How a deal moves through us
From the three-minute application to wired funds. Here is how we evaluate, what we look at, what closes fast, and what to expect at each step.
Application
Three minutes, six fields, soft-pull credit check with no FICO impact. We ask for the equipment you want, your business name, time in business, a credit estimate, and contact info. That is enough to approve a real offer on most deals under $250,000.
We do not ask for your SSN, bank account numbers, or tax returns at this stage. The soft-pull confirms credit-tier eligibility; nothing about it shows up on a hard inquiry report.
Application review
Five factors drive most of the variance in what gets approved and at what rate: credit profile (FICO plus business credit), time in business, revenue, the equipment itself, and the structure you choose. We weigh them against our program grid, five tiers from standard prime down to credit-recovery specialty, and your application lands in the tier that fits.
Where buyers consistently leave money on the table: mismatched term length (a 60-month term on equipment with a 12-year useful life prices worse than the same term on a 6-year-life unit), wrong structure for the tax position (operating lease when Section 179 is the goal), and underused down-payment elasticity (50 to 150 basis points of rate are available for skin in the game on most programs).
The same team that approves your deal funds it and services it. One application, one decision, one point of accountability.
Decision
Standard turnaround on app-only programs (under $250K, established credit, common equipment classes) is 24 to 72 hours from application to offer. Full-financials programs run 3 to 7 business days. Larger transactions or specialty profiles can extend to 5 to 10 business days when additional documentation review is needed.
An offer includes rate, term, monthly payment, down payment, and structure. A decline includes the reason and what would change the answer: more down payment, a different structure, additional time in business before reapplying, or co-signer support on the personal guarantee.
Funding
When you accept the offer, the formal application step adds a hard credit pull (with your consent) and the documentation package: bank statements, equipment quote, basic business documents. We verify equipment delivery, you sign documents electronically, and we wire funds directly to the seller. Typical timeline from signed docs to wired funds is one to three business days.
On titled equipment (trucks, trailers, certain heavy assets), add one to four weeks for title work depending on the state. We handle the title transfer and UCC filing alongside the funding wire.
Through the loan
Servicing stays with us. The same team that approves your deal handles payments, statements, escrow questions, and any mid-term adjustments. If cash flow tightens, contact us before missing a payment, we work with borrowers through extensions, deferrals, and restructure options.
At payoff we send a full payoff statement on request and terminate the UCC filing within the state-defined window. Repeat applications for additional equipment access relationship pricing and a shorter documentation path.