Quick Summary: Equipment financing lets a business buy one machine or a whole fleet and pay for it monthly over 3 to 7 years, with a fixed rate, in any industry. Lexington Capital's general guidelines are 1 year in business, a 600 credit score, at least $120,000 in yearly revenue, an invoice for the equipment and your last 4 months of bank statements. Ask your tax professional about writing the equipment off.
A new truck, a commercial oven or a second lift can pay for itself. Paying for it all at once, though, can leave the business thin for months. Equipment financing spreads the cost out so your cash stays free for running the business.
How Equipment Financing Works
You pick the equipment and get an invoice or quote. The financing covers the purchase, and you repay it monthly.
With the equipment program Lexington Capital arranges:
- Terms run from 3 to 7 years.
- The rate is fixed, so the payment doesn't change.
- You can finance one piece or several in the same deal.
- There are no industry restrictions.
What Lexington Capital Generally Looks For
Under Lexington's general guidelines, which can change:
- 1 year in business.
- A credit score of 600 or higher.
- At least $120,000 in yearly revenue.
- An invoice for the equipment.
- Your last 4 months of bank statements.
Every application is reviewed on its own, so if you're close on one of these, it's still worth a conversation.
Luis and his brother run an HVAC company in Essex County. Their second van is twelve years old and spends more days at the mechanic than on jobs. Financing a newer van over five years gives them a fixed monthly payment they can plan around, and keeps their savings available for parts and payroll. (This is an illustration, not a real client.)
Kevin helps you get ready and submits the application. Lexington Capital makes the decision.
Do the Math Before You Sign
The right equipment earns more than it costs. Before you finance anything, write down:
- How much more work it lets you take on each month.
- What it saves you in repairs, rentals or downtime.
- Whether the monthly payment fits comfortably inside those numbers.
If the math doesn't work, a cheaper model, a used unit or waiting a season might be the smarter move. Kevin will say so if that's what he sees.
Note: Financing is provided by Lexington Capital, not by Kevin Gaviria or Gaviria Life Insurance Solutions. Kevin is a referral partner of Lexington Capital, not a lender, and may receive a referral fee. Lexington Capital reviews every application and makes all credit decisions. Not every applicant is approved.
A Word About Taxes
Business equipment can often be written off, but every situation is different. Talk to your tax professional before you decide. Kevin isn't a tax advisor, and he'll tell you that too.
When it's time to apply, Kevin sends you a private upload link for your documents. Please don't text or email bank statements, tax returns or credit reports.
A Simple Next Step
See whether equipment financing or another program fits with the 2-minute program check, or read what each program takes. You can also call or text Kevin at (848) 212-8787.
FAQs: Equipment Financing
There are no industry restrictions under Lexington's program, from trucks and vans to kitchen equipment, machines and medical or dental equipment. You'll need an invoice or quote.
Yes. One or several pieces of equipment can be financed in the same deal.
Usually 3 to 7 years, with a fixed rate and monthly payments.
Lexington's general guideline is 600 or higher, along with 1 year in business and at least $120,000 in yearly revenue.
Often, but not always. Ask your tax professional about your situation before you decide.