Frequently Asked Questions
General Questions
We can assist with financing for a wide variety of equipment both NEW & USED, including:
- Construction equipment
- Commercial trucks and trailers - including class 8 sleeper trucks
- Manufacturing machinery
- Medical/ Veterinary equipment
- Agricultural equipment
- Landscaping equipment
- Warehouse and material handling equipment
- Technology and office equipment
- Skilled Trades - Tools & machinery
- Automotive Repair Shops - lifts, tools ect.
- Restaurant - kitchen equipment, booths, tables ect
If your business uses it to operate or generate revenue, there’s a strong chance it can be financed.
Financing programs typically range from:
$5,000 to $500,000,000
Transaction size varies based on the equipment type and borrower profile.
Yes, we provide financing solutions for businesses located anywhere in the United States
No, all finance products are for businesses only and for business use. Sole proprietors/ DBAs are accepted
Yes, we offer pre-qualifications that are quick and have zero impact on your credit. CLICK HERE TO GET PREQUALIFIED
Private party transactions are accepted but are limited to the collateral type, time in business, and credit profile. Please contact us today to discuss your purchase.
Yes. Application information is handled professionally and securely as part of standard commercial financing procedures. Any personal identifying information is encrypted upon submission. We do not sell your information.
Loans (Equipment Finance Agreements), Leases, SBA Loans, Working Capital
No, not at this time
Yes, absolutely.
Credit
Yes, your personal credit often plays a role when applying for a business loan, especially if your business is newer or hasn’t yet built a strong credit history of its own. Lenders may review the owner’s credit to help evaluate overall repayment reliability. As your business grows and establishes its own financial track record, approvals can rely more on business revenue, time in business, and equipment value rather than personal credit alone. Even if your credit isn’t perfect, financing options may still be available depending on the overall strength of the application.
Yes, even with prior repossessions, bankruptcies, and late pays there are options. The required upfront funds or down payment will be higher. The typical down payment range is 25 to 40%.
Lenders evaluate several key factors when reviewing a commercial loan or lease aplication, starting with character, which reflects how a borrower has handled past credit obligations. Credit reports provide insight into payment history, credit score, and experience with similar debts such as prior commercial loans, installment loans, or mortgages. Strong payment history typically leads to better approval chances and lower interest rates. Once character is established, lenders review capacity, or the borrower’s ability to afford the payment, often measured through debt-to-income ratio using documents like bank statements, tax returns, and pay stubs. They also consider capital, meaning how much money the borrower can contribute as a down payment, since larger upfront investments reduce lender risk and can lower monthly payments.
Another important factor is collateral. The equipment’s value, age, and mileage (if applicable) influence the loan amount, required down payment, and repayment term. Older or higher-mileage title equipment may carry more risk. Finally, lenders review overall conditions, which include how the equipment will be used, the nature of the borrower’s business, and broader economic factors that may affect repayment. Together, these elements help determine whether financing is approved and shape the structure of the loan or lease.
There are several things that can be done to help give your credit score a boost.
1) Review your credit reports for any errors or unknown collection items. - dispute errors & unknown items if needed - This can take 30 days or more to reflect on your credit report.
2) Pay down revolving lines of credit/ credit cards. - Revolving availability has a big impact on your score. The lower the balances the better.
a.) Try to keep credit cards as far away from the credit limit as possible.
3) Payoff any collection items - even small ones can make a difference.
a.) many times if the collection item is older or with a collection agency, they will allow you to settle on the debt for pennies on the dollar
4) Make every payment on time. - avoid paying any reported tradeline over 30 days late
5) Avoid opening any new accounts - applying for new credit or obtaining new loans within 6 months of requesting business financing can temporarily lower your score.
6) Keep Older Accounts Open - closing long standing accounts may lower your score .
***Remember: Perfect credit isn't required ***
In most cases, only soft inquiries are made on your personal credit. This has no impact on your score. There are a few programs that do require a hard credit pull. If you are sensitive to this, please inquire upon submitting your application.
Application Process
Generally speaking, we will need a completed credit application and last three months business bank statements. Depending on the situation and loan amount we may need, tax returns & financials.
Generally speaking, 24 hours; however, in many cases, we can have a credit response or approval the same day. For higher dollar loans it can take 48-72 business hours.