7 Best Equipment Leasing Companies for 2025
The best equipment leasing companies should meet your financing needs, have competitive rates and offer industry expertise.
Equipment leasing is available from banks, alternative and direct lenders, as well as commercial vendors. The top leasing companies can offer competitive rates and terms, industry expertise and transparent lease agreements.
The right option for your business will vary based on the type of equipment lease
Here are our picks for equipment leasing companies, as well as tips to help you choose the best provider for your needs.
Why trust NerdWallet
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Best Equipment Leasing Companies
| Loan | NerdWallet rating | Best For | Max loan amount | Min. credit score | Next steps |
|---|---|---|---|---|---|
 National Funding - Equipment financing with Fundera by NerdWallet | Best for Startup businesses | $150,000 | 600 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 Triton Capital - Equipment financing with Fundera by NerdWallet | Best for Restaurant, technology and medical leasing | $250,000 | 580 | with Fundera by NerdWallet | |
| Pros
Cons
| |||||
 JR Capital - Equipment financing | Best for Equipment leasing with no down payment | $10,000,000 | 620 | ||
| Pros
Cons
| |||||
 Taycor Financial - Equipment leasing | Best for Borrowers with bad credit | $5,000,000 | 550 | ||
| Pros
Cons
| |||||
 First Citizens Bank - Equipment financing | Best for Heavy equipment leasing | Undisclosed | 640 | ||
| Pros
Cons
| |||||
 Crest Capital - Equipment leasing | Best for Fast equipment leasing | $1,000,000 | 650 | ||
| Pros
Cons
| |||||
 Wells Fargo - Commercial equipment financing | Best for Established businesses | Undisclosed | 700 | ||
| Pros
Cons
| |||||
Best Equipment Leasing Companies
Max loan amount
$150,000
Min. credit score
600
Min. annual revenue
$250,000
See Your Loan Optionswith Fundera by NerdWallet
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
National Funding - Equipment financing
Best for Startup businesses
Max loan amount
$150,000
Min. credit score
600
Min. annual revenue
$250,000
with Fundera by NerdWallet
Pros
- Funding in as little as 24 hours.
- Prepayment discounts available.
- Offers loans to startups and borrowers with bad credit.
- No collateral or down payment required.
Cons
- Charges a factor rate that makes it more difficult to compare costs with other lenders.
- Requires higher annual revenue than other online lenders.
- Misleading website marketing: National Funding offers only short-term loans and equipment financing/leasing.
- Charges an origination fee.
Max loan amount
$250,000
Min. credit score
580
Min. annual revenue
$150,000
with Fundera by NerdWallet
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Triton Capital - Equipment financing
Best for Restaurant, technology and medical leasing
Max loan amount
$250,000
Min. credit score
580
Min. annual revenue
$150,000
with Fundera by NerdWallet
Pros
- Can fund within one to two business days.
- No prepayment penalty.
- Flexible repayment options: monthly, quarterly, annually or semiannually.
Cons
- Charges an origination fee.
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
- Can be used to build business credit.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
JR Capital - Equipment financing
Best for Equipment leasing with no down payment
Max loan amount
$10,000,000
Min. credit score
620
Min. annual revenue
Undisclosed
Pros
- Funding available within 48 hours.
- Competitive rates and repayment terms.
- Flexible payment options available, including deferment options for certain industries.
- No down payment required.
- Can be used to build business credit.
Cons
- Must have good credit to qualify for no prepayment penalties.
- Charges an origination fee.
Max loan amount
$5,000,000
Min. credit score
550
Min. annual revenue
$100,000
Pros
- Equipment leases with customizable terms, structures and even payment deferral options.
- No prepayment penalties; savings available for paying early.
- Smaller funding requests and well-qualified customers are eligible for a streamlined, one-page application process.
Cons
- Interest rate information not available on website.
Taycor Financial - Equipment leasing
Best for Borrowers with bad credit
Max loan amount
$5,000,000
Min. credit score
550
Min. annual revenue
$100,000
Pros
- Equipment leases with customizable terms, structures and even payment deferral options.
- No prepayment penalties; savings available for paying early.
- Smaller funding requests and well-qualified customers are eligible for a streamlined, one-page application process.
Cons
- Interest rate information not available on website.
Max loan amount
Undisclosed
Min. credit score
640
Min. annual revenue
Undisclosed
Pros
- Competitive rates and terms.
- Loan or lease terms can be structured to meet specific tax or accounting needs.
- Funding available as fast as one day.
Cons
- Loan payments and other services may not be available at branch locations.
First Citizens Bank - Equipment financing
Best for Heavy equipment leasing
Max loan amount
Undisclosed
Min. credit score
640
Min. annual revenue
Undisclosed
Pros
- Competitive rates and terms.
- Loan or lease terms can be structured to meet specific tax or accounting needs.
- Funding available as fast as one day.
Cons
- Loan payments and other services may not be available at branch locations.
Max loan amount
$1,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
Pros
- Several different options for equipment leases.
- Customized payment structures available.
- Can fund applications in as little as 24 hours.
Cons
- Interest rate information not available on website.
- Startups and borrowers with bad credit can’t qualify.
Crest Capital - Equipment leasing
Best for Fast equipment leasing
Max loan amount
$1,000,000
Min. credit score
650
Min. annual revenue
Undisclosed
Pros
- Several different options for equipment leases.
- Customized payment structures available.
- Can fund applications in as little as 24 hours.
Cons
- Interest rate information not available on website.
- Startups and borrowers with bad credit can’t qualify.
Pros
- Offers lease options in a diverse array of industries.
- Can provide specialized customer experience.
Cons
- Qualification requirements and interest rate information not available on website.
- Will likely have to visit a branch location to apply.
Wells Fargo - Commercial equipment financing
Best for Established businesses
Max loan amount
Undisclosed
Min. credit score
700
Min. annual revenue
Undisclosed
Pros
- Offers lease options in a diverse array of industries.
- Can provide specialized customer experience.
Cons
- Qualification requirements and interest rate information not available on website.
- Will likely have to visit a branch location to apply.
How to choose an equipment leasing company
You’ll want to research several equipment leasing companies before deciding which option is right for your business. As you compare companies, consider these factors:
Funding availability
Leasing companies will have different maximum financing amounts and may restrict the type of equipment you can lease. You should confirm that the equipment you need falls within a lender’s requirements.
Cost of borrowing
Banks will typically offer the lowest interest rates, however, equipment leases from a bank can be difficult to qualify for. Online lenders will have more flexible qualifications, but higher rates. Ultimately, the interest rates
You should always ask a lender about any additional fees they might charge and factor those fees into your borrowing costs as well.
» MORE: An equipment loan calculator
Repayment terms
Repayment terms on equipment funding can range anywhere from one to five years or more. Leases can generally offer lower monthly payments (compared with loans used to finance your equipment purchase
» RELATED: Best restaurant loans
Lease options
Equipment leasing companies may offer different types of leases, such as a $1 purchase agreement or fair market value option. These options dictate how you make payments over the course of your lease, as well as what happens to the equipment once the lease ends. You should determine what type of lease works best for your needs and find a lender that can offer that agreement.
Qualification requirements
Like other types of business lenders, equipment leasing companies will typically look at your personal credit score, length of time in business and annual revenue when evaluating your financing application. They'll also consider the value of the equipment you’re looking to lease, as well as any additional collateral
To qualify for equipment leasing from a bank, you’ll need to be an established business with a strong credit and financial history. Online lenders
Speed of funding and application process
If you need funding fast, online and alternative leasing companies may be able to offer you an equipment lease in just 24 hours. These lenders generally have simple application processes with minimal documentation. More traditional lenders, on the other hand, will be slower to fund.
» MORE: Best same-day business loans
Industry and customer experience
The best equipment leasing companies will have experience in your industry and be able to offer guidance through all stages of the funding process. Ideally, your leasing company will provide a range of ways for you to access customer support and will be able to address any questions or concerns you have about your leasing agreement.
Reading reviews and talking to other business owners can help you verify the reputation and trustworthiness of an equipment leasing company. Watch out for companies that make red-flag promises such as “no credit check equipment financing
Frequently asked questions
What is an equipment leasing company?
What credit score do you need to lease equipment?
Is it better to lease equipment than to buy it?