Apply for Equipment Financing: A Step-by-Step Guide

Growth Starts With the Right Equipment — and a Clear Path to Get It

Upgrading your equipment can unlock productivity, revenue, and expansion, but understanding how to apply for equipment financing often feels more complex than it should.

That’s why we created this guide.

At FPG, we don’t just process financing—we partner with business owners to make smart decisions, fast. Whether you're replacing an aging machine, expanding your clinic, or gearing up for a big job, we’ll walk you through every step and keep it simple.

Why Choose Equipment Financing?

Before diving into the how, here’s why equipment financing makes smart business sense:

• Preserve Working Capital
  Avoid depleting cash reserves needed for payroll, inventory, or marketing
  
  
• Predictable Monthly Payments
  Plan ahead with fixed terms that fit your budget
  
  
• Access the Equipment You Need Now
  Invest in productivity without delay
  
  
• Tax Benefits
  Potential eligibility for Section 179 deductions and bonus depreciation
  
  

With FPG, it’s not just financing—it’s a faster path to growth with flexible options tailored to your business.

Step-by-Step: How to Apply for Equipment Financing

✅ Step 1: Define Your Equipment Needs

Be specific:

• What equipment do you need?
  
  
• Are you buying new or used?
  
  
• Do you already have a quote from a vendor?
  
  

Tip: If you're still sourcing options, FPG can connect you with trusted vendors or work off a rough estimate.

✅ Step 2: Gather Basic Documentation

To speed up approval, prepare the following:

• Business Details
  Legal name, EIN, years in operation, structure (LLC, Corp, etc.)
  
  
• Financial Documents
  App only up to $500K: Recent bank statements (3 months) 

+$500K: Recent bank statements, tax returns, and/or profit & loss reports and others may be need

• Credit Info
  Business and/or personal credit details (we’ll guide you on what matters)
  
  

✅ Step 3: Choose the Right Financing Partner

Look for a partner who:

• Understands your industry and the equipment lifecycle
  
  
• Offers fast approvals and transparent terms
  
  
• Provides flexible structures with minimal friction
  
  

🔍 FPG Tip: Ask about soft credit checks or prequalification, so you can explore options without impact on your score.

✅ Step 4: Submit Your Application

With FPG, it’s a streamlined, no-stress experience:

• Complete a short application (online or with a specialist)
  
  
• Attach your equipment quote and supporting documents
  
  
• We’ll guide you through every detail
  
  

✅ Step 5: Review and Approval

Once submitted, we review and underwrite your file—usually within 24–72 hours.

We’ll clarify:

• Your monthly payment
  
  
• Financing term (typically 12–72 months)
  
  
• Collateral or guarantee details
  
  
• Any early payoff or end-of-term options
  
  

No surprises. No buried clauses. Just a clear path forward.

✅ Step 6: Equipment Is Funded and Delivered

After approval, we coordinate payment directly with your vendor so you can:

• Receive your equipment promptly
  
  
• Begin using it to grow your business
  
  
• Make payments according to your agreed schedule
  
  

We handle the logistics. You stay focused on your operation.

Tips to Improve Your Approval Odds

Want the best terms possible? Here’s what helps:

• ✅ Keep your financials clean and current
  
  
• ✅ Choose reputable vendors and realistic equipment quotes
  
  
• ✅ Clearly explain how the equipment supports business growth
  
  
• ✅ Apply during a strong revenue period, if possible
  
  

At FPG, we look at the full picture, not just a number on paper.

Common Questions About Applying

“Can I apply if I’m a startup?”

Yes. We work with startups, especially those with strong personal credit or projected cash flow.

“Do I need a down payment?”

Often no. Many applicants qualify for $0 down structures, especially with established business credit.

“Will applying hurt my credit score?”

We offer prequalification with no hard pull, so you can explore options risk-free.

You Don’t Have to Figure This Out Alone

The process to apply for equipment financing doesn’t need to be complicated, and with FPG, it’s not.

Whether you're upgrading a single piece of equipment or outfitting a whole new operation, we make it easy to move forward with confidence.

Ready to Get Started?

📄 Start your application online now

📞 Or call (603) 696-7076 to speak with an expert—no obligation