Expertise
Randa Kriss is a senior writer and NerdWallet authority on small business. She has nearly a decade of experience in digital content. Prior to joining NerdWallet in 2020, Randa worked as a writer at Fundera, covering a wide variety of small-business topics and specializing in the lending and banking spaces. Her work has been featured by The Washington Post, The Associated Press and Nasdaq, among others. Randa earned a bachelor's degree in English and Spanish at Iona University (formerly Iona College).
More about RandaWe’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.
Bank of America - Equipment loan
Best for low interest rates
with NerdWallet Small Business
Pros
Cons
If you’re looking for an equipment loan from a big bank, Bank of America may be a good option. The lender offers equipment loans starting at $25,000 and loan terms of up to seven years. Bank of America rewards customers may also be able to access discounted rates.
SBA 7(a) loan
Best for long-term financing
with NerdWallet Small Business
Pros
Cons
SBA 7(a) loans stand out as an affordable option for businesses that can’t qualify for bank financing, but still have good credit and finances. 7(a) loans offer low interest rates, long repayment terms and large funding amounts. These loans can also be used for a variety of purposes, including working capital, business expansions or purchasing equipment and supplies.
Triton Capital - Equipment financing
Best for zero down financing
with NerdWallet Small Business
Pros
Cons
Triton Capital stands out as an online equipment lender for borrowers with lower credit scores. Triton Capital can finance new or used equipment in a variety of industries. The lender offers competitive interest rates, long repayment terms and flexible payment options. You may be able to get approved and receive funding in as fast as one business day.
National Funding - Equipment financing
Best for startups
with NerdWallet Small Business
Pros
Cons
National Funding stands out as an online equipment financing option for borrowers with bad credit. This lender offers equipment loans or leases for new and used equipment, and unlike some equipment lenders, doesn’t require a down payment. Funding can be available in as little as 24 hours.
eLease - Equipment financing
Best for bad credit
with NerdWallet Small Business
Pros
Cons
ELease can be a good option for businesses that don’t qualify for more traditional forms of equipment financing. It has flexible qualification requirements and can work with startups and borrowers with bad credit. The company offers competitive interest rates and repayment terms. Unlike other specialized equipment lenders, however, eLease requires you to apply over the phone.
CAG Truck Capital - Commercial truck financing
Best for used dump truck financing
Pros
Cons
CAG Truck Capital specializes in commercial truck loans which makes it a good choice if you want to work with experienced representatives who understand the industry and challenges you may face. CAG can fund new or used vehicles and works with startups and borrowers with bad credit. The company stands out from competitors with its unique program dedicated to financing used, high-mileage vehicles.
Commercial Fleet Financing - Equipment financing
Best for customizable loans
Pros
Cons
Commercial Fleet Financing (CFF) stands out for the industry experience it provides to borrowers looking to fund a truck, trailer or construction equipment purchase. The lender offers a variety of loan and lease options — and can customize terms based on your business’s needs. CFF also funds applications in as little as 24 hours.
Established businesses with good credit can access competitive interest rates on Bank of America’s dump truck loans.
Bank of America - Equipment loan
with NerdWallet Small Business
Pros
Cons
SBA 7(a) loans offer repayment terms up to 10 years for equipment uses, like purchasing a dump truck.
Low interest rate
SBA 7(a) loan
with NerdWallet Small Business
Pros
Cons
Triton Capital can help you finance the purchase of a new or used dump truck with no down payment required.
Triton Capital - Equipment financing
with NerdWallet Small Business
Pros
Cons
National Funding can offer dump truck financing to startups with a minimum of six months in business.
National Funding - Equipment financing
with NerdWallet Small Business
Pros
Cons
You may be able to qualify for a dump truck loan from eLease with a personal credit score of 550 or higher.
eLease - Equipment financing
with NerdWallet Small Business
Pros
Cons
CAG Truck Capital specializes in commercial truck loans and can finance a variety of dump truck options. This lender also offers a unique program dedicated to financing used, high-mileage vehicles.
CAG Truck Capital - Commercial truck financing
Pros
Cons
CFF offers dump truck financing with customizable terms and repayment options. The company’s lending representatives provide expertise in the construction industry to help you find the best loan option for your individual needs.
Commercial Fleet Financing - Equipment financing
Pros
Cons
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