Guide
Section 179 lets a business deduct the full purchase price of qualifying equipment in the year it is placed in service, rather than depreciating it over years.
✓ Checking what you qualify for does not affect your credit score.
That deduction applies whether the equipment is bought with cash or financed — which is the part most owners miss. Financing the purchase and taking the full deduction in year one can leave you cash-positive on the transaction in the first year.
There are annual dollar limits and a phase-out threshold, and the equipment must be placed in service, not merely ordered, before year end.
That year-end timing is why equipment funding gets urgent in December.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Confirm the specifics with your accountant. This is a financing site, not tax advice.
Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Yes, up to two existing positions.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
