Finance the Equipment Your Business Relies On

You choose the equipment and the seller; Coast finances the purchase and pays the vendor, dealer, or private party directly. You repay through fixed monthly payments over a term of 2 to 5 years, chosen at pre-approval. The equipment itself serves as collateral for the financing, and once your final payment clears, the asset is fully yours.

With financing, you own the equipment — every payment builds toward full ownership, and at the end of the term the asset is yours. With leasing, the lessor owns the equipment and you pay for the right to use it, typically returning, renewing, or buying it out when the lease ends. Financing usually makes sense for long-life equipment you'll use for years; leasing can fit fast-obsolescing assets. Coast offers both structures.

Approvals typically come back within 24 to 48 hours — significantly faster than conventional banks. For purchases up to $150,000, all we need is a one-page application and your equipment invoice, quote, or bill of sale. Larger requests may call for tax returns or financial statements, and your advisor will tell you exactly what's needed upfront.

Your rate depends on the qualifications of your business, your credit profile, and the equipment itself, so pricing is confirmed at pre-approval rather than quoted upfront. What you can count on: a fixed monthly payment that never changes, interest charged only on the outstanding balance, and on most programs the ability to pay off early without penalty. Your advisor confirms your exact terms before you sign.

The strongest approvals go to businesses with two or more years of operating history, $200,000+ in annual revenue, and a FICO score above 640 — though those aren't hard cutoffs. The equipment should be essential to your business and priced at $10,000 or more. There's no hard credit pull to explore your options, and if equipment financing isn't the fit, your advisor can point you to a Coast program that is.

Coast offers up to 100% financing for new and used equipment, so a traditional down payment usually isn't required. On most programs, the first and last month's payments are collected upfront — but they're applied to your term, not added on top of it. On a 60-payment term, for example, that leaves 58 payments remaining after funding.

Yes. Coast finances new and used equipment from the vendor, dealer, or private party of your choice — you pick the equipment and negotiate the price, and we pay the seller directly. The one requirement is that the seller has a U.S. presence; overseas vendors can't be paid through the program, so plan sourcing accordingly.

Coast runs specialty programs for medical, dental, construction, heavy machinery, and fleet vehicles, and also finances equipment for manufacturing, transportation, restaurants, retail, and automotive repair. If the equipment is essential to how your business makes money — from imaging machines to excavators to delivery vans — it's likely a fit. Your advisor can confirm eligibility for your specific asset in one conversation.

Equipment financing is secured — the equipment you're purchasing serves as the collateral. That's actually one of its biggest advantages: because the asset backs the financing, your broader business assets stay unencumbered, and qualified borrowers can access longer terms and larger amounts than most other funding structures allow.

If you're buying a hard asset — machinery, vehicles, medical or dental equipment — equipment financing usually wins: terms run 2 to 5 years, the equipment serves as collateral, and funds go straight to your vendor. A term loan is the better tool for one-time projects that aren't tied to a specific asset, like a renovation or marketing push, with funds deposited to your account. Your advisor can run both options side by side.

Generally yes, and financing does not reduce the deduction. Under an equipment finance agreement or an equipment loan you own the asset, so qualifying equipment can typically be deducted in full in the year it is placed in service while you pay for it monthly over the term. True leases are treated differently. Limits are set by the IRS and change annually — for the 2026 tax year the deduction is capped at $2,560,000 and begins phasing out above $4,090,000 of purchases. Coast is not a tax advisor; confirm the treatment with your accountant before you buy.

The equipment financing itself is secured by the asset, so it covers the machine. Delivery, installation, freight, training and the working capital to get the equipment earning are better handled separately — a business line of credit or working capital can cover those costs without complicating the equipment structure. Your Business Funding Advisor can put both sides together so the whole project is funded, not just the purchase.

Coast writes equipment terms from two to five years, with fixed monthly payments. The term is matched to the working life of the asset — a longer term on equipment that will still be earning in year five, a shorter one on something with a faster replacement cycle. Stretching a term past the useful life of the machine means paying for equipment you have already replaced, which is why the asset drives the structure.