Equipment financing is the quietly fast product. The loan is secured by the thing you are buying, so the lender does not need to dig through your whole business to feel safe. That is why fundivi equipment financing is priced below unsecured products, and why a well prepared buyer can move from vendor quote to funded purchase in days and sometimes in one. The product page lists a decision window of 24 to 72 hours, while the page header says decision in hours and wired same day. This guide treats the whole path as a journey from quote to keys, and shows where the hours go.
When you are ready, you can check your prequalification with a soft inquiry. It takes about three minutes.
The Quote to Keys Journey
Stage 1: Get a real quote
Equipment financing starts with a signed equipment quote or invoice from the vendor or seller. This is the most important document in the file, because it fixes the price, the item and the payee. A vague estimate slows everything. Ask the vendor for a quote that lists the make, model, serial number if available, price, delivery costs and the vendor's legal name and payment instructions.
Stage 2: Prequalify
Run the soft inquiry prequalification. You will give business details, the amount and the purpose. Say plainly that this is equipment financing, so the file is routed correctly.
Stage 3: Document the business
The page lists four to six documents: the signed quote or invoice, three months of business bank statements, a voided business check, identification and application details. That is the whole stack.
Stage 4: Underwriting
The underwriting engine reads your bank activity, and underwriters review the equipment itself. They ask whether it has resale value and a useful life longer than the loan term. A CNC machine, a work truck or a commercial oven passes easily. Highly customized or hard to resell equipment gets a closer look.
Stage 5: Decision and offer
The offer shows the amount financed, term, fixed monthly payment and itemized fees. The page says equipment loans typically finance 80 to 100 percent of the purchase price, with terms of two to seven years matched to the asset's useful life.
Stage 6: Sign and fund the vendor
You sign an Equipment Finance Agreement. Title to the equipment transfers to you at signing. Funds go directly to the vendor, not to you, which means the vendor can release the equipment sooner than if you were waiting on a check to clear.
Stage 7: Keys
The equipment ships or you pick it up. Payments begin on a fixed monthly schedule.
What the Page Publishes
- Amount: $15,000 to $3,000,000
- Term: 2 to 7 years, matched to the asset life
- Share financed: Typically 80 to 100 percent of the purchase price
- Payment: Fixed monthly
- Decision: 24 to 72 hours on the spec, hours on the header
- Documents: 4 to 6
- Time in business: 6+ months
- Monthly revenue: $10,000+ average
- Credit: 550+ FICO
- Funding: Direct to the vendor
Notice that these requirements are lighter than fundivi's term loan requirements: six months instead of two years, and a 550 score instead of 600. The equipment is doing some of the work of earning the lender's confidence.
How Much Will You Actually Finance?
If the financing share is 80 to 100 percent, the rest is your down payment, if any. The product page does not publish a required down payment, so confirm it in the offer. Here is how the share changes the cash you bring.
- $30,000: At 100 percent financed: $0 down; At 90 percent: $3,000 down; At 80 percent: $6,000 down
- $75,000: At 100 percent financed: $0 down; At 90 percent: $7,500 down; At 80 percent: $15,000 down
- $150,000: At 100 percent financed: $0 down; At 90 percent: $15,000 down; At 80 percent: $30,000 down
- $500,000: At 100 percent financed: $0 down; At 90 percent: $50,000 down; At 80 percent: $100,000 down
The page also says the product avoids tying up a separate credit line or cash reserves for a down payment. If a lower down payment is available on your deal, your working capital stays free for operations, which is the main reason owners choose equipment financing over paying cash.
Same Day Funding for Equipment: A Realistic Reading
Two timelines appear on the page, 24 to 72 hours and same day. The gap between them comes down to paperwork.
- Fastest case: the signed quote is in hand, statements are clean, the equipment is standard and the vendor is ready for payment. Decision in hours, wire the same day.
- Typical case: underwriters verify the equipment and vendor, taking a day or two.
- Slower case: used equipment, a private seller or a custom item needs extra review.
New Versus Used
The product description mentions new or used business equipment. For used items, expect questions about age, condition and the seller. Vendors with a business history are easier to verify than private sellers. Underwriters want the equipment to retain value and outlast the loan, so a five year old machine financed over seven years is a harder case than a new one financed over five. Match the term to the life of the asset and you will usually get a clean answer.
Sale Leaseback: Turn Owned Equipment Into Cash
Equipment you already own outright can also be financed through a sale leaseback, which the page says fundivi offers. You sell the equipment to the financing company and lease it back, receiving cash while keeping the machine in service. It is worth considering when you need working capital and a piece of equipment is sitting there fully paid for. Ask about the buyout terms at the end of the lease, because that decides what you really own afterward.
Equipment Across Industries
- Trucking and logistics: Typical purchases: Tractors, trailers, fleet vehicles; Planning note: Standard assets with strong resale. Quotes are easy to obtain
- Construction: Typical purchases: Excavators, loaders, trucks; Planning note: Large tickets may take longer to verify
- Manufacturing: Typical purchases: CNC machines, presses, tooling; Planning note: Include installation costs in the quote
- Restaurants: Typical purchases: Ovens, walk in coolers, full kitchen builds; Planning note: Get a quote that itemizes all equipment
- Medical and dental: Typical purchases: Imaging, chairs, lasers; Planning note: Confirm vendor and service contract details
- Salon and spa: Typical purchases: Chairs, lasers, spa equipment; Planning note: Smaller tickets, often quick
- Printing: Typical purchases: Commercial presses; Planning note: Resale value depends on brand and age
- IT: Typical purchases: Servers, networking hardware; Planning note: Short useful life means shorter terms
Section 179: A Question for Your Accountant
The page notes that many equipment purchases may qualify for Section 179 tax treatment, which can allow certain equipment costs to be deducted in the year of purchase. Whether your purchase qualifies depends on your tax situation, so talk to your accountant before you sign. Do not buy something because of a deduction. Buy it because the business needs it, and let the tax treatment be a bonus.
Streamlined Application: The Quote Does the Talking
Equipment buyers have the shortest application of all, because the vendor quote carries most of the information. Provide business details, the signed quote, bank statements and a voided check. The tracker mirrors the four steps on the how it works page: applied, documents, underwriting and wired. Help structuring the deal is available if you book a consultation.
Hybrid Funding Model and Unusual Equipment
Lenders specialize by asset type. A standard truck is easy to place, while a custom press or a large fleet may not suit every lender. When a deal does not fit fundivi's own criteria because of the asset, a business under six months old or the amount, the hybrid funding model passes the same application to a vetted lending partner with no resubmission. For equipment, a wider network matters, because some partners know specific machinery far better than others.
Best Rated? Five Things Equipment Buyers Can Confirm
- A Better Business Bureau Business Review seal for fundivi Inc., Brooklyn, New York.
- A named agreement, the Equipment Finance Agreement, with title transferring to you at signing.
- Written offers with a fixed payment and itemized fees.
- Payment directly to the vendor, which gives the seller certainty.
- Soft inquiry prequalification and a consultation option.
No star score is published, so none is claimed. Ask for the sample agreement and have your accountant or attorney read it.
A Worked Example: The Landscaping Fleet
A landscaping company wants a $85,000 dump truck and trailer to take on larger contracts. Average monthly revenue is $48,000, the business is two years old and the owner has a 640 credit score.
The owner gets a signed quote from a dealer that lists the truck, trailer, delivery and registration fees. With a financing share of 90 percent, about $76,500 would be financed and $8,500 paid up front. The term is matched to the truck's useful life, say five years, which keeps the payment fixed and predictable. The owner compares that payment with the extra monthly profit the new contracts should produce and finds the payback period is well inside the term. Funds go straight to the dealer, the dealer releases the truck and the title transfers on signing. The whole sequence runs in days, not weeks.
Now compare a different path: paying cash from the operating account would drain $85,000 the business needs for fuel, payroll and insurance. Financing keeps the cash where it is useful.
Five Ways Equipment Deals Get Delayed
- The quote is unsigned or lists a trade name that does not match the vendor's legal name.
- The seller is a private party who cannot provide payment details quickly.
- The equipment is customized and has no obvious resale market.
- Installation or shipping costs are missing from the quote, so the amount has to be redone.
- The business owns an older note on the same equipment that has to be paid off or released first.
Fix these before applying and the 24 hour target is much more realistic.
Equipment Financing or Something Else?
If you need the cash for more than the machine, a term loan covers installation, training and working costs together. If the equipment is a small repair, working capital is faster. If your purchases are frequent and unpredictable, a line of credit may suit. The cost calculator helps you compare, the funding product matcher sorts it out, and the resources library has more. Learn about the company on the about page.
Equipment Financing FAQ
Can equipment financing really fund in 24 hours?
It can, when the signed quote is ready and the file is clean. The product page lists 24 to 72 hours on its spec table and decision in hours in its header. Plan for a day or two. The biggest accelerator is a complete vendor quote with the legal name, price and payment details. Unusual, used or custom equipment, or a private seller, adds verification time.
How much of the price can I finance?
Typically 80 to 100 percent of the purchase price. On a $75,000 machine, that is $60,000 to $75,000 financed and up to $15,000 from you. The page does not publish a required down payment, so confirm the financing share in your offer. A lower down payment keeps working capital free for operations, which is a main reason owners finance instead of paying cash.
What are the terms?
Two to seven years, matched to the asset's useful life. Underwriters want the equipment to outlast the loan, so a long lived machine supports a longer term, while IT hardware with a short life supports a shorter one. Payments are fixed and monthly. Choosing a term that fits the asset's life and your cash flow usually produces the best balance of payment and total cost.
What is the minimum I need to qualify?
Six months in business, $10,000 or more in average monthly revenue and a 550 or higher FICO score, with a signed equipment quote or invoice, three months of business bank statements and a voided business check. These thresholds are lighter than fundivi's term loan requirements because the equipment itself secures the loan and shares the underwriting load.
Who gets the money?
The vendor. Funds go directly to the equipment seller, which gives the seller certainty and lets them release the equipment sooner. You do not receive a check and then have to pay. This also keeps the proceeds tied to the purchase, which is part of why equipment financing can price below unsecured products.
Who owns the equipment?
You do. Title transfers to the borrower at signing under the Equipment Finance Agreement. The equipment secures the loan, so a default can put it at risk, but you are the owner from the start, which matters for insurance, depreciation and tax treatment. Have your accountant or attorney review the agreement before you sign.
Can I finance used equipment?
The product description mentions new or used business equipment. Used items get extra scrutiny of age, condition, the seller and remaining useful life, so ask early and provide as much documentation as the seller can give. A used machine financed over a term longer than its remaining life is a harder case than one matched sensibly.
What if I already own the equipment?
Ask about a sale leaseback, which fundivi offers for equipment you own outright. You sell the equipment to the financing company and lease it back, receiving cash while you keep using it. Check the buyout terms at the end of the lease, because they decide what you own afterward.
Is there a down payment?
The page does not state one. Typical financing of 80 to 100 percent suggests a down payment from zero to 20 percent, depending on the deal, the equipment and your profile. Ask for the exact financing share in your written offer so you can plan your cash.
Does this qualify for a tax deduction?
Many purchases may qualify for Section 179 tax treatment, which can allow certain equipment costs to be deducted in the year of purchase. Whether yours qualifies depends on your tax situation and the equipment, so confirm with your accountant before signing. Buy the equipment because the business needs it, and treat any deduction as a bonus.
What if I am declined?
You get reasons, and your application can go to a vetted lending partner without resubmission. For equipment, partners often specialize by asset type, so a wider network can matter. A decline may also suggest a smaller purchase, a stronger quote or a different product, such as a term loan covering installation and related costs.
Does applying hurt my credit?
Not at the prequalification stage. A soft inquiry is used, and a hard inquiry only follows if you accept an offer that needs one. You can submit a quote, see your options and decide with your credit score untouched.
Approval is not guaranteed. Rates, terms and timing depend on qualifications. The tables above are illustrations and not offers.
