Equipment financing lets Hartford businesses buy or lease machinery, vehicles, technology, and tools by spreading the cost over time, using the equipment itself as collateral. Most lenders approve 80-100% financing with terms from 2 to 7 years, and you keep cash reserves intact while your new asset starts earning revenue.
Equipment financing
Equipment financing is a secured loan or lease where the purchased asset serves as its own collateral, so you don't tie up real estate or other business assets. You select the machinery, vehicle, or technology. The lender funds the purchase. You make fixed monthly payments until you own it outright (or return it at lease-end). Because the equipment backs the loan, approval is often faster and down-payments smaller than unsecured working capital.
Hartford manufacturers along the Founders Bridge corridor use equipment financing to upgrade CNC machines and robotics without draining operating accounts. Medical practices in the Asylum Hill neighborhood finance imaging systems and dental chairs. Landscapers in Wethersfield and Newington buy trucks and mowers before spring season hits.
Equipment financing
Most lenders want at least six months in business, a credit score above 600, and enough cash flow to cover the monthly payment plus existing obligations. Startups sometimes qualify if the equipment generates immediate revenue (a food truck, for example) or if the owner puts 10-20% down. Lenders care more about the resale value of the asset than your office lease or accounts receivable.
We work with equipment financing companies that fund everything from a $15,000 commercial oven to a $500,000 printing press. If you're buying something with a useful life longer than the loan term, you probably qualify.
Equipment financing
Hartford businesses finance:
- Manufacturing & fabrication: CNC lathes, laser cutters, injection molders, forklifts. - Transportation & logistics: Box trucks, vans, trailers, pallet jacks. - Medical & dental: X-ray machines, ultrasound, sterilizers, exam chairs. - Food service: Ovens, refrigeration, espresso machines, point-of-sale systems. - Construction & trades: Excavators, lifts, compressors, scaffolding. - Technology: Servers, telecom hardware, security systems.
A Hartford bakery on Franklin Avenue recently financed a new deck oven and proofer through one of our equipment lending partners, preserving cash for ingredient inventory during the holiday rush.
How it works
Call our Hartford office at (860) 743-7281 with the equipment quote or invoice; we'll ask about your time in business, monthly revenue, and credit profile, then shop your scenario to multiple equipment loan companies within 24 hours. You'll see term options side-by-side. Once you choose, the lender orders a simple one-page application, verifies bank statements, and wires funds directly to the vendor or dealer.
Because we're a broker, not a lender, we compare rates and structures you won't find walking into a single bank. We've placed equipment financing for businesses in West Hartford, East Hartford, Glastonbury, Rocky Hill, and across our service areas. Whether you need a business line of credit to cover seasonal gaps or SBA 7(a) financing for a larger project, we start every conversation by listening.
Visit us at 20 Church St, Hartford, CT 06103 or call (860) 743-7281 to discuss your next equipment purchase.
Serving the Hartford area
We know which lenders fund which kinds of Hartford businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Why Hartford owners trust Glenwood Lending
Talk to a local advisor and get matched to the right program, no obligation.
