Equipment Loan A loan allows you to buy the equipment and pay it off over time. Once you’ve completed the payments, you own the asset outright. Equipment Lease A lease lets you use the equipment for a set period with the option to purchase at the end. It typically comes with lower monthly payments and fewer upfront costs.

Choose a loan if You plan to use the equipment for years to come You want to build equity and own your assets You’re financing high-value or critical equipment You prefer predictable, fixed costs You want to take advantage of depreciation tax deductions

Choose a lease if: You want lower monthly payments You don’t want to tie up working capital You’re upgrading or replacing equipment often You’re a startup with limited credit You want end-of-term flexibility

Leasing is often easier to qualify for if you’re starting a new business or have credit challenges. Smart Business Credit offers flexible lease-to-own and loan programs for all credit types — including no hard credit check to apply. We evaluate more than just your score. We look at your business potential.

Yes. Whether you’re buying from a dealer, auction, or private seller, we offer both leasing and loan options for used equipment across industries.