Best Financing Options for Forklifts and Material Handling Equipment

From warehouses and distribution centers to manufacturing plants and retail stores, forklifts and material handling equipment are essential for keeping operations moving. But these machines often come with price tags ranging from $20,000 to $120,000+. That’s where the right financing options for forklifts and material handling equipment can help your business grow without draining capital.

✅ Featured Snippet Answer:

What is the best way to finance a forklift?
The best way to finance a forklift is through equipment loans, leasing programs, or dealer financing—based on your budget and usage needs.

Why Financing Forklifts Makes Sense

Buying material handling equipment outright can be a cash flow challenge. Financing or leasing allows you to:

• Preserve working capital for payroll and inventory

• Start using equipment right away with manageable payments

• Write off payments or depreciation for tax benefits

• Upgrade regularly to newer, more efficient models

• Align costs with operational revenue

Related: Equipment Financing 101: Everything You Need to Know

Equipment Eligible for Financing

You can finance or lease a wide range of material handling equipment, including:

• Electric, propane, diesel, or gas forklifts

• Pallet jacks and reach trucks

• Order pickers and stackers

• Scissor lifts and aerial work platforms

• Conveyor systems

• Warehouse racking and shelving systems

• Telehandlers and rough-terrain forklifts

✅ Many lenders will bundle attachments, extended warranties, and delivery into one financing package.

Best Financing Options for Forklifts & Material Handling

🏗️ 1. Equipment Loans

• Fixed monthly payments and interest rates

• Terms from 24–72 months

• You own the forklift after the final payment

• Great for long-term asset investment

🔁 2. Equipment Leasing

• Lower monthly payments compared to loans

• Options to return, upgrade, or buy at lease end

• Ideal for fast-growing businesses or seasonal needs

• Often includes maintenance coverage

🏦 3. SBA 7(a) and 504 Loans

• Available for new or used equipment purchases

• Lower down payments and long repayment terms

• Best for established businesses seeking low interest rates

🛒 4. Dealer or Manufacturer Financing

• Offered by brands like Toyota, Hyster, Yale, Crown, Mitsubishi, and others

• Often includes promotional rates (0% for 12–24 months)

• Faster approvals, especially for established customers

Pro Tip: Always compare dealer financing with independent lenders to ensure you're getting the best terms.

Sample Loan & Lease Payments

What You Need to Apply

To qualify for forklift financing or leasing, prepare:

• Business license or EIN

• Vendor quote or invoice

• Recent business bank statements or tax returns

• Personal and/or business credit history (typically 600+ credit score)

• Equipment use case or business plan (if a startup)

Related: Essential Tips for First-Time Equipment Leasing

Summary: 4 Best Forklift Financing Options (Snippet-Optimized ✅)

1. Equipment loans for ownership

2. Leasing for flexibility and lower upfront cost

3. SBA loans for long-term funding

4. Dealer financing for quick, brand-backed approvals

Final Thoughts: Lift Your Operations Without Lifting the Financial Burden

Forklifts and material handling systems are crucial to efficiency and safety. By choosing the right financing solution, you can get the equipment you need today while protecting your bottom line.

Take Action: Apply for Forklift Financing Today

Looking to expand your fleet or upgrade aging equipment?
Explore forklift loans and leasing plans now to keep your operations moving with reliable, affordable equipment.