Both put equipment in your hands without paying cash upfront — but one builds ownership while the other keeps payments low and flexible.
Choose financing when the equipment has a long useful life and you want to own it — trucks, machinery, medical and construction equipment that holds value.
Choose leasing when the equipment ages out fast (technology), you want the lowest payment, or you like the option to upgrade at term end.
One application surfaces both loan and lease offers from 50 lenders, so you compare payment and ownership side by side. Talk to your CPA about the tax treatment for your situation.
Finance to build ownership in long-life equipment; lease for the lowest payment or for equipment you will replace soon. The total cost depends on the rate, term, and any buyout — compare both before deciding.
Financed equipment typically qualifies for Section 179 in the year placed in service. Lease treatment varies. Confirm with your CPA for your specific structure.
Yes. One EQ Funding application routes your file to 50 lenders covering both, so you see equipment financing (loan) and equipment leasing offers side by side and choose the better deal — instead of applying separately and guessing which is more competitive.
No. Comparing offers uses a soft pull that has no effect on your credit score. A hard inquiry only happens once you accept a specific lender — so there is no downside to seeing both before you decide.
Nothing to you. EQ Funding is paid by the lender when your deal closes — never by the borrower. Because lenders compete, the winning offer is often better than what a single source would have made.
Most applicants see first offers within about 24 hours and can fund in as little as 48 hours after accepting. SBA-backed options take longer but carry the lowest rates.
Six questions. Two minutes. No effect on your credit score. Real offers from 50 lenders within 24 hours.