Commercial Equipment Financing, Matched to Your Deal

You run the business. We find the lender.

One application. We match your deal to the lender that fits it best. Your credit doesn’t get sent around to a dozen banks, and you work with that lender directly for free. Free to borrowers. Soft credit pull. One lender at a time.

Example ranking for an illustrative 2021 Cat 320 excavator file ($186,000, New Hampshire, credit 680–719, 5+ years in business, dealer sale): 1. Regional specialty lender, fit score 91, introduced first: Serves NH, Yellow iron accepted, Deal size in range. 2. Multi-state community bank, fit score 74; ranks lower: Yellow iron is not a core asset. 3. National equipment finance company, fit score 62; ranks lower: Prefers credit above 720. Illustrative file and lender types, not a live borrower or a named institution.

How it works: broker know-how, without the broker’s fee

Every equipment loan follows the same path. We do the lender shopping, so you are not the one calling around.

1. 1. Application submitted
2. 2. Human review
3. 3. Matched to a lender
4. 4. One-on-one with your lender to funding

If that lender says no, we can try the next‑best fit, or you can stop there. Your call.

Every lender has its own rules. You just can’t see them

Not every lender funds your equipment.

Construction, trucks, medical, and farm equipment each have their own lenders. Strong credit means nothing to a lender that doesn’t finance your kind of equipment.

Geography is often the hard stop.

Many equipment lenders are regional or licensed state by state. Outside their footprint, the answer is no.

Size vs. paperwork.

Every lender has a smallest and a largest deal it will do, and its own list of paperwork. Miss either one and the answer is often no.

How a match looks: read a fit, line by line

Three illustrative files, drawn from real deal experience, each checked against what one lender says it will finance.

2021 Cat 320 excavator in New Hampshire (example)

$186,000 · Construction. Best fit: Regional specialty lender, fit score 91. Illustrative file and lender types, not a live borrower or a named institution.

• Geography. The file: New Hampshire. What the lender takes: Serves NH.
• Equipment. The file: 2021 excavator. What the lender takes: Yellow iron accepted.
• Deal size. The file: $186,000. What the lender takes: Inside its range.
• Credit. The file: 680–719. What the lender takes: Below its top tier (a partial fit).
• Time in business. The file: 5+ years. What the lender takes: Meets its minimum.
• Seller. The file: Dealer sale. What the lender takes: Dealer sales accepted.

Construction equipment financing

2018 Peterbilt 567 dump truck in Texas (example)

$142,000 · Dump trucks. Best fit: Vocational truck specialist, fit score 88. Illustrative file and lender types, not a live borrower or a named institution.

• Geography. The file: Texas. What the lender takes: Texas coverage.
• Equipment. The file: 2018 dump truck. What the lender takes: Near its age limit (a partial fit).
• Deal size. The file: $142,000. What the lender takes: Inside its range.
• Credit. The file: 640–679. What the lender takes: Inside its credit range.
• Time in business. The file: 2–4 years. What the lender takes: Meets its minimum.
• Seller. The file: Dealer sale. What the lender takes: Dealer sales accepted.

Dump truck financing

2022 John Deere 8R tractor in Iowa (example)

$285,000 · Agriculture. Best fit: Agricultural credit union, fit score 86. Illustrative file and lender types, not a live borrower or a named institution.

• Geography. The file: Iowa. What the lender takes: Lends in Iowa.
• Equipment. The file: 2022 row-crop tractor. What the lender takes: Farm equipment is core.
• Deal size. The file: $285,000. What the lender takes: Above its sweet spot (a partial fit).
• Credit. The file: 720+. What the lender takes: In its top tier.
• Time in business. The file: 5+ years. What the lender takes: Meets its minimum.
• Seller. The file: Dealer sale. What the lender takes: Dealer sales accepted.

Agricultural equipment financing

From yellow iron to exam rooms

Pick your equipment to see how lenders look at it.

1. Commercial trucks — Class 8, OTR sleepers, day cabs, and owner-operator units
2. Dump trucks — Single axle, tandem axle, transfer dumps, and roll-offs
3. Construction equipment — Excavators, bulldozers, cranes, compactors, and earthmoving equipment
4. Trailers — Dry van, reefer, flatbed, lowboy, and specialty trailers
5. Agriculture equipment — Tractors, combines, planters, sprayers, and farm implements
6. Medical equipment — Diagnostic imaging, surgical, dental, and medical office equipment
7. Restaurant equipment — Commercial kitchens, refrigeration, cooking lines, and food service equipment
8. Manufacturing equipment — CNC machines, metalworking, fabrication, and production equipment
9. Vocational trucks — Bucket trucks, concrete mixers, vacuum trucks, and specialty vehicles
10. Technology equipment — Servers, network infrastructure, AV systems, and business technology

By state: Dump trucks in Texas · Commercial trucks in California · Agriculture equipment in Iowa · Construction equipment in Florida

All equipment types · Guides and articles

How it compares: count the hands your file passes through

Three ways to finance the same machine. Pick one and follow the file.

Through EFN

Only lenders that fit ever see it. Credit check: Soft credit pull. Who sees your file: One matched lender. Choosing the lender: Picked for deals like yours. How it is sent: Straight to that lender, never in bulk. Fit feedback: Shown before the file moves. Cost to you: Free.

Calling lenders yourself

Every call starts from scratch. Credit check: Hard pull common. Who sees your file: Every lender you contact. Choosing the lender: You research and guess. How it is sent: A new application each time. Fit feedback: Only after a decline. Cost to you: Free.

Through a broker

One hand-off, then the broker decides where it goes. Credit check: Varies by broker. Who sees your file: Often distributed broadly. Choosing the lender: Limited to the broker's network. How it is sent: Often submitted in bulk. Fit feedback: Rarely provided. Cost to you: A finder fee is often billed to you.

Brokers vary; this describes common practice, not any particular firm.

When the bank says no: built for the deals banks pass on

Older equipment.

Some lenders won’t touch a high-mileage truck or a machine with hours on it. Others are built for them. We look for one of those.

Newer businesses.

Each lender tells us whether it works with startups. If you’re just getting going, your deal goes only to one that does.

Rebuilding credit.

Some lenders look past the score, at the equipment, your down payment, and how long you’ve been in business.

Bigger deals.

Your bank may top out below what you need. Each lender tells us its deal-size range, and yours goes to one whose range covers it.

Private sales.

Many lenders finance dealer sales only. The ones that take private-party and auction buys say so, and those deals go to them.

One bank’s no isn’t the final word. See where your deal fits.

Guides: read up before you apply

Plain-English guides to how lenders look at trucks, car haulers, construction equipment, newer businesses, and lower credit scores.

• Car haulers: Car Hauler Financing: What Lenders Look at on the Truck and the Trailer (8 min read)
• How matching works: Is There a Marketplace That Matches Equipment Borrowers With Lenders? (5 min read)
• Credit under 620: Equipment Financing With Bad Credit: What Lenders Look For When Your Score Is Under 620 (8 min read)
• Turned down by the bank: The Bank Declined Your Equipment Loan. Here Is What to Do Next (7 min read)
• Used semi, bank said no: My Bank Said No on a Used Semi Truck. Where Can I Get Financing? (6 min read)
• Class 8 trucks: Class 8 Truck Financing: What Lenders Look At and Why (10 min read)
• Semi trucks, challenged credit: Semi Truck Financing With Bad Credit: Truck Age, Mileage and Down Payment (8 min read)
• Startups: Can You Finance Equipment With No Time in Business? (6 min read)
• New businesses, bigger machines: Financing a $100k+ Truck or Excavator When Your Business Is New (8 min read)
• Construction, challenged credit: Construction Equipment Financing With Challenged Credit: Excavators, Dozers, Loaders and Dump Trucks (8 min read)

All guides

For lenders: define exactly what you want to fund, receive only what fits

Community banks, credit unions, and specialty lenders: you set the box, and EFN checks every file against it.

• 24 hours to claim it. Each file comes to you alone. Claimed, it's yours until you pass.
• See the file before you claim it. Asset, amount, state, credit range, time in business, and the fit score up front. The borrower's name and contact unlock when you claim it.
• Free until it funds. Join at no cost. You pay a referral fee only on funded deals.

Your appetite profile. Update it any time.

• Geography
• Equipment
• Credit box
• Startups
• Deal size
• Documentation
• Seller type
• Asset rules
• Personal guarantee
• Industries

Only what fits.

Join the lender network · See a sample routed deal · Participation agreement and fees

More for lenders: Equipment finance deal flow, matched to your credit box · How an equipment financing referral reaches your desk · For second-look equipment lenders: the files the bank passed on · Looking for equipment finance brokers? A referral network for lenders instead

Straight answers

Is EFN a lender?
No. EFN finds the lender for your deal: a bank, credit union, or equipment finance company. You work with that lender directly, and the lender makes every credit decision.

Does this trigger a hard credit pull?
No. EFN runs a soft credit pull only, which does not affect your credit score.

Will my information get sent to a bunch of lenders?
No. Your credit isn’t shopped around to a dozen banks. A person picks the one lender that fits your deal best and sends it there. If that lender says no, we can try the next one, and you decide.

What equipment types do you work with?
Class 8 trucks and sleepers, day cabs, dump trucks, dry van and reefer trailers, flatbeds, excavators, cranes, bulldozers, agricultural tractors, combines, forklifts, CNC and machine tools, medical, dental, restaurant, automotive repair, lawn and turf, logging, and more. Describe your equipment if it doesn't fit a standard category.

What if my credit is below 620?
It does not rule you out on its own. We work with lenders who consider scores below 620 — they often require a larger down payment.

Read the full FAQ.

Put your deal in front of the lender built for it

About five minutes, start to finish. Free, and you can walk away anytime. Find equipment funding or join the lender network.

What EFN is

Equipment Funding Network is a match and routing service, not a lender. EFN does not make credit decisions and does not set your financing terms — the lender does. Using EFN costs you nothing, and your information is never sold to third parties. Submitting a profile does not guarantee approval, financing terms, or lender acceptance. Final approval, terms, rates, and documentation requirements are determined by the lender.