Equipment Loans
An equipment loan is the most straightforward way to finance a spray foam rig: you borrow the funds, purchase the equipment, and repay the loan in fixed installments over an agreed term. Once the balance is paid off, the rig is yours free and clear.
How it works
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You submit a financing application with basic business and equipment details.
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We match your application with lenders who work with spray foam and construction-trade equipment.
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The lender reviews time in business, credit profile, and the rig's purchase details.
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Approved terms typically include a fixed monthly payment over a multi-year term, with the equipment itself securing the loan.
Good for
- Contractors who want to build equity and own the rig at the end of the term
- Businesses purchasing a complete rig, trailer, or standalone proportioning unit
- Owners with an established credit and business history looking for a fixed, predictable payment
Typical factors for this financing type
General, industry-typical patterns — not a guarantee. Every lender sets its own criteria, and your specific approval and terms depend on the financing source you're matched with.
Time in business
Typically 1-2+ years for the most competitive terms; some programs work with newer businesses
Credit profile
Industry guidance generally points to a personal credit score in the mid-600s or better for standard terms
Down payment
Often 0-20% depending on the lender, the equipment, and the applicant's profile
Term length
Commonly 3-5 years, roughly matched to the useful life of the equipment
Equipment Loans FAQs
Yes. With an equipment loan you take ownership at purchase, and the lender holds a security interest in the rig until the loan is paid off — similar to how a vehicle loan works.
Many lenders finance used equipment, though terms, required documentation, and down payment expectations can differ from new-equipment financing. See our new-vs-used equipment financing page for more detail.
Compare your other paths
Equipment Leasing (Lease-to-Own)
A lease structure that spreads the cost of a rig over time, often with lower upfront cash requirements and a purchase option at the end of the term.
Working Capital & Line of Credit
Financing that isn't tied to a specific piece of equipment — useful for rig maintenance, replacement parts, hose and gun repairs, or covering a gap between jobs.
New vs. Used Rig Financing
Financing is available for both brand-new rigs from a dealer and used equipment purchased directly from another contractor or a private sale.
Start your spray foam rig financing application
Tell us about the equipment you need and your business, and we'll connect you with financing sources that work with spray foam contractors.