Key Takeaways
- Equipment serves as its own collateral — no real estate required
- Commercial trucks, machines, and tools all qualify
- Lower rates than unsecured working capital due to collateral
- No green card required — TPS holders qualify based on equipment value
- 48-hour decisions — fund your equipment purchase this week
Equipment financing is the most accessible form of business lending for TPS entrepreneurs because the equipment itself is the collateral — eliminating the need for real estate security, substantial cash reserves, or pristine credit. A TPS construction contractor who needs a $60,000 excavator has a clear path: Bankable finances 80-90% of the equipment value, the excavator generates revenue to repay the loan, and the loan closes when the equipment is paid off. This is how TPS entrepreneurs have built equipment-heavy businesses despite being excluded from traditional lending.
Types of Equipment Bankable Finances for TPS Holders
- Commercial vehicles: Semi trucks, dump trucks, box trucks, vans, and specialty vehicles
- Construction equipment: Excavators, loaders, skid-steers, forklifts, and cranes
- Restaurant equipment: Commercial ovens, refrigeration, dishwashers, and kitchen systems
- Medical equipment: Dental chairs, X-ray systems, and diagnostic equipment
- Manufacturing equipment: CNC machines, welding equipment, and production systems
- Technology: Computers, servers, and specialized production technology
For a detailed guide on equipment financing without a green card, see TPS equipment financing without a green card. To check your options now, visit the Bankability Score page.
Frequently Asked Questions
Yes. Equipment financing is available to TPS holders based on the equipment's value. No green card required. The equipment is the collateral.
Bankable finances equipment up to $2M per transaction. Multiple equipment items can be financed simultaneously.
Typically 10-20% of equipment value. A $100,000 excavator may require $10,000-$20,000 down.
Yes. Used equipment that has been appraised or inspected can be financed based on its current market value.
Terms typically range from 24-84 months depending on equipment type and amount. Longer-lived equipment supports longer terms.
Yes. An equipment sale-leaseback allows you to sell paid-off equipment to Bankable and lease it back — accessing cash from existing equity while continuing to use the equipment.
Equipment financing agreements typically require comprehensive insurance. Equipment breakdowns are covered by insurance, not the loan. Maintaining insurance is a loan covenant.
Not required. New equipment qualifies at full invoice value. Used equipment qualifies based on appraised value, typically 60-80% of new value.