How to Package an Equipment Finance Deal for Submission | Broker-in-a-Box
Learn how to assemble, organize, and submit a complete equipment finance deal package that gets reviewed faster, approved faster, and funded faster.
Frequently asked questions
What documents do I need to submit an equipment finance deal?
At minimum: a completed equipment finance application, 3 months of business bank statements, 2-3 years of business tax returns, and an equipment quote with specs. Depending on the lender and deal size, you may also need a personal financial statement, voided check, and a debt schedule.
Should I send my deal to multiple lenders at once?
No. Shotgunning a deal to 10 lenders is one of the fastest ways to damage your reputation and the borrower\'s credit. Pick 1 to 3 lenders that genuinely fit the deal profile based on credit tier, equipment type, deal size, and geography.
What is a deal summary and why does it matter?
A deal summary is a one-page cover sheet that tells the lender who the borrower is, what equipment they need, how much they need, how long they have been in business, and why the deal makes sense. It is your pitch. Lenders review dozens of deals a day -- the summary is what gets yours read first.
How soon should I follow up after submitting a deal?
Within 48 hours. If you have not heard back, call or email the lender rep. Deals that sit without follow-up get pushed to the bottom of the pile. Be responsive, be available, and have additional documents ready if the lender asks.