Equipment finance
Equipment finance assessment usually turns on asset details, the quote/specification, and evidence that the repayments are supportable within the business context.
What to prepare
Equipment finance commonly requires a supplier quote with specifications, purchase price, and delivery details. Lenders may also verify trading evidence and the capacity to service repayments.
Providing a clear asset description up front reduces the risk of later rework when the lender is verifying what is being financed.
Frequently asked questions
What should be included in a quote?
Supplier details, asset specifications, purchase price, any deposits, and delivery timing. The more specific the asset description, the easier it is for an assessor to verify.
Is business performance reviewed?
Often, yes. Lenders may verify trading evidence and serviceability. The exact requirements depend on the credit provider and facility type.
Can you guarantee approval?
No. Credit decisions are made by lenders. We can improve the clarity of the file and help ensure the evidence matches the request.