Equipment Financing in Yonkers, NY
What equipment financing look like in Yonkers
Foxglove Business Capital arranges equipment financing for Yonkers businesses acquiring machinery, vehicles, medical devices, restaurant equipment, and technology systems. Whether you run a dental practice in Dunwoodie or a commercial kitchen near Ridge Hill, we connect you with lenders who use the equipment itself as collateral and structure payments around your cash flow. Amounts typically run $10K–$5M, and funding usually lands in 1–3 days once your documents are in. Every file is reviewed by a local advisor who knows the Yonkers market, so you get a realistic answer instead of a generic quote.
Real Yonkers-area businesses, funded.
Who qualifies for equipment financing in Yonkers?
Lenders generally approve businesses with at least one year of operation and $100,000 in annual revenue, focusing on the value and useful life of the equipment rather than credit score alone, and funds can be used for new or used machinery, vehicles, or technology.
Startups and owners with credit in the 600s often qualify because the equipment serves as its own collateral, reducing lender risk, and we begin with a soft credit check and an equipment quote or invoice before submitting a formal application.
Rates, terms & how equipment financing compare in Yonkers
Pricing depends on equipment type, age, and residual value, with new medical imaging devices and trucks typically receiving better terms than older or specialized machinery with limited resale markets. A contractor buying excavators will see different structures than a restaurant outfitting a kitchen at Cross County Shopping Center, and we present multiple lender options so you can weigh monthly payment against total cost.
| Program | Typical amount | Funding speed | Best for |
|---|---|---|---|
| Equipment Financing | $10K–$5M | 1–3 days | Fund equipment, keep your cash. |
| SBA Loans | $50K–$5M | 2–8 weeks | Low-rate, long-term SBA 7(a), Express & 504 financing. |
| SBA 7(a) Loan | $50K–$5M | 3–8 weeks | The flexible SBA workhorse for growth and acquisition. |
| Business Line of Credit | $10K–$1M | 1–5 days | Revolving capital you draw only when you need it. |
What you can use equipment financing for, and what you will need
Common Yonkers uses
Yonkers owners put equipment financing to work in a few reliable ways:
- Covering payroll through a slow stretch
- Buying inventory ahead of a busy season
- Purchasing or repairing equipment
- Opening or expanding a location
- Bridging cash flow between slow-paying invoices
- Funding hiring or a marketing push
What you will need to apply
- A government-issued photo ID
- Three to six months of business bank statements
- Basic revenue and time-in-business details
- A short summary of how you will use the funds
- Tax returns for larger or SBA requests
How funding works for equipment financing in Yonkers
Getting equipment financing in Yonkers is simpler than most owners expect. One conversation replaces a dozen separate applications.
Tell us about your business
A short call or form covers your revenue, time in business, and what the funds are for. No hard credit pull to start.
We match the program
We compare more than 20 lenders and structure the offers that genuinely fit how your business earns.
Compare real offers
See amounts, rates, and terms side by side, with the true cost of each option spelled out plainly.
Close and get funded
Choose the offer you want and we guide you through closing, then the funds land in your account.
Yonkers in practice
A landscaping company in Lincoln Park recently financed a fleet of mowers and a dump truck through our network, spreading payments over four years to preserve cash for seasonal payroll. A dental office in Crestwood used equipment financing to acquire a digital X-ray system and chair upgrades, matching the payment term to the technology's expected lifespan.
Equipment Financing across the metro
Equipment Financing · Bronxville
Bronxville is a vibrant business community known for its upscale shops and services.
See Bronxville →Equipment Financing · Mount Vernon
Mount Vernon offers a variety of business opportunities with its growing commercial sectors.
See Mount Vernon →Equipment Financing · Hastings-on-Hudson
Hastings-on-Hudson is a charming village that supports local businesses and entrepreneurship.
See Hastings-on-Hudson →Equipment Financing · Tuckahoe
Tuckahoe is a small yet thriving business community with a focus on local commerce.
See Tuckahoe →Business funding in Yonkers, by the numbers
- Access to capital remains a top challenge cited by small employers in the Federal Reserve's Small Business Credit Survey. (Federal Reserve)
- SBA 7(a) loans, the agency's most common program, can range up to $5 million. (U.S. Small Business Administration)
Reviewed July 2026 · figures link to primary sources.
Business equipment loans, leasing & financing companies compared
Equipment financing for business use comes in more than one flavor, and Yonkers owners get better terms when they know which structure fits their situation.
Business equipment financing and business equipment loans both typically use the purchased asset as collateral, but an equipment loan business owners choose to buy outright differs from equipment leasing, where you pay to use the equipment for a term and may return, renew, or buy it at the end. When comparing equipment financing companies, equipment loan companies, and equipment lending companies, ask each one directly about small business equipment loan minimums, since many equipment small business loans programs have a floor that excludes very small purchases. Small business equipment financing and small business equipment lending programs tend to move faster than a bank term loan because the equipment itself secures the debt, and finance for equipment purchases under a certain size sometimes qualifies for simplified, one-page applications rather than full financial underwriting.
Restaurant, medical, construction & farm equipment financing
Different industries have different equipment financing needs: restaurant equipment financing and equipment financing restaurant programs cover kitchen buildouts and walk-in coolers, while construction equipment financing and medical equipment financing serve contractors and healthcare practices whose machinery carries much higher price tags. Dental equipment financing follows a similar path, with equipment finance lenders familiar with imaging systems and chairs offering better terms than a generalist. Farm equipment financing addresses tractors and specialized agricultural machinery, often through equipment leasing and finance association member lenders who understand seasonal cash flow. National names like us bank equipment finance, us bancorp equipment financing, wells fargo equipment financing, and amur equipment finance compete in this space alongside regional and specialty equipment lenders, and we help Yonkers business owners compare an equipment loan calculator estimate against real quotes before committing, since financing equipment calculator tools online often miss fees that show up in the final equipment lease financing agreement.