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Equipment Express® Loan

The Equipment Express loan offers flexible loan terms and access to up to $100,000 with competitive fixed interest rates for business vehicle and equipment purchases. Choose your term and lock your rate for the duration of the term. You’ll always make the same low monthly payment and your loan will be completely paid off at the end of the term. Plus, you can get pre-approved so you can shop knowing you already have funding in place.
Ideal ForEstablished businesses who want to finance new and used equipment or vehicles.
How it Works
  • Save time with the convenient application process and pre-approved funds.
  • Use your funds for multiple purchases, up to your available credit limit.
  • Loans convert to fixed rate term when you draw down to make a purchase.
Does it work for you?Ask a Business Banker.

Additional Information

Credit AmountPre-approvals from $10,000 to $100,000. Minimum draw down amount: $5,000.
Amounts FinancedEquipment
  • Up to 100% of the purchase price on new and used equipment.1

  • Up to 100% of the purchase price on new vehicles.
  • Up to 100% of the low Kelley Blue Book value for used vehicles up to 10 years old.
TermsFor eligible equipment and vehicles:
  • Up to 6 years on new vehicles.
  • Up to 5 years on new equipment and used vehicles.
  • Up to 4 years for used equipment.
  • Up to 3 years on new information and communication equipment.
Interest RatesRates range from 4.25% to 18.25% - based on term length and your personal credit history, and equipment or vehicle being purchased.
CollateralYour purchased equipment and/or vehicles.
  • No Application, Annual or Pre-payment Fees.
  • Documentation Fee: $150 for the first loan; no fees for additional loans on the original credit amount. Get your documentation fee waived when opened and maintained as part of a Wells Fargo Business Services Package.
Optional FeatureAutomatic Payment: Automatically make payments on your Equipment Express loan from your business checking at your convenience.
For More Information
  • Review our Frequently Asked Questions.
  • Compare our business loans.
How to Apply
1 New and used personal computers (PCs), including laptops, desktops, monitors, keyboards, printers, associated software and accessories are not eligible.
Terms for credit products are subject to final credit approval of the business and its owners. A physical address is required to receive a Wells Fargo business credit product. You must be an owner of this business and not already have this product. See Terms and Conditions for details at account opening.