Florida Equipment Financing
Calculate equipment loan and lease payments for your Florida business. Compare financing options and maximize tax benefits.
Florida Business Overview
Key economic indicators for equipment financing decisions
Population
22.0M
State Tax Rate
0%
Business Climate
No state income tax, tourism-driven, rapidly growing population
Top Industries in Florida
Major sectors driving equipment financing demand
Most Financed Equipment in Florida
Equipment types commonly purchased by Florida businesses
Understanding Florida's Tax Advantage
How Florida's 0% state income tax affects equipment financing
When you purchase equipment, you can claim tax deductions at two levels: federal and state. Here's how it works in Florida:
Federal Tax Savings (All States)
- ✓Section 179: Deduct up to $1,250,000
- ✓Federal corporate rate: ~21%
- ✓Example: $100K equipment = ~$21K federal savings
Florida State Tax Savings
While you won't get additional state deductions, Florida businesses keep more cash flow year-round with zero state income tax burden.
$100K equipment = $21K total tax savings (federal only)
Calculate your exact savings: Use our Section 179 calculator to see the federal and state tax benefits for your specific equipment purchase.
Equipment Financing Options in Florida
Compare different financing methods for your business
Equipment Loans
Traditional financing where you own the equipment from day one. Ideal for Florida businesses looking to build assets and claim Section 179 deductions.
Equipment Financing FAQs for Florida
Common questions about equipment financing in Florida
What equipment financing options are available in Florida?
Florida businesses can access equipment loans, equipment leases, sale-leasebacks, and lines of credit. Many Florida lenders also offer SBA 504 loans for larger equipment purchases.
What are the typical interest rates for equipment loans in Florida?
Equipment loan rates in Florida typically range from 5% to 30% depending on credit score, equipment type, and loan term. Well-qualified Florida businesses can secure rates as low as 5-8%.
Can Florida businesses claim Section 179 tax deductions?
Yes! Florida businesses can deduct up to $1,250,000 in equipment purchases under Section 179 for tax year 2025. This federal tax benefit is available to all U.S. businesses, including those in Florida.
How does Florida's 0% state tax rate affect equipment financing?
Florida's 0% state tax rate means no state income tax, allowing businesses to retain more capital for equipment investments. Use our calculators to see the total tax impact.
What types of equipment are most commonly financed in Florida?
In Florida, the most commonly financed equipment includes Restaurant Equipment, HVAC Equipment, Medical Equipment, Hospitality Equipment. These align with Florida's top industries: Tourism, Healthcare, Real Estate, Agriculture.
How long does it take to get approved for equipment financing in Florida?
Florida businesses can typically get approved for equipment financing in 24-48 hours with online lenders, or 1-2 weeks with traditional banks. Pre-qualification is often instant.