Maryland is rebuilding the Francis Scott Key Bridge, moving more automobiles and roll-on machinery through the Port of Baltimore than any port in the country, and turning Sparrows Point into one of the largest logistics campuses on the East Coast. It also has one of the tightest state Section 179 caps anywhere, which changes how an equipment purchase looks on the state return.
We place Maryland files with lenders that fund in the state every week, from a Baltimore site-work contractor to a Frederick County farm to a Dundalk drayage carrier. Options in 24 to 48 hours on a soft inquiry.
Who we finance in Maryland
What is driving equipment demand in Maryland
- The multi-year Francis Scott Key Bridge replacement in Baltimore.
- Tradepoint Atlantic at Sparrows Point continues to add logistics and port capacity.
- The Port of Baltimore handles about 50 million tons a year and leads the country in autos and roll-on machinery.
We work with businesses across Maryland, including Baltimore, Columbia, Rockville and Silver Spring, Frederick, and Annapolis, and the rural counties in between.
Sales tax and income tax on equipment in Maryland
Tax rules change and depend on your facts. Confirm with your accountant before relying on any of this.
Trucks, trailers, and titling in Maryland
- Apportioned registration for interstate carriers through the MDOT MVA. Vehicles over 10,000 pounds need an annual inspection.
- Off-road equipment is not titled.
Where Maryland buyers find equipment
We finance equipment from any dealer, auction, or private seller. Dealers and auctions our Maryland customers use include Carter Machinery (Caterpillar, formerly Alban CAT), Ritchie Bros. North East. Get pre-approved before you go so the seller sees a buyer who can close.
Equipment we finance
Excavators · Dozers and loaders · Skid steers · Semi trucks · Trailers · Farm equipment · Cranes and lifts
About financing in Maryland
Equipment financing in Maryland is arranged through Land Tech Capital's network of third-party lenders and lessors. Land Tech Capital is a New York based commercial finance broker, not a lender, and does not hold a Maryland license. Your financing agreement will be with the lender or lessor, who provides any disclosures Maryland law requires. No fee is charged to you before funding, and we are paid by the lender when a deal closes.
Questions we get
Why is Section 179 so different on my Maryland return?
Maryland keeps a $25,000 state cap with a phase-out above $200,000 of purchases, and disallows bonus depreciation. You take the full federal deduction and depreciate the rest normally for Maryland. Manufacturers currently get an exception.
Do you finance drayage tractors for the Port of Baltimore?
Yes. Port drayage and car hauling are common Maryland files, new and used, based on time in business and credit.
Is there sales tax on a financed truck in Maryland?
Titled vehicles pay a 6.5 percent excise tax at titling instead of the 6 percent sales tax. Off-road equipment pays the sales tax.
