Coralpoint Commercial Capital, a small-business funding service in Titusville, FL, arranges equipment financing for new and used equipment: excavators, trucks, commercial mowers, ovens, dental chairs and lifts. A partner reviews the request and sets terms. This page compares loans, leases and equipment finance agreements and explains how long equipment can be financed.
| Used for | New and used machines, vehicles, tools |
|---|---|
| Secured by | Usually the equipment itself |
| Commonly reviewed | Seller quote, equipment age, statements |
| Structures | Owning outright, leasing or an EFA |
How equipment financing works
A partner pays the seller and you repay over a fixed term. Because the equipment can serve as collateral, a partner reviews the machine as well as the business. Some ask for a down payment; some fold delivery, installation or training costs into the amount; terms differ by partner and by the age of the machine.
How long you can finance equipment is the first question to settle. Terms generally track the machine's useful life: a laptop or POS system over a short span, a truck or excavator over several years. A term longer than the equipment's working life leaves you paying for something you have already replaced.
Used equipment financing
Used equipment can be financed. A used machine may already have proven itself, and it also carries wear. Partners look harder at age, hours, condition and who is selling. A dealer sale and a private sale both need a bill of sale and service history, and some partners cap the age of equipment they will finance.
Used construction equipment financing gets its own walk-through in the post on financing used construction equipment in Brevard County, FL.
Space Coast contractor trucks, compact machines and tools
Brevard County, FL had 1,750 construction employer establishments in 2023, and the county issued permits for 4,624 new residential units in 2025 after 4,603 in 2024 and 6,537 in 2023 (County Business Patterns 2023; Building Permits Survey). Skid steers, trailers, lifts, compressors and work trucks are the kinds of equipment a contractor might finance.
The contractors and builders page covers equipment alongside payroll and materials, and the construction business loan calculator estimates a monthly payment on a loan amount you enter.
Restaurant and kitchen equipment
Kitchens run on equipment that wears out: ranges, hoods, walk-in coolers, fryers, dish machines. Brevard County, FL counted 527 full-service and 412 limited-service restaurants in 2023 (County Business Patterns 2023). Restaurant equipment financing lets an owner replace a failed cooler without emptying the operating account.
The restaurants and food businesses page explains how equipment fits with payroll and a second location.
Mowers, chairs, lifts and exam rooms
Equipment needs vary by trade. Landscapers can finance zero-turn mowers and trailers; auto shops can finance lifts and diagnostic tools; practices can finance imaging and treatment tables. See the landscaping company funding post, the auto repair shop page and the post on optometry and chiropractic practice loans for those cases.
Equipment loan vs lease vs equipment finance agreement
| Structure | Whose name is on the title mid-term | At the end |
|---|---|---|
| Equipment loan | You, with a lien held by the partner | Lien released once paid |
| Lease | The lessor | Return, renew or buy out, per the lease |
| Equipment finance agreement | You, under the agreement | Ownership is clear once paid |
An equipment loan vs lease decision comes down to how long you plan to keep the machine and whether it loses value quickly. A short replacement cycle can point toward a lease; running a machine until it wears out can point toward buying.
Records partners commonly review
- The seller's quote or invoice, with year, make, model and serial number
- For used equipment, hours or mileage and the seller's details
- Recent business bank statements
- Time in business and revenue
For a side-by-side view of all six structures, see the options comparison. If the purchase is a smaller item bought often, a merchant cash advance is sometimes offered instead; it is not a loan, so compare its total dollar cost carefully.
Equipment requests by industry in Brevard County, FL
Each sector buys different machines: contractors buy loaders and trailers, practices buy chairs and imaging, salons buy stations and pedicure chairs, shops buy coolers and registers. The industry pages cover each, and the Titusville, FL page has the local employer counts.
Two questions are worth settling on any equipment request: will the machine still be working when the last payment is made, and does the quote include delivery, installation and training? The request steps list what else to bring.
By Coralpoint Commercial Capital · Updated