What equipment financing rates can I expect with good credit (660–719) in 2026?
With good credit (660–719) in 2026, expect roughly 9–14% on equipment financing — a few points above prime, below fair-credit pricing.
With good credit (660–719) in 2026, expect equipment financing of roughly 9–14% nominal interest, or about 10–17% APR once origination fees are added. That's a few points above the prime-plus rates for 720+ borrowers and below fair-credit pricing.
If your credit score sits in the 660–719 ("good") tier, you can expect equipment financing rates of roughly 9% to 14% in 2026. That figure is the nominal interest rate; lenders state that origination and documentation fees typically add 1–3 percentage points to the effective APR, so the all-in cost for a borrower in this band usually lands somewhere between about 10% and 17% APR, depending on the lender, the equipment, and your time in business.
This is solid, mid-tier pricing. You are priced a few points above the prime-plus rates reserved for the 720+ tier (commonly 5–9%), and well below the 14–25%+ that lower-credit borrowers face. One industry lender pricing guide maps the ~660–719 range directly to a 9–14% nominal band, calling it "mid-tier pricing" (The Credit People).
Where 660–719 falls in the tier tables
Most 2026 rate tables split this range across two named tiers. A 2026 equipment-financing benchmark report lists Good credit (700–759) at 9.00%–14.00% APR and Fair credit (640–699) at 13.00%–20.00% APR (Crestmont Capital). Because the 660–719 band straddles both, scores near the top (700–719) tend to price like the lower end of "good," while scores near 660 can see rates pushed toward the mid-teens. The takeaway is consistent: 9–14% is the realistic center of gravity for this tier, with the spread widening as you move down toward 660.
For broader context, NerdWallet quotes equipment financing at 4% to 45% APR across all borrowers and lender types (NerdWallet) — good credit keeps you firmly in the lower third of that range.
How to land at the bottom of the range
Credit score is the first gatekeeper, but it is not the only one. Strong annual revenue, two or more years in business, and a low-depreciation, easily-resold piece of equipment all push your quote toward the 9–10% floor. The cheapest money goes to bank and SBA-backed deals: bank term loans run roughly 8%–13% and SBA 7(a) loans 9.75%–14.75% in 2026 (Business.com) — accessible to good-credit contractors but slower to fund than equipment-specialist lenders.
A few practical levers: put more money down to lower the lender's exposure, keep the term aligned to the equipment's useful life rather than stretching it, and compare at least three offers — pricing within the good tier varies meaningfully by lender. If your score is closer to 660 than 719, see how the next tier down prices in fair credit equipment loans; if you expect to cross 720 soon, the excellent credit equipment financing page shows the prime-plus rates you'd unlock.
The bottom line
Good credit in the 660–719 range puts equipment financing well within reach at fair, mid-tier pricing — about 9–14% nominal (≈10–17% APR with fees) in 2026. It's not the rock-bottom rate of an 760+ borrower, but it's far from the punitive pricing of subprime financing, and strong business fundamentals can pull your final offer toward the low end of the band.
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