JR Capital Equipment Financing: 2025 Review
JR Capital offers fast and flexible equipment financing up to $10 million — with no down payment required.
Overview
The bottom line:
JR Capital stands out as a specialized equipment financing lender that offers a higher funding maximum than other online competitors and doesn’t require a down payment. It can be a good option for established businesses that have lower credit scores.
Loan details
Min. Loan Amount
$10,000
Min. Term Length
24 months
Min. APR
5%
Max Loan Amount
$10,000,000
Max Term Length
7 years
Max APR
18%
Qualifications
Min. credit score
620
Min. Time in Business
24 months
Pros & Cons
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 is an online lender that specializes in equipment loans
JR Capital is known for its competitive rates, large loan amounts and flexible repayment options. This lender can be a good option for businesses with a few years of operation that want faster financing than banks can offer — as well as for those with lower credit scores.
Editor’s note: Although JR Capital also offers a working capital loan for newer businesses, this review focuses on its equipment financing.
Consider JR Capital if you:
✔️ Want to work with a specialized equipment lender.
✔️ Don’t want to pay a down payment.
✔️ Have a lower credit score (620+).
...
IN THIS REVIEW
JR Capital equipment loan features
JR Capital’s financing functions like most equipment financing — when you buy equipment using a JR Capital loan, the equipment itself serves as collateral
Here’s what you can expect from JR Capital’s equipment financing:
| Loan amount | $10000 to $10 million. |
| Estimated interest rate | 5.99% to 18% |
| Fees |
|
| Terms | 24 to 84 months. |
| Repayment schedule | Monthly. Annual payments available for farmers. Three- to six-month payment deferrals available for medical, farming and waste service businesses. |
| Funding speed | Approval as fast as two hours. Funding available the same day for non-titled deals and within 48 hours for titled deals. |
Did you know?
A non-titled deal means that you’re financing equipment that does not require an ownership title. Requirements vary by state, but heavy equipment such as dump trucks, excavators, bulldozers, cranes and harvesters typically don't need a title. If you’re unsure if your equipment qualifies as a titled or non-titled deal, JR Capital can help you figure it out.
JR Capital loan requirements
To qualify for equipment financing from JR Capital, you’ll need to meet the following minimum requirements:
- Credit score: 620.
- Time in business: 24 months (In some cases, JR Capital may accept businesses with less than 24 months in operation if the owner has sufficient industry experience).
- Annual revenue: No minimum requirement.
In most cases, JR Capital will require you to sign a personal guarantee. The lender may be willing to make an exception for companies that have well-established business credit with Paynet. JR Capital only requires a UCC lien, however, for non-titled deals.
A personal guarantee UCC lien
Where JR Capital stands out
Large maximum funding amount
JR Capital offers equipment loans up to $10 million — making it a good option for those who need to purchase expensive machinery. JR Capital’s funding maximum is much higher than similar competitors. Triton Capital and Balboa Capital, for example, only offer equipment loans of up to $250000 and $500000, respectively. Keep in mind, however, you’ll likely need strong credentials to qualify for larger loan amounts.
» MORE: Compare the best large business loans
No down payment required
Many equipment loans, especially SBA or bank loans, require a down payment
Fast access to funds
JR Capital offers a simple, streamlined application process that helps you get access to capital faster. The lender can provide approval decisions in as little as two business hours. After you’ve been approved, you can get funding as fast as the same day for a non-titled deal. For titled deals, you can get funds in as little as 48 hours. JR Capital’s financing timeline is much faster than more traditional equipment lenders; bank and SBA equipment loans
Where JR Capital falls short
Not a good option for startups
JR Capital requires that you have at least 24 months in business to qualify for an equipment loan. The lender can prioritize industry experience in some cases — but this still means that most startups will need to look at alternative options.
» MORE: Best business loans for startups
Prepayment penalties may apply
If you think you’ll be able to repay your equipment loan early, JR Capital may not be the best option. JR Capital may charge prepayment penalties
In comparison, some competitors, like Triton Capital, don’t charge prepayment penalties at all — whereas others, like National Funding, actually offer prepayment discounts.
Limited fee information available online
JR Capital provides limited information about rates and fees on its website — meaning you’ll have to reach out to a representative for details. Although it says that rates start at 5.99%, it doesn’t provide a maximum interest rate or any specifics regarding fees and prepayment penalties. NerdWallet gathered that information from the lender.
Alternatives to JR Capital
eLease
If you’re a startup looking for equipment financing, you might consider eLease. Like JR Capital, eLease has no minimum annual revenue requirement, but it can work with startups and borrowers with credit scores as low as 550.
ELease offers competitive interest rates, ranging from 7.5% to 22%, and long repayment terms, up to 72 months. Similar to JR Capital, eLease can also be a good choice for those looking to make large equipment purchases — as the lender has no maximum funding limit. It’s important to note, however, that eLease requires you to apply over the phone.
National Funding
Borrowers who don’t need large amounts of financing might consider National Funding
You may be able to qualify for National Funding with just 6 months in business — and the lender has a slightly lower credit score requirement than JR Capital, 600 compared with 620. National Funding will require at least $250000 in annual revenue, however.
National Funding can also be a good option if you think you’ll repay your loan early, as it offers prepayment discounts instead of charging prepayment penalties.
» Want more specific equipment financing recommendations? Check out our guides to: