria can be more flexible than on unsecured products, and terms can stretch longer because the asset retains value over time. We underwrite the deal, we fund the vendor, and you take delivery.
Equipment financing covers commercial equipment purchases: trucks and trailers, construction and farm equipment, restaurant equipment, medical and dental equipment, manufacturing machinery, and IT and office systems. We fund the purchase, take a security interest in the equipment, and you repay over a fixed term that often matches the useful life of the asset.
How equipment funding works
The path from a quick conversation to money in your account.
Submit a quick file
Send three months of business bank statements and a short application. No hard credit pull at this stage.
We underwrite in-house
A Sprint underwriter reviews the file end to end and walks you through the offer in plain English — amount, term, rate, fees, prepayment.
Sign and fund
Sign the loan documents electronically, we verify, and we wire the funds to your business account.
Is this right for you?
Honest pros and cons. Read both before you decide.
Pros
- Equipment serves as collateral, which makes underwriting more flexible
- Spread the cost of a large purchase over the asset's useful life
- Terms commonly stretch out to 60 or 84 months
- Some structures may carry tax benefits, including Section 179
Things to watch
- Restricted to specific equipment with a vendor invoice
- Down payment of 0 to 25 percent may be required
- Equipment can be repossessed if you default
- Used or older equipment may have stricter terms
What we will need from you
A short, predictable list. Most owners gather this in under an hour.
- Equipment quote or invoice from the vendor
- Three to six months of business bank statements
- Most recent business tax return for larger requests
- Driver license for each owner with 20 percent or more ownership
- Application with description of the equipment and use
Equipment questions
What owners ask us most when they are weighing this product.
Can I finance used equipment?
Yes. We finance used equipment, although the year, condition, and remaining useful life of the asset can affect the term length and rate.
Is equipment financing the same as a lease?
Not exactly. A loan finances a purchase and you own the equipment outright once it is paid off. A lease is a rental arrangement, sometimes with a buyout option at the end. We offer both structures and pick the one that fits the asset and the use case.
Do I need a down payment?
It depends on the equipment type and credit profile. Many programs are zero down for established businesses with strong credit. Used or specialized equipment may require 10 to 25 percent down.
Can I write the financing payments off?
Ask your accountant about Section 179 and bonus depreciation. Many owners use those provisions to reduce taxable income on financed equipment.
Related products
Other options small business owners often weigh next to equipment.
Small Business Term Loan
A traditional installment loan from Sprint with a clear amortization schedule and predictable monthly payments.
Learn moreSBA Loans
SBA-guaranteed loans from Sprint, with longer terms and lower payments for qualifying borrowers.
Learn moreBusiness Line of Credit
A revolving credit line from Sprint you can draw from, repay, and reuse as you go.
Learn moreTalk to us about equipment.
A Sprint underwriter will look at your situation and tell you straight whether this is the right fit — or whether something else makes more sense.
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