Can I finance used equipment instead of buying it outright?
Yes. Commercial Funding Partners finances qualified used commercial equipment for businesses seeking to preserve working capital rather than make a large upfront purchase. Financing may be structured as an equipment loan, capital lease, operating lease, tax lease, or FMV lease. Eligibility depends on the equipment type, age, condition, marketability, seller documentation, transaction structure, and credit review.
What types of used equipment can be financed?
CFP finances many categories of qualified used commercial equipment, including production machinery, transportation fleets, material handling systems, medical equipment, construction equipment, processing lines, automation assets, and energy-related equipment. Domestic, imported, multi-vendor, and certain cross-border projects may be considered. The review evaluates the asset’s condition, useful life, resale market, and role in the business operation.
How much can I finance for used equipment?
Commercial Funding Partners structures equipment financing from $250,000 to $300 million or more per project when the transaction fits. Larger projects may involve multi-vendor equipment, extended installation periods, or a blend of equipment and eligible project costs. Financing amounts, advance rates, and terms are determined through a confidential review of the equipment, project economics, and borrower credit profile.
Can financing include installation and other project costs?
Yes, eligible costs beyond the used equipment purchase may be included in the overall financing structure. Depending on the transaction, CFP can finance installation, engineering, software integration, freight, commissioning, training, project management, controls, automation integration, and certain taxes or construction-related costs. Including these costs can reduce the need to draw on operating cash to get equipment fully operational.
What information is needed to apply for used equipment financing?
A preliminary review generally starts with a description of the equipment, purchase price, seller or vendor information, expected delivery or installation schedule, and your desired financing structure. CFP may also request company financial statements, ownership information, project details, and equipment documentation. For complex projects, early review helps identify appropriate payment timing, milestones, and soft-cost requirements before final negotiations.
Can I use a sale-leaseback on equipment my business already owns?
Yes. An equipment sale-leaseback allows a business to sell owned equipment to CFP and lease it back for continued operational use. This can unlock capital already tied up in machinery, fleets, production assets, medical equipment, or processing lines. Companies often use the proceeds for working capital, expansion, acquisitions, partner buyouts, or balance-sheet recapitalization without interrupting equipment use.
How long does the used equipment financing process take?
Timing varies by transaction size, equipment complexity, seller readiness, and the completeness of financial and asset information. A CFP structuring specialist responds to quote requests within one business day, and preliminary discussions can begin confidentially. Projects with straightforward equipment purchases may move faster, while multi-vendor, installation-heavy, or institutional transactions require additional underwriting, documentation, and funding coordination.
Is a Second Opinion Review really free?
Yes. CFP’s Second Opinion Review is free and carries no obligation. It is intended for borrowers, brokers, and banking partners whose equipment project was declined elsewhere or received terms that do not fit the project. CFP re-underwrites the opportunity independently and may identify alternatives such as sale-leaseback, soft-cost inclusion, extended funding periods, or multi-vendor consolidation.