Rise Business Funding

Equipment Financing in New York, New York

New York City's economy spans hospitality, healthcare, finance, retail, and manufacturing across five boroughs. Whether you operate a restaurant in Queens, a medical practice in Brooklyn, or a logistics company in the Bronx, equipment financing connects you with the capital to acquire the tools your business needs to compete and grow.

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Funding in 30 to 90 Days

Typical funding time is 30 to 90 days, depending on the lender and your documents.

Funding $5K to $500K

Amounts range from $5K to $500K, based on your revenue and credit profile.

All Five Boroughs

Serving small businesses in Manhattan, Brooklyn, Queens, the Bronx, and Staten Island

About Equipment Financing in New York

Equipment financing in New York, New York gives business owners a direct path to acquiring the machinery, technology, vehicles, and specialized tools they need without depleting working capital. In a city where competition is relentless and operational costs are high, having up-to-date equipment can be the difference between winning and losing a customer.

New York City's diverse economy means that equipment needs vary widely by industry. A restaurant in the Bronx might need commercial ovens, refrigeration units, or ventilation systems. A medical practice in Brooklyn may require diagnostic imaging equipment or patient monitoring technology. A transportation company in Queens might need to add commercial vehicles to its fleet. Lenders in our network structure equipment financing around the productive life of the asset, so repayment terms align with the value the equipment generates over time.

Equipment financing in New York, New York is especially popular with small businesses because the equipment itself typically serves as collateral, making approval more accessible than unsecured products. Business owners can often finance up to the full purchase price of new or used equipment, preserving cash for payroll, rent, and other operating expenses.

Rise Business Funding works with lenders across the full spectrum of industries active in New York City. Whether you operate in restaurants, retail, healthcare, or logistics, our lender network has options suited to your equipment category and business profile. Use our business funding calculator to estimate how much your business may qualify for, and explore additional cash flow financing options to complement your equipment purchase.

Financing Options in New York

Equipment Financing

Finance new or used equipment with terms aligned to the useful life of the asset. The equipment serves as collateral, making approval accessible for businesses across New York City's diverse industries.

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SBA Loans

SBA 7(a) and SBA 504 loans offer long-term, lower-cost financing options that can be used to purchase heavy equipment, machinery, or commercial vehicles. The SBA 504 program is particularly well suited for major equipment investments.

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Term Loans

Receive a lump sum to cover equipment purchases and repay over a fixed schedule. Term loans offer predictable monthly payments and can fund both equipment and related installation or setup costs.

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Business Line of Credit

A revolving line of credit gives New York City businesses the flexibility to draw funds as equipment needs arise, repay, and borrow again. Ideal for businesses that purchase equipment on an ongoing basis.

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Revenue-Based Financing

Repay financing as a percentage of your monthly revenue, making payments flexible during slower periods. A practical option for NYC businesses with strong but variable top-line sales looking to fund equipment.

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Short-Term Business Loans

Access capital quickly to cover urgent equipment replacements or time-sensitive purchases. Short-term loans from lenders in our network can fund within 24 hours of approval, keeping your New York City operations moving without interruption.

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Requirements to Qualify

Personal FICO Score

575+

Equipment loans are easier to qualify for because the equipment itself is collateral. Credit scores as low as 575 can qualify, though better scores unlock lower rates.

Monthly Revenue

$8,000+

Lenders verify that your revenue can support the monthly loan payment alongside your existing obligations.

Time in Business

6+ months

Lenders look for at least 6 months of operating history, and a longer track record can improve your terms.

Equipment Quote

Required from Vendor

You need a quote or invoice from an equipment dealer or vendor specifying the equipment, cost, and condition (new or used).

How Rise Works

1

Submit Your Application

Complete our secure online application in minutes and share your recent business bank statements. No hard credit pull is required to apply, and there are no upfront fees.

2

Get Matched and Get a Decision

Rise Business Funding reviews your application and matches you with lenders in our network suited to your business. The lender then underwrites your application in full.

3

Receive Your Funds

Once you accept an offer and finalize documents with the lender, the lender pays your equipment vendor directly. Typical funding time is 30 to 90 days.

Why Business Owners Choose Rise Business Funding

  • Funding in 30 to 90 Days

    Typical funding time is 30 to 90 days, depending on the lender and your documents.

  • Free to Apply, No Obligation

    Applying costs nothing, and you're never obligated to accept an offer.

  • Compare Before You Commit

    See the options you qualify for side by side, then pick the one whose payments fit your cash flow.

New York-Specific Resources

New York City small businesses have access to a robust ecosystem of public and nonprofit resources designed to support growth, capital access, and workforce development. From the SBA's Metro New York District Office to the city's own Small Business Services department, there are programs specifically designed to help NYC entrepreneurs navigate financing, permitting, and technical assistance. Rise Business Funding complements these public resources by connecting business owners with private lender options when they need fast, flexible capital to acquire equipment or expand operations. The programs below are a strong starting point for any NYC business owner exploring their full range of funding and support options.

SBA Metro New York District Office

The SBA Metro New York District Office serves 14 counties in New York City, Long Island, and areas of the Hudson Valley. It connects local small businesses to SBA 7(a) loans, 504 loans and microloans through participating lenders, and to free counseling through Small Business Development Centers, SCORE chapters and Women's Business Centers.

sba.gov

SCORE New York City Chapter

SCORE NYC offers free mentoring from experienced business professionals who can help owners develop equipment financing strategies, review applications, and connect with SBA-backed lending resources.

score.org

Accompany Capital

Formerly the Business Center for New Americans, Accompany Capital is a New York City-based nonprofit CDFI that provides microloans from $1,000 to $50,000 and SBA Community Advantage loans from $100,000 to $350,000 to immigrant, refugee, and women entrepreneurs in the five boroughs, with no minimum credit score required for microloans.

accompanycapital.org

New York SBDC - NYC Regional Centers

New York SBDC - NYC Regional Centers offers business advising to small businesses in New York.

nysbdc.org

NYC Department of Small Business Services

The NYC Department of Small Business Services provides NYC entrepreneurs with access to capital programs, business courses, legal and financial advice, and connections to community lenders serving all five boroughs.

nyc.gov

Renaissance Economic Development Corporation

A U.S. Treasury-certified CDFI and SBA-approved microlender and Community Advantage lender, Renaissance provides low-interest small business loans from $5,000 to $350,000, including a Small Business Express Impact Loan of up to $15,000 for immediate working capital needs, to low-to-moderate income and immigrant entrepreneurs in the New York Metro Area, with multilingual services in English, Chinese, Korean, and Spanish.

renaissancesbs.org

TruFund Financial Services, Inc.

TruFund Financial Services, Inc. offers term loans, SBA loans and commercial real estate loans, plus business advising to small businesses in New York.

trufund.org
Statewide programs for New York businesses

Frequently Asked Questions

About Funding in New York

How does equipment financing work for a New York City business?

Equipment financing in New York, New York allows your business to acquire machinery, technology, vehicles, or other physical assets by borrowing against the value of the equipment itself. The asset typically serves as collateral, which reduces the lender's risk and makes approval more accessible than unsecured options. Lenders in our network structure repayment terms around the useful life of the equipment, so your monthly obligations are predictable and tied directly to the productive value the equipment provides to your business.

What types of equipment can I finance through Rise Business Funding's lender network?

Lenders in our network work with a broad range of equipment categories common to New York City industries. This includes commercial kitchen equipment for restaurants, medical and diagnostic devices for healthcare practices, commercial vehicles and freight equipment for transportation companies, manufacturing machinery, point-of-sale and IT systems for retail businesses, and construction equipment for contractors. Both new and used equipment can often be financed, and some lenders also cover installation, delivery, and software costs bundled with the equipment purchase.

What credit score do I need to qualify for equipment financing in New York?

Most lenders in our network require a minimum personal FICO score of 575. However, because equipment financing is a secured product, collateral value plays an important role in the approval decision. A business owner with a score near the minimum but with strong monthly revenue and a clearly defined equipment purchase may still qualify. Applicants with scores above 650 generally access more favorable terms and larger financing amounts. Rise Business Funding works with lenders across the credit spectrum to find options that match your profile.

How fast can I get equipment financing in New York, New York?

After submitting a completed application, most applicants receive funding within 30 to 90 days. Once approved and all required documents are signed, funding is typically disbursed in 30 to 90 days. Payment can go directly to an equipment vendor or to your business bank account depending on the lender's process. For businesses with urgent equipment needs, such as a broken commercial appliance or a time-sensitive fleet addition, this timeline is far faster than traditional bank financing, which can take several weeks.

Can a startup or newer business qualify for equipment financing in NYC?

Lenders in our network generally require at least six months of operating history and a minimum of $8,000 in average monthly revenue. Very new startups with no revenue history may find equipment financing harder to access through private lenders and may want to explore SBA programs through the SBA Metro New York District Office or city resources like NYC SBS. Businesses that are at least six months old and meet the revenue threshold have a strong chance of qualifying, particularly when the equipment being financed has clear resale or collateral value.

What documents will I need to apply for equipment financing?

Most lenders in our network require a government-issued photo ID, three to six months of business bank statements, basic business formation documents such as an LLC operating agreement or articles of incorporation, and a quote or invoice for the equipment being purchased. Some lenders may also request recent business tax returns or a profit-and-loss statement. Having these materials ready before you apply will speed up the review process significantly. Rise Business Funding's application is streamlined to minimize the documentation burden on NYC small business owners.

Can my LLC or corporation in New York City qualify for equipment financing?

Yes. LLCs, S-corporations, C-corporations, sole proprietorships, and partnerships can all qualify for equipment financing through lenders in our network, provided the business meets the minimum revenue, time-in-business, and credit requirements. Having a registered business entity and an active business bank account in the business name strengthens your application. New York City businesses operating under a DBA (doing business as) designation are also eligible as long as the underlying legal entity is properly registered with the State of New York.

Is equipment financing in New York, New York different from a regular business term loan?

The key distinction is collateral. Equipment financing is secured by the asset being purchased, which typically means the lender takes a lien on the equipment until the loan is fully repaid. This secured structure often results in lower interest rates compared to unsecured term loans and can make approval more accessible for businesses with moderate credit. A general business term loan, by contrast, may not be tied to a specific asset and may require a personal guarantee or other collateral. Both products are available through our lender network, and Rise Business Funding can help you determine which structure best fits your situation.

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