Equipment Financingin Columbus

Equipment Financing for Columbus businesses

Equipment financing uses the equipment itself as the loan's collateral, which makes it one of the easier business loans to qualify for - the lender's downside is recovering the asset. Columbus contractors, restaurants, dental practices and trucking operations use equipment loans to spread the cost over 24-84 months and preserve working capital for operations.

Two structures dominate: equipment loans (you own the asset, build equity, take depreciation) and equipment leases ($1 buyout, fair-market-value or operating lease - each has different tax and balance-sheet implications). For most owner-operated Columbus businesses, an equipment loan with Section 179 depreciation is the simpler, lower-total-cost option. We model both before recommending.

Application is usually fast - invoice or purchase order from the equipment vendor, last 3 months of business bank statements, and a one-page application. Decisions land in 24-48 hours for clean files. Funding can wire directly to the equipment vendor at delivery, which is the cleanest path for both buyer and seller.

Every Whitfield Credit application runs through Ohio-licensed lending partners — one soft credit pull, side-by-side offers, no fee until close.

Other money programs

• 01

  Accounts Receivable Financing

  Revolving line secured by your open invoices
• 02

  Invoice Factoring

  Sell your invoices, get cash within 24 hours
• 03

  Revenue Based Financing

  Repay as a fixed percentage of monthly revenue
• 04

  Small Business Loans

  One soft-pull application, every major loan product
• 05

  Small Business Loans Near Me

  Local Columbus loan advisors, statewide lender bench
• 06

  SBA Loans

  Government-backed funding for Columbus businesses