Haleridge Commercial Capital, a small-business funding service in Las Vegas, Nevada, prepares equipment financing requests for new and used machines, vehicles and fixtures. The equipment usually secures the financing; partners review the quote, the seller, the business's statements and the equipment's age before making their own decision on an offer.
| Used for | Machines, vehicles, lifts, coolers, kitchen gear |
|---|---|
| Security | The equipment itself |
| Structures | Loan, lease or finance agreement (EFA) |
| Commonly reviewed | Quote, seller, statements |
Equipment financing, from the dealer's quote onward
The partner settles the seller's invoice, and the business pays the partner back over an agreed term. The equipment is the collateral, which partners weigh alongside the business's own record. At the end, you own the machine outright (a loan or equipment finance agreement) or choose whether to buy it, return it or renew (a lease).
| Structure | Title while payments run | At the end |
|---|---|---|
| Equipment loan | Your company, with the partner's lien on the machine | Lien released when paid |
| Equipment finance agreement (EFA) | Your company, with a security interest recorded by the partner | Yours when paid |
| Lease | The lessor | Purchase it, hand it back or extend, as the lease says |
Used equipment financing
So how do you finance used equipment? Largely the way you finance new, with extra questions. Used equipment financing companies want to know the age, hours or mileage, the seller (dealer or private party) and whether the machine has been inspected. Older equipment may get a shorter term because it has less useful life left.
For private-party sales, a partner may ask for a bill of sale, proof the seller owns the machine free of liens, and photos or an inspection. A used CNC mill from a closing shop or a used two-post lift bought at auction are two examples. The machine shop page and auto repair page go further.
Commercial restaurant equipment financing
Ranges, hoods, walk-in coolers, ice machines and point-of-sale systems are examples of restaurant equipment. Kitchen equipment may hold less resale value than heavy machinery, so partners may look closely at the business's sales. Clark County, NV counted 2,308 limited-service and 1,739 full-service restaurant employer establishments in 2023 (County Business Patterns 2023). Grocery coolers follow the same logic; see the grocery page.
Construction equipment financing companies and contractor equipment
Contractors finance skid steers, trailers, lifts, compressors and work trucks. Construction equipment financing companies weigh the contractor's backlog as well as statements, because the machine has to earn its payment on jobs. The contractor page covers how equipment fits alongside draws and retainage.
Clark County, NV had 3,588 construction employer establishments in 2023 (County Business Patterns 2023); in ZIP 89115, construction accounted for 130 of 978 employer establishments (ZIP Code Business Patterns 2023).
Soft costs: delivery, rigging, training and the rest
Soft costs are the parts of a purchase that are not the machine itself: delivery, installation, rigging, training, software and sometimes sales tax. Some partners finance a share of soft costs with the equipment; others want them paid in cash. A CNC machine that needs a reinforced floor and a power upgrade can carry meaningful soft costs, so put them in the quote.
To estimate payments, the CNC machine loan calculator takes a price, a down payment, a rate and a term. It works for any machine, not only CNC.
Daycare, cleaning and other light equipment
Not all equipment is heavy. Daycare furniture and playground sets, floor scrubbers and carpet extractors, and commercial mowers are all financed the same way. The post on daycare furniture and equipment financing walks through a classroom fit-out.
Where to go next
Compare equipment financing with the other five options on the comparison page, browse the industry pages, check east-valley figures on the Las Vegas, NV page, or read how a request moves.
New or used: comparing the full cost
A used machine can cost less up front but may carry a shorter term, higher maintenance and less warranty. Compare total cost over the period you expect to use it: purchase price, financing cost, expected repairs and downtime. The cheapest quote is not always the cheapest machine. Dealer warranties or service contracts on used equipment can narrow the gap.
By Haleridge Commercial Capital · Updated
