Documentation

This should outline your company's current operations, growth strategies, market analysis, and how the new equipment will support these plans.

Include balance sheets, profit and loss statements, and cash flow statements from at least the last two years.

Most lenders will require up to three years of both business and personal tax returns.

A current credit report can provide lenders with a clear picture of your financial history.

Generally, you'll need to provide bank statements from the last six months to a year.

If your business is a corporation or LLC, these documents will be required.

If you have co-owners or partners, lenders might want to see proof of your shareholding

Provide quotes or invoices from the equipment vendors to show the cost of the equipment you plan to finance.

Provide quotes or invoices from the equipment vendors to show the cost of the equipment you plan to finance.

If you're considering a secured loan, you'll need to provide details of the assets you plan to use as collateral.

This includes any current loans, leases, or other obligations your business may have.

Some lenders may want to see the qualifications and experience of your company's key players.