10 Best Equipment Leasing Companies for SMBs In 2026

This article reviews the top equipment leasing companies for SMBs. These leasing companies specialize in expedited approvals, more flexible terms and credit requirements

leaving more cash to grow business operations and maintain healthy cash flow. Their leasing structures help protect business operations while supporting business growth.

Key Points & Best Equipment Leasing Companies for SMBs

• Crest Capital — Ideal for businesses that need quick approval without heavy paperwork. You can apply for up to $250,000 using only a basic application, meaning no tax returns or long financial statements are required. Great for speed and simplicity.
• Taycor Financial — A strong choice for businesses with lower credit scores, accepting scores starting at 550. They also offer payment deferral options, letting you start using equipment now and pay later.
• Balboa Capital — Known for fast funding, often within 24 hours. They also provide lease‑to‑own programs up to $500,000, helping businesses eventually own the equipment while keeping payments flexible.
• National Funding — A specialized option for restaurants and food‑service businesses. They understand industry‑specific needs like kitchen equipment, refrigeration, and POS systems.
• US Business Funding — Best for heavy machinery and construction equipment. They offer high funding limits, making them suitable for large industrial purchases like excavators, loaders, and manufacturing machines.
• Funding Circle — A peer‑to‑peer lending platform offering flexible term‑based loans for equipment purchases. Good for businesses wanting structured repayment terms and competitive rates.
• Lendio — A marketplace that lets you compare multiple lenders at once. You can view different equipment loan and lease offers side‑by‑side to choose the best match for your business.
• Time Payment — Great for small-ticket equipment and micro‑leases. They accept credit scores starting at 550, making them accessible for newer or smaller businesses.
• Clicklease — Designed for instant, same‑day approvals on smaller equipment purchases up to $20,000. Works well for businesses with lower credit profiles needing quick decisions.
• First Citizens Bank — A strong traditional bank option for large, high‑value industrial equipment. Ideal for businesses needing structured, long‑term financing from a stable banking institution.

10 Best Equipment Leasing Companies for SMBs

1. Crest Capital

Crest Capital is well-suited for businesses needing speed in getting a quick equipment financing solution with a minimal documentation hassle. Through a simple online application, businesses can finance up to $250,000 in a few minutes, without the need to submit tax returns, bank statements, or audited financials.

Because of this ease, smaller businesses can get an approving funding solution quickly to capitalize on time-restricted business opportunities. Crest Capital offers financing with fixed monthly payments and competitive rates and terms that range from 24 to 72 months.

Crest Capital’s financing solution is also unique in that they finance both new and used equipment. With their equipment financing solution, Crest Capital offers ease and speed that businesses can rely on.

Crest Capital — Features

2. Taycor Financial

Taycor Financial is a good option for financing solutions for businesses that have lower credit scores, as they offer financing solutions and leasing to businesses with credit scores as low as 550. Because of this, Taycor Financial opens up financing options to newer businesses and businesses that are growing and/or rebuilding their credit.

Taycor also offers flexible payment structures by financing equipment with 90-day deferred payments. When considering a financing solution through Taycor Financial, businesses can choose to defer the first three months payments and incur no cost.

Taycor Financial offers financing solutions in the manufacturing, medical, retail, and logistics industries. Taycor Financial stands out from its competitors for offering a “soft-pull” prequalification which allows a business to see what rates and terms they are eligible for without a credit check.

Taycor Financial — Features

3. Balboa Capital

Balboa Capital can approve funding in as little as 24 hours, making them one of the faster funding options, especially for urgent equipment purchases. They also offer lease to own programs for up to $500,000, allowing businesses to make purchases for equipment with gradual ownership and predictable monthly payments.

Balboa serves a wide range of industries like construction and health care and even technology. Their application process is relatively quick with most deals requiring limited documentation.

They finance equipment that other vendors may consider specialized like fitness machines, vehicles, and industrial tools. Balboa is one of the top funding choices for fast-growing businesses for their speed and flexibility.

Balboa Capital — Features

4. National Funding

National Funding specializes in restaurant and food service equipment financing. They understand the cash flow of their prospects and offer financing solutions for new or used refrigerators, kitchen equipment, and point of sale systems.

They offer flexible terms with discounts available for early payoff. In the spirit of flexible terms, they are able to fund time sensitive orders for equipment quickly.

National Funding does a great job serving the restaurant community with financing solutions that fit their cash flow, especially helping with the cost of purchasing equipment. The financing options make them a stand out choice for helping their industry clients.

National Funding — Features

5. US Business Funding

Heavy machinery financing? Look no further than US Business Funding. Funding towards larger purchases like excavators, bulldozers, cranes, loaders, or a wide range of manufacturing systems is available beyond the $1 Million dollar mark.

Their approval process is designed to cater specifically to industries with larger capital equipment needs. They offer financing with flexible terms and competitive rates. US Business Funding has vendor-direct equipment financing, allowing businesses to obtain financing directly from their supplier partners.

In addition, they provide funding for start-ups and mid-size businesses and provide structured financing that matches the financing term of the business projects. The largest and most complex industrial financing needs are a specialty of US Business Funding.

US Business Funding — Features

6. Funding Circle

Funding Circle’s peer-to-peer financing model gives equipment financing with term loans. Loans are available with fixed interest rates and an average duration of 7 years or even as short as 6 months.

Through Funding Circle, businesses can obtain loan funding with lower costs than what banks may offer. Funding Circle’s digital underwriting process is fast, and this comes with transparent fees.

They offer financing to avoid expensive leases, and even offer refinancing of equipment loans to save businesses money and manage a cash flow.

Funding Circle — Features

7. Lendio

Lendio is an equipment financing and leasing comparaison marketplace. More than 75 funding providers are available on this platform. Rather than applying to each funding provider separately, users complete one application and receive tailored options based on the results of the credit check and their industry.

Lendio assists in funding everything from a small equipment lease to a loan for expensive machinery. Funding advisors are available to assist in selecting the best funding option.

Lendio has specific funding programs for startups, low credit customers, and underserved markets. Lendio’s model is a great time saver while improving a business’s funding approval.

Lendio — Features

8. Time Payment

Time Payment is an equipment financing and leasing solutions provider for low-cost and micro-leasing transactions as low as $500. Time Payment will consider funding applications for persons with credit scores as low as 550.

As a result, new businesses and those with limited credit history can use Time Payment. Time Payment has an approval system that’s an automated underwriting engine. In combination with automated system approvals, Time Payment provides customized lease terms.

Lease-to-own” options on small equipment are also available. Time Payment’s microlending focus is ideal for small transactions that are usually ignored by larger lenders.

Time Payment — Features

9. Clicklease

Clicklease provides same day approvals on purchases of smaller pieces of equipment, up to an amount of $20,000. For businesses that need quick approvals on credit purchases

Clicklease is a good option. They use an automated underwriting system, so credit approvals, including approvals for businesses with weaker credit, can happen in minutes.

Clicklease provides cash flow friendly payment plans that can be as frequent as weekly. They also provide a feature in which credit is not pulled to prequalify you for a loan.

Clicklease also has a unique feature in which they have a financing connection that lets their customers apply for financing through their vendor checkout. Clicklease is geared toward retail and service based businesses.

Clicklease — Features

10. First Citizens Bank

For large orders of industrial equipment with loans of longer than 1 year, First Citizens Bank offers good long term funding with low rates. They offer funding solutions for manufacturing equipment and commercial vehicles, medical equipment, and technology.

Because of their structure and model, they offer long term financing solutions and provide personalized financial planning and flexible payment solutions that are tailored to each distinctive situation.

First Citizens Bank offers Equipment lines of credit to help fund recurring equipment needs. First Citizens Bank is a good option for large, established companies that are looking for long-term and low rate funding for large equipment purchases.

First Citizens Bank — Features

Conclsuion

Conclusion Smaller businesses use equipment leasing as a less financial restrictive means of obtaining expensive items. All of the companies listed in this report offer fast approval times, flexible terms, and loans for businesses at all ends of the credit spectrum.

Small to medium sized businesses (SMBs) can better determine which lender to choose by examining features and funding caps. Equipment leasing allows businesses to continue growing and stabilizes operations, all at an affordable cost.

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