Featured
Jan 15, 2025•8 min read
Equipment Financing 101: A Complete Guide for Dealers
Learn the fundamentals of equipment financing, including how it works, key terminology, and what lenders look for when evaluating applications.
Menu
Contact Us
(555) 123-4567
info@primedealerfinance.com
Equipment Financing Resources
Expert guides, tips, and insights to help equipment dealers navigate financing and close more deals.
Featured Guides
Featured
Jan 12, 2025•6 min read
How to Structure Equipment Deals for Maximum Approval Rates
Discover proven strategies for structuring equipment deals that increase your chances of financing approval and faster closings.
All Financing Guides
Financing Basics8 min read
Equipment Financing 101: A Complete Guide for Dealers
Learn the fundamentals of equipment financing, including how it works, key terminology, and what lenders look for when evaluating applications.
For Dealers6 min read
How to Structure Equipment Deals for Maximum Approval Rates
Discover proven strategies for structuring equipment deals that increase your chances of financing approval and faster closings.
Process & Documentation5 min read
The Complete Documentation Checklist for Equipment Financing
A comprehensive checklist of all documents typically required for equipment financing applications, organized by buyer type and deal size.
Financing Basics7 min read
Understanding Credit Profiles: What Lenders Really Look For
An in-depth look at how lenders evaluate buyer credit profiles and what factors matter most in equipment financing decisions.
For Dealers6 min read
Building a Financing-Friendly Sales Process
How to integrate financing conversations into your equipment sales process to close more deals and improve customer experience.
Tips & Strategies5 min read
7 Common Mistakes That Delay Equipment Financing Approvals
Avoid these common pitfalls that can slow down or derail equipment financing applications and learn how to prevent them.
Process & Documentation6 min read
Navigating Stipulations: How to Respond to Lender Requests
A practical guide to handling lender stipulations efficiently, including common requests and best practices for quick responses.
Tips & Strategies7 min read
Financing Used Equipment: Special Considerations and Tips
Everything you need to know about financing used commercial equipment, including age limits, condition requirements, and documentation.
For Dealers8 min read
When to Build an In-House Finance Department vs. Outsource
A detailed comparison to help equipment dealers decide between building internal financing capabilities or partnering with specialists.
Quick Financing Tips
Essential knowledge for equipment dealers
Complete Applications
Submit complete documentation upfront to avoid delays and back-and-forth requests.
Respond Quickly
Fast responses to stipulation requests keep deals moving toward approval.
Know Your Buyer
Understanding buyer credit profiles helps set realistic expectations early.
Price Accurately
Accurate equipment pricing aligned with market values improves approval odds.
Equipment Financing Glossary
Understanding financing terminology helps you communicate more effectively with lenders and buyers. Here are some key terms every equipment dealer should know.
Down Payment
The upfront cash payment made by the buyer, typically 10-20% of equipment value.
Stipulation (Stip)
Additional documentation or information requested by a lender before final approval.
UCC Filing
A legal form filed to establish a lender's security interest in the financed equipment.
More Key Terms
Balloon Payment
A larger final payment at the end of a loan term.
Personal Guarantee (PG)
Owner's personal commitment to repay if business defaults.
Fair Market Value (FMV)
The estimated price equipment would sell for in open market.
Time in Business (TIB)
How long the buyer's business has been operating.
Debt Service Coverage Ratio
Measures ability to cover debt payments with income.
Get Financing Insights Delivered
Subscribe to receive new guides, tips, and industry updates directly to your inbox.
No spam. Unsubscribe anytime.
Ready to Put This Knowledge to Work?
Partner with Prime Dealer Finance and start closing more equipment deals.