Equipment financing helps a business acquire eligible equipment while spreading payments over time. Compare equipment funding, a lease, and a cash purchase using the full cost, how long you will use the asset, and the working capital you need to retain.
Purchase planning
Advertised financing starts at $10,000, with requests of $500,000 or more subject to program review.
Term range
12–72 months, depending on the asset, program, and underwriting.
Bring a quote
Identify the vendor, equipment, condition, price, and intended business use.
Equipment Funding vs. Lease vs. Cash
| Option | What to review | When it may fit |
|---|---|---|
| Equipment funding | Ownership, lien, interest, fees, down payment, and payoff terms. | A long-lived asset you expect to keep. |
| Lease | Ownership during the lease, maintenance, return conditions, renewal, and purchase option. | Equipment that may need regular replacement; availability varies. |
| Cash purchase | Upfront cost and the operating reserves left afterward. | A purchase that will not strain working capital. |
Compare the same equipment and useful-life period across funded purchase, lease and cash options. Add deposits, all scheduled payments, maintenance, insurance, fees and any lease-end buyout or return cost, then account for expected resale value. Leasing may suit an asset that needs frequent replacement; ownership may suit equipment you plan to retain. Confirm upgrade and early-exit terms. A lower payment can hide a residual obligation, and approval does not establish that the asset will generate enough revenue to cover its cost.
New and Used Equipment Across Industries
Potential purchases include construction machinery, manufacturing tools, restaurant equipment, medical or office equipment, and commercial vehicles. Eligibility depends on the specific asset and program. Used equipment may require information about age, condition, remaining useful life, valuation, and the seller.
For tractors, trailers and other commercial vehicles, prepare the make, model, year, identification or serial number, mileage or operating hours, seller details, purchase price and available title records. Explain the intended commercial use and include inspection, insurance, delivery and registration costs in the budget. Asset age, condition, title, vendor and program restrictions need review. A specialist must confirm whether a particular request is supported; this is not a promise of a separate tractor or trailer program.
Budget Beyond the Sticker Price
Ask whether taxes, freight, installation, training, warranties, or software can be included. Some costs may need to be paid separately. Financing up to the purchase price is subject to review; a down payment may be required. Confirm insurance, maintenance, lien, and personal guarantee requirements.
Application Requirements and Vendor Coordination
- Starting guidelines: one year in business, $25,000 in monthly revenue, and a credit score of 575.
- A U.S.-based business with an active business bank account and no active bankruptcy under the stated program guidelines.
- A signed application and four recent complete business bank statements (three months minimum).
- A detailed vendor quote and requested equipment information; additional financial or identity records may be required.
- Choose the equipment and request an itemized vendor quote.
- Submit the merchant application directly to Logic Advance with four complete monthly business bank statements (three months minimum); have your vendor quote ready for review.
- Review the available structure, costs, security obligations, and delivery requirements.
- Coordinate any vendor payment, inspection, acceptance, and closing conditions with your contact.
Vendor-arranged funding can reduce back-and-forth over specifications, invoices and delivery. Obtain an itemized quote, submit your business application, then review the provider, pricing, security, acceptance criteria and payment instructions before authorizing a purchase. Compare a vendor offer independently with other available options, including any cash discount. Track progress with your Logic Advance contact: ask whether the file is awaiting documents, underwriting, vendor verification, acceptance or funding. A preapproved equipment line, where offered, normally still has a limit, expiration and purchase conditions; no such facility is committed through this page.
Section 179 and Depreciation: Plan With Your Tax Adviser
Eligible equipment may qualify for depreciation deductions, including a Section 179 election in qualifying circumstances. A deduction reduces taxable income; it is not a dollar-for-dollar refund of the purchase price. Ownership, business use, when the equipment is placed in service, income limitations, and current federal and state rules matter.
For a planning estimate, identify eligible cost and business-use percentage, confirm the asset is placed in service, then apply the current deduction limits and taxable-income restrictions with your tax adviser. A hypothetical $40,000 allowable deduction at a 25% marginal rate would reduce tax by $10,000 before other tax effects; it is not a $40,000 cash refund. Depreciation generally depends on tax ownership and business use, so a funded purchase and a lease may be treated differently. Keep invoices, payment agreements and in-service records. Do not apply old annual limits or assume a particular tax saving. Read IRS Topic 704 on depreciation and IRS Publication 946 for authoritative guidance.
Explore other business financing options or ask an equipment financing question.
From Vendor Quote to Equipment at Work in Your Business
Equipment funding starts at $10,000, with requests of $500,000 or more subject to program review, and terms from 12 to 72 months depending on the asset, program, and underwriting. The starting guidelines are one year in business, $25,000 in monthly revenue, and a credit score guideline of 575, with a U.S.-based business, an active business bank account, and no active bankruptcy. You apply with a signed application, four recent complete bank statements at three months minimum, and a detailed vendor quote that identifies the equipment, its condition, its price, and its intended business use.
Timing depends on underwriting, documentation, the vendor, and asset verification, so send the itemized quote early and respond quickly when the team asks for serial numbers, title records, or delivery details. Before you sign, review the structure, total cost, security obligations, acceptance criteria, and payment instructions in the written offer. Then picture the after-state: the machine installed, the truck on the road, and your crew doing work you had to turn down before. If you have priced this equipment more than once while the money stayed out of reach, your search ends here: one clear application, one written offer, and equipment that starts earning its keep. The goal is simple: the right asset, at a payment your cash flow planned for.
Send the Quote and the Statements, Get Equipment to Work
Equipment funding at Logic Advance starts at $10,000, with requests of $500,000 or more subject to program review, on terms from 12 to 72 months depending on the asset, the program, and underwriting. The starting guidelines are one year in business, $25,000 in monthly revenue, and a credit score guideline of 575. You apply with a signed application, four recent complete bank statements at three months minimum, and a detailed vendor quote. The page's own planning example shows how to build the request: equipment priced at $100,000 with $5,000 in delivery and installation is a $105,000 acquisition budget before other costs.
That is the logical side — the asset, the full delivered cost, and a payment your cash flow planned for. The other side is the work itself: the machine installed, the truck on the road, and your crew taking jobs you had to turn down while the money stayed out of reach. Logic Advance is growing by funding owners on clear written terms and investing in the partners who send them, and a complete file with an itemized quote is what moves first. If you have priced this equipment more than once, that search ends here: send the quote and the statements, read one written offer, and put the equipment to work.
Price the First Year of Ownership, Not Just the Purchase
The purchase price is only the first line of an equipment budget. Price the first year of ownership instead: delivery and installation, insurance, maintenance, training, and the operating reserve that carries payroll while the new asset is installed and your crew learns it. This page's planning example makes the habit concrete: equipment priced at $100,000 with $5,000 in delivery and installation is a $105,000 acquisition budget before other costs. Ask which of those costs can be included in the funded amount and which need separate cash, then match the term, inside the published 12 to 72 month range, to how long the equipment will actually work in your business, rather than discovering them one invoice at a time after closing.
The starting guidelines are one year in business, $25,000 in monthly revenue, and a credit score guideline of 575, with funding starting at $10,000 and requests of $500,000 or more subject to program review. You apply with a signed application, four recent complete bank statements at three months minimum, and a detailed vendor quote. Logic Advance is growing by funding owners on clear written terms and investing in the partners who send them, and a complete file with an itemized quote is what moves first. If you have priced this equipment more than once while the money stayed out of reach, that search ends here: fund the full first-year cost, put the machine to work, and let it start earning its keep.
Decide What Cash Stays in the Business Before You Choose the Structure
Two ways of paying for the same machine can leave your business in completely different shape. Pay cash for this page's example, equipment priced at $100,000 with $5,000 in delivery and installation, and the full $105,000 leaves your operating account before the machine earns its first dollar. Fund the same purchase and the cost spreads across the term while your cash keeps covering payroll, materials, and the surprise repair that always seems to arrive in the same month. So decide the cash question first: how much money must stay in the business for it to run comfortably while the new equipment ramps up?
Build the answer from your own month. List the operating cash your business cannot go without, then look at what remains for a down payment, because this page is plain that financing up to the purchase price is subject to review and a down payment may be required. The starting guidelines are one year in business, $25,000 in monthly revenue, and a credit score guideline of 575, with funding starting at $10,000, requests of $500,000 or more subject to program review, and terms from 12 to 72 months depending on the asset and underwriting. You apply with a signed application, four recent complete bank statements at three months minimum, and a detailed vendor quote. Logic Advance is growing by funding owners on clear written terms and investing in the partners who send them. If you have priced this equipment more than once while the money stayed out of reach, that search ends here: keep the cash the business runs on, fund the machine, and watch it start paying its way.
Plan the First 90 Days the Machine Is on Your Floor
New equipment starts paying you back on a schedule, not on delivery day, so plan its first 90 days before the funding closes. This page prices its example in full: equipment at $100,000 with $5,000 in delivery and installation makes a $105,000 purchase, and delivery, installation, and training all sit between the vendor getting paid and the machine earning its first dollar. A plan that names the install week, the training days, and the first paying jobs turns that gap into a ramp you scheduled, instead of a surprise the first payment meets alone.
Build the 90 days from your own order book. Put the delivery and installation dates from your itemized vendor quote in week one, staff training in the weeks that follow, and the first jobs the machine was bought for across the rest of the quarter, then check the plan against the guidelines on this page: one year in business, $25,000 in monthly revenue, and a credit score guideline of 575, with funding starting at $10,000, requests of $500,000 or more subject to program review, and terms from 12 to 72 months. By day ninety the plan should answer one plain question with records instead of hope: is this machine carrying its payment yet, and if not, by how much is it short? Logic Advance is growing by funding owners on clear written terms and investing in the partners who send them. If a bank priced the machine but never asked when it would earn, that search ends here: fund the purchase, plan the ramp, and watch the first quarter prove the decision, finally.
Frequently Asked Questions
Can I finance used equipment?
Used equipment may be eligible depending on age, condition, value, seller, and the program. Supply a detailed quote and ask about restrictions before making a purchase commitment.
Is a down payment required?
It depends on the asset and underwriting. Do not assume 100% financing. Review the financed amount, upfront costs, and any deposit in the written offer.
Who owns the equipment?
Ownership depends on whether the arrangement is a funded purchase or a lease and on its specific terms. Review liens, purchase options, return conditions, and end-of-term obligations.
Can delivery and installation be financed?
Some programs may include eligible delivery or installation costs, while others cover only the equipment. For example, a $60,000 machine plus $4,000 delivery and setup produces a $64,000 project budget before fees, insurance and other costs. Ask which items can be funded and which need separate cash. This is an illustrative scenario, not a recent customer transaction or approved offer.
How can I estimate Section 179 savings?
A tax professional should review qualifying cost, business use, placed-in-service timing, income limitations, and current-year rules. A potential deduction is not the same as tax savings or a guaranteed refund.
How do I track my application?
Contact your Logic Advance representative, call (800) 403-3170 or email apply@logicadvancegroup.com with your business name and a request for a status update. Ask what remains outstanding, who needs to act and when the next review is expected. Send financial documents only through the approved submission channel; this page does not provide a customer tracking dashboard.
Is a preapproved equipment credit line available?
Where a provider offers a preapproved equipment line, it can set a maximum amount for later purchases within a stated period. Each asset, vendor, draw and closing condition may still need approval. Ask about expiration, unused-limit fees, eligible assets and whether approval can change. Logic Advance does not advertise a committed equipment line here; confirm actual availability with the team.
What information should I bring to a specialist?
Bring the equipment description, vendor quote, intended use, desired timing, business history, and requested amount. Prepare a signed application and four recent complete business bank statements (three months minimum).
Will equipment financing improve my credit score?
That depends on reporting and payment history. Ask whether the provider reports the account; no credit-score increase is guaranteed.
How quickly can the purchase close?
Timing depends on underwriting, documentation, the vendor, asset verification, delivery, and closing conditions. Ask for an estimate tied to your specific purchase.
What types of equipment can be funded?
Eligible purchases can include construction machinery, manufacturing tools, restaurant equipment, medical and office equipment, and commercial vehicles, depending on the asset and the program. The equipment must have a clear business use, and a specialist reviews the specific item, vendor, and price before confirming it can be supported. Start with an itemized vendor quote that names the equipment, model, and condition.
Should I fund new or used equipment?
New equipment usually costs more but may come with warranty coverage and a longer useful life. Used equipment can cost less up front, but the review may weigh age, condition, remaining useful life, and value more closely. Compare the total payments, expected years of use, and maintenance costs for both options instead of comparing the purchase price alone.
How much equipment funding can I request?
Advertised financing starts at $10,000, and requests of $500,000 or more are subject to program review, with terms from 12 to 72 months depending on the asset, program, and underwriting. Your approved amount reflects the equipment price, your revenue and cash flow, and how long the asset will be in service. A detailed quote helps the review confirm the amount you actually need, including any delivery or installation you hope to include.
What credit score do I need for equipment funding?
The starting guideline is a credit score of 575, alongside at least one year in business and $25,000 in monthly revenue. The full review also considers cash flow, the equipment itself, and existing obligations, so the score is a starting point rather than the whole decision. Ask how the asset and your statements affect the review if your score is near the guideline.
What do I own at the end of the funding term?
With a funded purchase, you own the equipment once all payments and obligations in your agreement are complete and any filing against the asset is released. With a lease structure, the end of the term follows the options written into that agreement, such as a purchase option or a return. Confirm the end-of-term terms in writing before you sign, because they differ between a funded purchase and a lease.
What can slow down an equipment funding closing, and how do I avoid delays?
Common delays include an incomplete vendor quote, missing bank statements, slow vendor verification, and missing serial numbers, title records, or delivery details for the asset. You can keep the closing moving by submitting four complete months of statements with your application, sending an itemized quote early, and responding quickly when the team asks for asset or vendor information.
What happens after I apply for equipment funding?
The team reviews your signed application, bank statements, and vendor quote, and may request asset or vendor verification before presenting a written offer. You review the structure, costs, and security obligations, then coordinate any vendor payment, inspection, acceptance, and closing conditions with your contact before the purchase is completed.
Can taxes, freight, and training be included in my equipment budget?
Ask about each cost separately. Some programs may include eligible delivery or installation, while taxes, freight, training, warranties, or software may need to be paid separately. Build the full acquisition budget before you apply, as this page does with a $100,000 machine and $5,000 in delivery and installation, so the request matches the true total.
What insurance and maintenance costs should I plan for with new equipment?
Plan for insurance and maintenance alongside the funding payment, not inside it, unless your written offer says otherwise. Confirm the insurance, maintenance, and lien requirements for your asset before you sign, and keep enough operating cash reserved so the equipment stays covered and serviced while it earns its keep.
What happens between approval and the vendor getting paid?
After approval, you complete the signed agreement and any closing conditions, and the team coordinates vendor payment, inspection, and acceptance steps with you. Keep serial numbers, title records, and delivery details ready, because missing asset information is a common reason this stage slows down.
What should I check in an equipment funding offer before I sign?
Check the provider, the total pricing, any down payment, and the payment schedule, plus security obligations, acceptance criteria, and payment instructions. Confirm whether the structure is a funded purchase or a lease, and what the end-of-term terms say about ownership, purchase options, or return conditions, before you authorize the purchase.
Can I fund another piece of equipment later as my business grows?
Yes. A later purchase can be reviewed as a new application based on your business and the new asset at that time. Keep the vendor quote itemized, your statements complete, and your payments on any current agreement on schedule, because the review weighs the equipment itself, your revenue and cash flow, and your existing obligations.
What should my vendor quote include?
The quote should identify the equipment, its condition, its price, and its intended business use. For tractors, trailers, and other commercial vehicles, also prepare the make, model, year, identification or serial number, mileage or operating hours, seller details, purchase price, and available title records. An itemized quote lets underwriting value the asset itself instead of guessing at a general dollar amount.
Can I fund equipment from more than one vendor in one application?
Present each vendor's itemized quote together as one total project budget. The review weighs the equipment itself, your revenue and cash flow, and your existing obligations, so separate quotes with clear prices are easier to review than one combined estimate. This page's examples build a single budget from separate cost lines — the equipment price plus delivery and setup — and multiple quotes can be presented the same way.
How does the term length relate to the equipment I am buying?
Published terms run from 12 to 72 months depending on the asset, the program, and underwriting. In practical terms, the term should make sense against the working life of the equipment: a machine expected to earn for years supports a longer schedule than a short-life asset. Your written offer states the actual term and payment for the specific equipment in your quote, so judge the fit from those numbers.
What if the equipment price changes after I am approved?
Your review is built on the vendor quote you submitted, so tell the team about a price change before you make a purchase commitment, not after. An updated itemized quote keeps the file accurate and avoids a closing delay. The same applies if you switch to a comparable unit: send the new quote with its condition, price, and seller details so the review can be updated.
Should I get the vendor quote before or after I apply?
Get the quote first, or at the same time. This page's application guidance is to submit the signed application and four complete monthly bank statements with your vendor quote ready for review. Coming in with the asset already identified — what it is, what it costs, and what work it will do — gives underwriting the full picture in one pass and keeps the closing on the vendor's timeline instead of yours.
What happens if the equipment I want is sold before my funding closes?
Choose a comparable replacement and send its updated quote — condition, price, and seller details — so the team can update the review. Do not commit to a different purchase on the assumption the original approval carries over unchanged; the review weighs the specific asset. Keeping a second-choice unit in mind when you first shop can save days if your first choice sells.
What should a first-year ownership budget include?
Include the purchase price plus delivery, installation, taxes, insurance, maintenance, training, and any software the equipment needs to run. This page's example shows the pattern: $100,000 of equipment with $5,000 of delivery and installation is a $105,000 budget before other costs. Ask which items can be included in the funded amount and which need separate cash, and keep a reserve for the weeks the asset is being set up.
How do I compare two quotes for the same equipment?
Compare the full delivered picture, not the sticker alone: equipment condition, price, delivery and installation charges, warranty coverage, and the seller's timeline. Send both itemized quotes with your application if you are deciding between vendors, and tell the team which one you prefer and why. The review weighs the specific asset, so a cheaper quote with missing details can take longer than a complete one.
Can installation timing affect when I should apply?
Yes. Vendor lead times, delivery windows, and installation schedules decide when the equipment starts earning, so apply with the quote in hand while those dates are still ahead of you. Send the itemized quote early and respond quickly when the team asks for serial numbers, title records, or delivery details. A closing that matches the vendor's calendar keeps the purchase from stalling at the final step.
What maintenance records help if I fund a second machine?
Keep service receipts, repair history, and usage records for the first machine, plus the vendor quotes for both purchases. Together they show the asset was maintained, worked as planned, and supported the revenue in your statements. A second request is a new review based on your business at that time, and a documented first purchase gives underwriting a track record instead of a promise.
Should I fund software and training with the equipment or separately?
Ask which soft costs the program can include. Taxes, freight, installation, training, warranties, and software may be includable in some structures and paid separately in others. Name them in your budget either way, using this page's habit of pricing beyond the sticker, so the equipment arrives ready to run instead of waiting on a second purchase your cash has to absorb.
How do I plan for the end of the term from day one?
Read the end of the agreement before you sign the beginning: ownership at term end, any purchase option, return conditions, and payoff terms differ between a funded purchase and a lease. Match the term to the equipment's useful life, keep invoices and in-service records, and review the remaining obligation each year. Owners who know their end-of-term position can plan a replacement or a second purchase without surprises.
How much cash should I keep in the business after an equipment purchase?
Keep enough to run the business while the equipment ramps: payroll, rent, materials, insurance, and a reserve for the repair or slow week that arrives without asking. This page's budget habit is the guide. Price the full delivered cost first, like its $100,000 machine with $5,000 of delivery and installation, then decide what down payment your operating cash can truly spare.
Can I fund equipment for a second location?
Yes, a second location's equipment can be part of a request, subject to review of the asset, the vendor, and the program. Bring an itemized vendor quote for each location, identify the equipment, its condition, its price, and its intended business use, and explain how the new location's revenue will carry its share of the payment while it ramps up.
What if the equipment needs repairs in its first year?
Plan for it in the budget instead of being surprised by it. This page advises confirming insurance and maintenance requirements before you sign and asking whether warranties can be included in the amount you request. Keep the vendor's warranty terms and your maintenance records from day one, because a funded machine that sits broken helps no one, and a small reserve keeps a repair from becoming a crisis.
Should I time my equipment purchase around my busiest season?
When you can, yes. Having the equipment installed, inspected, and accepted before your busiest weeks means it earns during the season instead of arriving in the middle of it. Work backwards from the season: get the itemized vendor quote early, apply with your statements ready, and confirm delivery and installation timing with your contact so acceptance happens before the rush, not during it.
Can a warranty or service contract be part of the amount I request?
Ask, because this page lists warranties among the costs that may be includable in some structures and paid separately in others, alongside taxes, freight, installation, training, and software. Name the warranty or service contract in your budget from the start, with its price from the vendor, so the written offer can show whether it is inside the funded amount or an expense your cash should plan for.
What paperwork should I keep for my taxes after I buy equipment?
Keep the invoices, the payment agreement, and the in-service records that show when the equipment was placed in service. This page's tax section explains why: any depreciation deduction, including a Section 179 election in qualifying circumstances, depends on tax ownership, business use, and the placed-in-service date. Organized records let your tax adviser apply the current rules correctly instead of reconstructing the purchase a year later.
What should my first-90-days plan for new equipment include?
Include the delivery date, the installation and calibration days, staff training, and the first jobs the equipment was bought to perform, each with its own date. This page's example budgets $5,000 for delivery and installation on top of a $100,000 machine, and those steps decide when earning starts. A dated plan shows the reviewer, and you, exactly how the ramp is supposed to run.
How soon should new equipment start covering its own payment?
There is no single week that fits every machine, but the plan should name one. Work backwards from the payment schedule in your written offer and mark the date by which the equipment's work should be carrying its payment, then track the real jobs against that date. If the ramp slips, you will see it in the first month, while a smaller problem is still cheap to fix.
What if installation or training takes longer than the vendor promised?
Tell the funding team early and re-date the plan, rather than letting the first payment arrive against a machine that is not yet running. Keep the vendor's revised dates in writing and note which planned jobs move with them. This page asks for a detailed vendor quote for a reason: the dates in it are the baseline every delay should be measured against.
Can I fund spare parts and starter supplies with the equipment?
Ask, and itemize them in the request if they belong to the purchase. This page already treats delivery and installation as part of the real cost, taking its example from $100,000 to $105,000. Spare parts and starter supplies that the machine needs in its first quarter are the same kind of cost, and naming them up front is better than funding them out of operating cash later.
How do I track whether a machine is earning what the plan expected?
Keep a simple weekly record for the first quarter: the jobs the machine worked, the revenue those jobs produced, and any downtime, set against the 90-day plan you made before funding. Compare the record with the payment amount each month. Three months of that record is also the strongest evidence you can bring if you later fund a second machine as the business grows.
What should I review at the end of the equipment's first quarter?
Review four things: whether installation and training finished on the re-dated schedule, whether the machine's work is covering its payment, what the first repairs or service visits cost, and what your cash position looks like against the reserve you meant to protect. That review closes the plan you made before funding and sets the maintenance and savings habits for the rest of the term, which runs 12 to 72 months on this page.
Availability, pricing, approval, and funding timing depend on the program and underwriting. Review your written offer and agreement before accepting financing.