Vehicles & machinery
Business vehicles, transportation equipment, construction machinery, manufacturing and industrial assets.
United States · Equipment financing
Finance the equipment your business needs.
New or used equipment, with a financing review built around the purchase, your business credit and your commercial borrowing history.
U.S. program guidance. Amounts shown in USD. For Canadian requests, see the Canadian equipment financing guide.
Application-only options
Start with the business profile.
These preliminary guidelines help frame an initial review. The maximum amount is a program limit, not an approved offer. FICO alone does not determine the tier, pricing or outcome.
- Application-only maximum
- USD 350,000
- Term options
- 24–72 months
- Equipment
- New or used
Swipe or scroll the table to compare all four tiers. Row labels stay visible as you move across.
| Screening item | Tier 1 | Tier 2 | Tier 3 | Tier 4 |
|---|---|---|---|---|
| Application-only limit (USD) | $350,000 | $200,000 | $100,000 | $50,000 |
| Time in business | 4+ years | 3+ years | 2+ years | Under 2 years |
| FICO guideline | 685+ | 665+ | 625+ | 670+ |
| Homeownership | Preferred | Suggested | Not specified | Not specified |
| Commercial debt with 1 year of payments | Required | Suggested | Not specified | Not specified |
“Not specified” is not a waiver of underwriting requirements. Term options depend on the asset and approval; they are not a payment quote for any tier. Homeownership preferences do not establish the final collateral or guarantee requirements.
What application-only means: a simplified initial process for qualifying requests. Credit review, equipment review and any additional information requested by the lender still apply. Larger or more complex purchases can be discussed separately.
The purchase
Match the financing to the equipment.
Specialized equipment
Healthcare, technology, agricultural and other business-use equipment, subject to asset eligibility.
New or used
Provide the description, price and condition. For used assets, include the model year and available specifications.
Consider the asset’s useful life, maintenance costs and expected contribution to revenue alongside the financing payment. Preserve enough operating cash for delivery, installation and day-to-day expenses.
Prepare the request
The right details make the first review more useful.
Start with the information below. An estimated credit score is enough for the initial conversation; the financing provider confirms its formal credit-review requirements separately.
Equipment & supplier
- Vendor quote, or a description and expected purchase price.
- New or used condition, plus model year if used.
- Available specifications and desired delivery timing.
- The amount to finance and any planned upfront contribution.
Business & experience
- Business name, U.S. location, industry and years operating.
- Whether you previously owned a similar business in the same industry.
- How the equipment will support the business.
Credit & borrowing history
- Optional estimated personal FICO range.
- Commercial borrowing and payment history.
- Comparable equipment financing under the business.
- Homeownership where relevant to the screening profile.
Next steps
- Introduce the request through Nicolas’s application or inquiry form.
- Confirm program fit and the structure to review.
- Provide supporting documents through the follow-up process once requested.
This is an initial preparation guide. Required financial statements, bank records, credit authorization and other documents depend on the transaction.
Pricing & structure
Compare the complete quote.
Pricing depends primarily on business credit, with personal credit, operating history, equipment and structure also considered. Strong commercial credit can support more competitive terms; the published screening limits do not promise a rate.
Amount & cash at closing
Ask for the currency, equipment price and total financed amount. Separate the down payment, fees and advance payments. Show whether taxes, delivery and installation are financed or paid upfront.
Every scheduled payment
Ask for the payment amount, frequency, exact number of payments and first due date. Confirm whether advance payments replace later installments or are additional cash due at closing.
Final payment & ownership
Confirm whether this is a finance agreement or lease, who owns the equipment, and any residual, balloon or lease-end buyout. A low monthly payment can leave a separate final obligation.
Compare the full cost
Request total scheduled repayment, all charges, the cash due before funding and any disclosed APR with its assumptions. A payment factor alone does not establish the repayment term or an APR.
Check the exit and obligations
Ask how an early payoff is calculated and whether charges remain due. Confirm liens, any personal guarantee, insurance requirements and the conditions for transferring or selling the equipment.
Need a payment estimate? Start with a complete written schedule. The screening tiers above do not specify a payment schedule, so they cannot provide a reliable monthly payment or total cost for your purchase.
This opens an editable inquiry with the quote questions already included. Add your purchase details and review it before sending. Supporting documents can follow through the agreed review process.
If the request includes broader working capital beyond the equipment purchase, compare the separate U.S. business term-loan options before choosing a structure.
Common equipment financing questions
What does application-only financing mean?
It describes a simplified initial application process for qualifying requests. It does not mean guaranteed approval, no credit review, or that no additional information will be needed. The approved amount and documentation depend on the complete business and equipment profile.
Is my FICO score enough to determine the rate?
No. Business credit and commercial payment history are primary pricing considerations. Personal credit, time in business, comparable equipment borrowing, the asset and the financing structure are also reviewed. A strong personal FICO alone does not establish eligibility for the best pricing.
Can a business under two years old be considered?
Yes. The preliminary newer-business profile considers application-only requests up to USD 50,000 with a FICO guideline of 670 or higher. Prior ownership of a similar business and relevant industry experience can help explain the request. This is a screening profile, not a commitment to approve.
Can I finance used equipment?
New and used equipment can be reviewed. For used equipment, provide the model year, condition, specifications and vendor quote. Asset eligibility and repayment terms depend on the equipment and underwriting.
What repayment term can I request?
Application-only equipment options may offer terms from 24 to 72 months, depending on the asset and credit approval. The written offer must confirm your actual term, payment frequency, fees, and any advance payments or end-of-term buyout. These term options do not establish a particular rate or monthly payment.
Are a down payment, collateral or personal guarantee required?
Those requirements are determined for the transaction and must be confirmed in the written offer. Do not assume that application-only financing means no down payment, no business security or no personal guarantee.
What should I prepare for an initial review?
Start with an equipment quote or description and cost, the business location and years operating, an optional estimated FICO range, and a summary of comparable commercial borrowing. Include whether the equipment is new or used and the model year if used. Further documents are confirmed after the initial discussion.
Do these credit guidelines apply to Canadian businesses?
This page presents U.S. program guidance, with dollar amounts shown in USD. Canadian equipment requests follow a separate review; the same limits, credit criteria and terms should not be assumed to apply.
Next step
Start with the equipment, budget and business history.
I’ll review the request, explain the relevant financing options and confirm what is needed for the next step.
Program information reviewed October 22, 2026 by Nicolas Lescalier. U.S. program guidance; amounts shown in USD and confirmed in the written quote. All financing is subject to underwriting, asset eligibility and approval.