Purpose
The stated need is to buy or refinance business equipment.
Equipment financing
Finance the equipment that moves the business.
A good equipment file starts with a real purchase, a credible seller, and a payment the business can support. Qualified Commercial reviews all three together instead of treating the quote as the whole story.
Final amount, term, pricing, down payment, and structure depend on the equipment, seller, business cash flow, credit, documentation, and lender approval.
$25,000 to $2 millionPublished financing range
24 to 84 monthsAvailable term range
Main Street + dealersBusiness types served
What makes an equipment request worth reviewing.
These are preliminary matching points, not an automatic approval. When a fact is missing, the file should ask for it and show More information needed rather than reject the request.
Operating history
The business has at least one year of operating history.
Revenue
Annual revenue is at least $100,000.
Credit
Estimated personal credit is 640 or higher.
Cash flow
Current operations show positive cash flow before the proposed payment.
Request size
The requested amount falls within the $25,000 to $2 million range.
If one of these facts is unknown, we ask for the missing information. A blank field is not a zero and it is not a decline.
Start with the asset, not a generic product label.
The equipment has to be identifiable, used for the business, and appropriate for the proposed term. Common requests include:
Production and shop equipment
Machinery, fabrication tools, lifts, compressors, and systems used to make or service a product.
Construction and material handling
Excavators, loaders, forklifts, compact equipment, and other jobsite assets.
Commercial vehicles
Titled vehicles used in the business. Fleet and transportation requests may be routed to a more specialized program.
Restaurant and retail equipment
Kitchen systems, refrigeration, point-of-sale hardware, fixtures, and essential operating equipment.
Medical and professional equipment
Practice equipment, imaging or diagnostic systems, and specialized office assets.
Technology and automation
Production technology, servers, automation systems, and other durable business-use hardware.
The quote tells us the price. These facts tell us whether the structure makes sense.
| What we collect | Why it matters |
|---|---|
| Vendor quote or purchase invoice | Confirms the asset, price, seller, delivery terms, and what is included. |
| Description and serial or model details | Lets underwriting identify and value the actual equipment rather than a broad category. |
| Age and condition | Used equipment can be considered, but age and condition affect useful life, collateral value, and term. |
| Expected useful life | The financing should not outlast an asset that will need replacement first. |
| Seller details | The seller and payment instructions must be verified before closing. |
| Delivery timing | A realistic delivery date keeps approval, insurance, and funding instructions aligned. |
| Intended business use | Underwriting needs to understand how the equipment supports revenue, capacity, or operating efficiency. |
The right structure depends on how long you expect to keep the equipment.
New equipment
A new asset usually has clearer value support, warranty coverage, and a longer remaining useful life. Underwriting still tests the payment against the business.
Used equipment
Used assets can work when the seller, condition, valuation, and remaining useful life are documented. Older equipment may support a shorter term or require more equity.
Equipment loan
A loan is often the cleaner fit when the business expects to own the asset for most of its useful life. The lender generally takes a lien on the equipment.
Lease structure
A lease can make sense when replacement cycles, end-of-term options, or accounting treatment matter. Compare total obligations and buyout terms, not only the monthly payment.
A complete first package keeps the review focused.
- Vendor quote or invoice with seller contact information
- Equipment description, model, age, condition, and useful-life estimate
- Business tax returns for the most recent two years
- Business bank statements for the most recent six months
- Current year-to-date profit and loss statement and balance sheet
- Business debt schedule, if applicable
- Owner personal financial statement
- Short explanation of how the equipment will be used and when it is needed
What happens to the file.
- 01
Identify the purchase
You enter the amount, business use, and quote details. The program and equipment purpose stay attached to the file.
- 02
Complete the first review
The system checks the published range and asks for any missing business, credit, cash-flow, or equipment facts.
- 03
Review the evidence
The underwriting team reviews statements and financials, then ties the proposed payment back to the business's actual performance.
- 04
Confirm the structure
If the request fits, final terms, insurance, lien requirements, seller verification, and funding instructions are confirmed before closing.
A few points that are easier to settle before you apply.
Can used equipment be financed?
Yes, used equipment can be considered. Underwriting will review age, condition, seller, value, and remaining useful life before setting a term.
Is a 640 credit score an automatic approval?
No. It is part of the preliminary matching baseline. Cash flow, existing debt, the equipment, the seller, and the complete credit profile still matter.
What if I do not have the final quote yet?
You can begin the file, but the quote or invoice is needed to confirm the asset, seller, purchase price, and final structure.
Can a request outside the published range be reviewed?
Yes. A request outside the published range of $25,000 to $2 million will be routed for a custom review or to another suitable program instead of being presented as eligible.
Does the equipment secure the financing?
Often it does. The exact lien position and any additional support are set by the final lender and structure.
How quickly will the transaction close?
Timing depends on a complete file, equipment and seller verification, insurance, final approval, and closing conditions. We do not promise a same-day close.
Have the quote ready? Start with the actual purchase.
The application opens with Equipment Financing and the equipment funding purpose attached, so the review starts in the right place.