The 3 Documents That Close 90% of Equipment Finance Deals
Most brokers overcomplicate this. Here's what lenders actually need...
Today I’m breaking down the exact documentation that gets equipment finance deals approved.
After analyzing 500+ successful applications, I found that 90% were approved with just these 3 documents:
📄 Document #1: Equipment Credit Application
_ The process for equipment financing starts with the customer’s completed application.
📄 Document #2: Equipment Quote
- Must include make, model, and serial number
- Should show itemized pricing
- Needs to be dated within 30 days
📄 Document #3: Business Bank Statements (3 months)
- Shows cash flow and management
- Lenders scan for NSF fees (red flag)
- Average daily balance matters more than ending balance
BONUS TIP: Create a “deal folder” template with these 3 docs pre-labeled. When you get a new client, just fill in the blanks. Saves hours.
Learn how to become a successful leasing broker here: www.equipmentfinanceacademy.com
Your equipment finance coach,
Sam Clark
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