73% of manufacturing businesses in the Piedmont Triad use some form of equipment financing to acquire machinery without depleting operating cash. For High Point's furniture producers, CNC operators, and logistics companies, equipment financing offers a pathway to upgrade production lines, delivery fleets, and fabrication tools while preserving working capital for payroll and inventory.
Equipment financing
Equipment financing for business is a secured loan or lease structure where the machinery itself serves as collateral. Marshgate Funding brokers equipment financing in High Point by connecting local companies with national and regional lenders who specialize in manufacturing, transportation, and commercial equipment. Instead of paying the full purchase price upfront, businesses spread the cost over 12 to 84 months, matching payments to the equipment's useful life and revenue generation.
Equipment financing
Lenders typically look for businesses operating at least one year with steady revenue, though startups in Archdale or Thomasville may qualify if the equipment generates immediate income. A personal credit score above 600, a down payment of 10 to 20 percent, and clear documentation of the equipment's purpose strengthen approval odds. High Point's furniture finishers, upholstery shops near Premier Drive, and trucking outfits serving the I-85 corridor often meet these thresholds because the equipment directly supports billable work or production capacity.
Equipment financing
Small business equipment financing in High Point funds CNC routers, industrial sewing machines, box trucks, forklifts, HVAC units for warehouses in Jamestown, printing presses, and packaging lines. A Wallburg cabinet maker might finance a edge bander and panel saw to fulfill larger contracts from furniture showrooms along Main Street, while a Trinity logistics company finances a fleet of delivery vans to serve e-commerce fulfillment centers in the region.
How it works
Call (336) 910-4745 to discuss your equipment needs and current financials. We gather tax returns, bank statements, equipment quotes, and vendor invoices, then submit your file to multiple equipment financing companies and equipment loan companies in our network. Because we work as a broker, we compare terms and structures to improve your approval odds and match repayment schedules to seasonal cash flow. Visit our office at 3980 Premier Dr, High Point, NC 27265 or explore business financing options across High Point and our full service areas including Colfax and Sophia.
### Answer Capsules
What is equipment financing? Equipment financing is a loan or lease secured by the machinery or vehicle being purchased, allowing businesses to acquire assets without full upfront payment. The equipment itself serves as collateral, and terms typically range from one to seven years depending on the asset's lifespan.
Who qualifies for equipment loans? Businesses with at least one year of operation, consistent revenue, and credit scores above 600 generally qualify. Startups may be approved if the equipment produces immediate income. A down payment of 10 to 20 percent and detailed equipment quotes strengthen the application.
How does a broker improve approval odds? A broker submits your application to multiple equipment lending companies, comparing terms and structures that align with your cash flow and collateral. This approach increases the likelihood of approval and helps secure repayment schedules that match your business cycle and revenue patterns.
Serving the High Point area
We know which lenders fund which kinds of High Point businesses, and we position your file where it fits.
One local broker, many lenders, and no cost to apply.
Common questions
Talk to a local advisor and get matched to the right program, no obligation.
