A checklist of business, credit, equipment and document items to prepare before you request lease quotes.
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This checklist covers what most U.S. equipment lessors look at before they approve and fund a deal. Tick every item you can honestly confirm today. There is no official score, since each lessor weighs items differently, but gaps tell you what to fix first. Fixing them before you apply helps avoid multiple hard credit inquiries and repeated requests for paperwork.
Items are grouped into business basics, credit, equipment, documents and the contract itself. Credit and time in business usually influence the rate and the maximum amount. The equipment and vendor items influence whether the deal can be funded at all. The contract items protect you after you sign.
How to read your result: if most boxes are ticked, you are ready to request two or three comparable quotes. If you are missing several in the credit or business sections, expect higher pricing or a smaller approval, and consider the steps in our guide on how to get a better deal. This checklist is educational and does not predict an approval decision.
Applying and Process
Compare the main types of equipment lessors, learn what to ask before applying, and use a due diligence checklist to choose a lessor you can trust.
Applying and Process
Follow the full process of leasing commercial equipment, from choosing the machine and getting quotes to credit review, documents, delivery and acceptance.
Applying and Process
Which documents and qualifications lessors typically require for small, mid-size and large equipment leases, plus tips for startups and used equipment.
Mistakes and FAQ
Clear answers on credit scores, taxes, insurance, early termination, used equipment, startups, sales tax, subleasing and other frequent commercial equipment leasing questions.
Mistakes and FAQ
Learn the warning signs of equipment leasing scams and predatory terms, including upfront fees, pressure tactics and bad contract clauses, and what to do about them.
Applying and Process
See realistic timeframes for each stage of an equipment lease, from quote to funding, what slows things down, and how to speed up your approval.
