Key Takeaways
- Equipment financing is the most accessible TPS funding product
- The equipment is the collateral — no real estate or green card needed
- Trucks, machines, medical equipment, and restaurant equipment all qualify
- Up to 90% of equipment value financed with 10-20% down
- 48-hour decisions — fund your equipment purchase this week
Equipment financing stands apart from other business financing products because the equipment itself is the collateral. This fundamental structure makes it more accessible to TPS holders than virtually any other loan type. When you finance a $150,000 excavator, the lender's security is the excavator — not your immigration status, not your real estate, not your citizenship. If you stop paying, the lender can repossess the equipment. This simplicity makes equipment financing the most universally accessible business loan for TPS entrepreneurs.
Why Equipment Financing is Ideal for TPS Holders
- No real estate collateral required: The equipment secures the loan
- No green card required: Equipment value is the primary underwriting factor
- Faster approval than working capital: Equipment collateral reduces risk and speeds decisions
- Lower rates than unsecured working capital: Collateral enables better terms
- Equipment also generates revenue: The loan pays for itself through the revenue the equipment produces
Equipment Types Bankable Finances for TPS Holders
- Commercial trucks and semi trucks (Class 3-8)
- Construction equipment (excavators, loaders, forklifts, cranes)
- Restaurant equipment (commercial ovens, refrigeration, POS)
- Medical and dental equipment
- Manufacturing and CNC equipment
- Agricultural equipment (tractors, irrigation systems)
- HVAC and plumbing equipment
- Technology equipment (servers, production workstations)
For specific equipment financing by industry, see our industry pages. Check your Bankability Score for personalized equipment financing options.
Frequently Asked Questions
Yes. Equipment financing is available to TPS holders based on equipment value. No green card, no real estate, no SBA eligibility required.
Up to 90% of the equipment's value. A $100,000 piece of equipment can typically be financed with 10-20% down ($10,000-$20,000).
Yes. Used equipment that has been inspected or appraised can be financed based on its current market value, typically 60-80% of new equipment pricing.
Rates vary by equipment type, amount, and credit profile. Typical range: 8-18% APR. Equipment financing rates are generally lower than unsecured working capital due to collateral.
24-84 months depending on equipment type. Equipment with a useful life of 10+ years supports longer terms.
Yes. If you own equipment with no liens, you can sell it to Bankable and lease it back — accessing cash from existing equity while continuing to use the equipment.
You are required to maintain comprehensive insurance on financed equipment. Equipment failure is covered by insurance, not the loan. Keeping insurance current is a loan covenant.
Yes. All financed equipment must be located and operated within the United States.