Truidian

Business Capital

Equipment financing for trucks, machinery and technology.

Truidian helps businesses identify and connect with third-party equipment financing and leasing providers, so the equipment that runs the business doesn’t have to be paid for in cash up front. Truidian is not a lender or leasing company.

How it works

Understanding equipment financing.

Equipment financing

How does equipment financing work?

Equipment financing is funding used to acquire business equipment — trucks, trailers, machinery, vehicles or technology — where the equipment itself typically secures the financing.

Two common structures are equipment loans, where the business owns the asset from the start and builds equity as it pays down the loan, and equipment leases, where the provider owns the asset and the business pays to use it, sometimes with an option to purchase at the end of the term.

Providers generally weigh the type, age and useful life of the equipment alongside the business’s financials and time in business. New equipment, used equipment and private-party purchases are often treated differently — private-party deals in particular may require additional documentation or carry different terms than purchases from a dealer.

Down payment requirements, term length and total cost vary by provider, and by whether the equipment is considered essential, specialized or easily resold.

Commonly explored when

  • Purchasing or replacing trucks, trailers or vehicles
  • Adding production, shop or job-site equipment
  • Preserving cash by financing rather than buying equipment outright

What to compare

What actually differs between providers.

  • Loan vs. lease

    A loan builds ownership from day one. A lease can lower monthly payments and may include upgrade or buyout options, depending on the provider.

  • New vs. used equipment

    Newer equipment with resale value often qualifies for longer terms and lower rates than older or highly specialized equipment.

  • Down payment

    Down payment requirements vary by provider, equipment type and the applicant’s financial profile — expect them to factor into total cost.

  • Term length

    Terms are typically matched to the useful life of the equipment so payments don’t outlast its productive years.

FAQ

Common questions about equipment financing.

Is Truidian an equipment lender or leasing company?

No. Truidian is a business solutions company. Truidian helps businesses identify and connect with third-party equipment financing and leasing providers. Approval, rates and terms are set by the participating provider.

Can I finance used or private-party equipment?

Many participating providers finance used equipment, including private-party purchases, though terms and documentation requirements often differ from new or dealer purchases. Eligibility depends on the specific provider and equipment.

What determines my down payment and rate?

Down payment and rate are set by the participating provider based on factors like the business’s time in business and financials, and the equipment’s type, age and resale value.

Can equipment financing be combined with other capital, like a line of credit?

Yes. Many businesses use equipment financing for a specific asset purchase while maintaining a separate line of credit or working capital facility for day-to-day needs.

Tell us what you're financing.

Share the type of equipment, new or used, and your timeline. We'll identify participating providers whose programs may fit.

Truidian is not a lender or leasing company. Financing is offered by participating third-party providers and is subject to their underwriting, approval and terms. Truidian does not guarantee approval, rates, amounts or timing.