Costs and terms
What equipment financing costs depends on the rate, term, amount and any down payment; 1West lists rates as low as 7% and terms of 5 to 60 months.
Those 1West figures, published on its equipment financing page as of November 2026, are a floor and a range, not a quote. Your actual offer depends on the lender, your credit, revenue, time in business and the equipment. This page shows what raises or lowers cost, worked payment examples and an estimator you can run with a rate from a real offer.
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The honest answer is a formula, not a single number: the amount financed, the interest rate and the term set your payment, and any fees add to the total. Here is the math at 7%, the lowest rate 1West lists, on a $50,000 purchase with no down payment and no fees. Real offers may carry higher rates.
| Term | Monthly payment | Total of payments | Total interest |
|---|---|---|---|
| 24 months | About $2,239 | About $53,726 | About $3,726 |
| 48 months | About $1,197 | About $57,480 | About $7,480 |
| 60 months | About $990 | About $59,394 | About $9,394 |
The pattern holds at any rate: a longer term lowers the monthly payment and raises the total interest.
Figures as listed on the 1West equipment financing page, as of November 2026. General 1West requirements: at least six months in business, four months of business bank statements, monthly revenue of $20,000 or more and a 600+ FICO score. Rates and terms are set by the lender and are not guaranteed.
Cost factors
Enter your equipment price, any down payment, a rate and a term. This tool does not supply or predict a rate; use one from a real offer, or test a range to see how sensitive your payment is.
Assumptions: a fixed annual rate, level monthly payments, no fees, taxes or balloon payment, and the down payment subtracted from the price. This is an estimate for planning, not an offer, a financial decision or a statement that you qualify. Real offers come from lenders and depend on your business.
These figures come from other companies' public pages ranking for equipment financing searches. They are their numbers, not 1West terms, and are shown so you can read offers in context.
| Source page | Published figure |
|---|---|
| Crest Capital, equipment financing page | One application covers $10,000 to $500,000, with same-day credit decisions and no financial statements needed up to $250K |
| First Citizens Bank, business equipment financing page | Finance equipment up to $3 million |
| Why Financing your Business Equipment is your Best Move | Banks often require a 20% down payment |
| Equipment Finance: A Guide to Understanding How it Works | Example of a lender providing a loan for 80% of the equipment’s cost |
| LendingTree | Average approved amount of a business loan used for equipment was nearly $38,000, per applications its Small Business Concierge team processed in 2025 |
Borrow only what the invoice requires, choose the shortest term your cash flow comfortably supports and compare offers on total of payments. A down payment, clean bank statements and an accurate vendor invoice also help. 1West publishes more ideas in its own guide on the equipment financing page and blog.
Short answers here. Every question has a fuller home in the equipment financing FAQ.
The 1West equipment financing page lists rates as low as 7%, as of November 2026. Your actual rate depends on the lender, your credit, revenue, time in business, the equipment and the term. A rate shown as "as low as" is the floor, not a typical offer, so compare the full cost of every offer before choosing.
Read this answer in the FAQIt depends on the rate and term. As a math example only, $50,000 at 7% over 48 months is about $1,197 a month, and over 60 months about $990, before fees. Seven percent is the lowest rate 1West lists for equipment financing, so real offers may be higher. Use the payment estimator on our costs page to test your own numbers.
Read this answer in the FAQ1West lists equipment financing terms from 5 to 60 months. Shorter terms mean higher monthly payments but less total interest, while longer terms lower the payment but usually cost more overall. Many owners match the term to how long the equipment will stay productive, so they are not still paying after it is retired.
Read this answer in the FAQ1West lists equipment financing amounts from $10K to $5M. What you are offered depends on the equipment price and value, your revenue and credit, and each lender's limits. For context, LendingTree reports the average approved amount of a business loan used for equipment was nearly $38,000, based on applications its team processed in 2025.
Read this answer in the FAQSometimes. One page ranking for business equipment financing notes that banks often require a 20% down payment, and another guide gives the example of a lender covering 80% of an equipment's cost. Other lenders finance the full value. Any down payment appears in the offers you compare through 1West, so you can weigh cash up front against the monthly payment.
Read this answer in the FAQBorrow only what the invoice requires, choose the shortest term your cash flow comfortably supports, and compare the total of payments rather than just the monthly payment. A larger down payment, stronger credit and clean bank statements can also help. Ask each lender about fees and prepayment rules so a low monthly figure does not hide extra cost.
Read this answer in the FAQFees vary by lender and can include documentation, origination or late fees, plus any taxes, delivery or installation costs built into the financed amount. This guide does not list specific fees because each lender sets its own. Ask for every fee in writing and compare the total of payments across offers before you accept one.
Read this answer in the FAQBack to the full guide to equipment financing for small business
Apply once through ABLE, the 1West Automated Business Lending Engine, any time of day, and compare the offers that come back. Eligibility, rates and final terms depend on the lender.
