# Good Credit Equipment Financing (680 to 719)

Canonical URL: https://fundmyequipment.com/learn/credit-tier/good-credit/
Last modified: 2026-05-29T19:39:17+00:00
Type: efin_credit_tier

## Summary

Equipment financing for good credit profiles (FICO 680 to 719). Competitive rates, standard terms, most programs available.

## Content

Good credit (FICO 680-719) qualifies you for mainstream equipment financing at competitive rates. You have access to most lender programs, with rate ranges slightly above excellent-credit pricing but well below sub-prime.

What to expect

Typical APR9.9-13.9%
Typical term48-72 months
Down payment5-15%
Time to fund1-5 business days


Where you sit
Good-credit borrowers are the sweet spot for most prime equipment lenders. The difference between you and an excellent-credit borrower is 3-4 points of APR; over a 60-month $100,000 loan, that adds ~$8,000 of total interest. Moving from good to excellent over time (paying down revolving balances, building tradelines) can pay back significantly on your next financing.

Where you can negotiate

Get 2-3 soft-pull pre-qualifications. Lenders vary by 1-3 points within the good-credit tier.
For larger transactions ($250K+), brokers can sometimes pull captive promotional offers.
If you have strong revenue (10x+ monthly payment), some lenders will price you near excellent-credit tier.


Improving to excellent

Pay down credit card balances to under 30% utilization (under 10% for top FICO)
Pay every bill on time, every month, for at least 6 months
Avoid new hard inquiries in the 60 days before financing
Keep old accounts open (length of credit history matters)
Mix of credit (revolving + installment) helps


Apply at /apply/ for soft-pull pre-qualification.