Most financing delays are paperwork delays. Gather these items before you apply and a same-day decision is realistic.
Most delays in equipment financing are paperwork delays. Gather these items before you apply and your approval will move at the speed it should.
Before you apply
- Legal business name, entity type and federal tax ID
- Years in business and primary industry
- Owner name, ownership percentage and contact details
- Estimated annual revenue
About the machine
- Seller invoice or written quote with the purchase price
- Year, make, model and serial number
- Hour meter reading for used equipment
- Photos if you are buying from a private party
At funding
- Signed financing documents
- Certificate of insurance naming the lender as loss payee
- Delivery or acceptance confirmation once the machine arrives
Have all of this on hand and a same-day decision is realistic. Text or call us with the equipment you are chasing and we will tell you what is missing before it costs you the machine.