Second-look equipment and truck deals, for the lenders who fund them

Some lenders are built for the files a bank turns away: below-prime credit, a business in its first years, a high-mileage truck, a seller who is not a dealer. EFN routes those deals to the lender whose profile says it wants them, one lender at a time.

Who this is for

Specialty finance companies, banks and credit unions with a second-look or below-prime equipment program, and truck lenders that take older units, owner-operators and private sales. If your box is wider than the bank down the street, your profile is how the files it turns away find you.

EFN works exclusively with direct lenders: banks, credit unions, specialty finance companies, and equipment finance groups that fund deals from their own balance sheet or credit facility. We do not work with brokers, loan packagers, or intermediaries.

What you'll get

Many of the business owners who apply to EFN come after a dealer or a bank said no. EFN's borrower pages tell them plainly that one bank's no is often one bank's rule, and that EFN looks for a lender that does deals like theirs, with no promise of approval. The files that follow:

• Below-prime and rebuilding credit, inside the minimum score and challenged-credit comfort you set, or with no minimum if you have none.
• Newer businesses and startups, if your startup appetite says you take them, and how new.
• Older equipment and high-mileage trucks, inside your age limits and mileage cap.
• Private-party and auction purchases, if you take them.
• Trucks and trailers, construction, agriculture and other commercial equipment, in the categories you choose.

What the file shows

Before you claim a deal you see a summary of the file, with no identity: the equipment, make and model, year and condition, mileage or hours, the seller type; the purchase price (rounded), down payment and desired term; the business's state and industry; time in business, the self-reported credit range and revenue range; and the fit score against your profile. The borrower's name and contact unlock when you claim it.

On second-look paper that summary is the whole first test: the asset, its age and mileage, the seller, the money down and the credit range, before you spend a call on it.

How it works for a lender

1. You set your rules once, in a lender profile that takes five minutes or less, and update it whenever your appetite changes. Nothing is routed to you until you have reviewed and signed the referral agreement. Say exactly which second looks you want: credit, startups, equipment age, mileage, seller type and the states you serve.
2. Matched deals arrive one at a time. Every match is human-reviewed against your credit box before it reaches you.
3. Each deal goes to one lender at a time, with no competing calls from other lenders. You have 24 hours to claim it; once you claim it, it is yours until you pass. Unclaimed after 24 hours, it moves to the next best fit.
4. When you claim a deal, the borrower is told which lender has the file and that you will be in touch, so your first call is expected.
5. You underwrite, price and close each deal on your own paper, with your own documents and your own process. EFN does not package the file, quote a rate or take part in the credit decision.

Why one lender at a time matters here

A second-look file that has been sent to a list arrives with a stack of inquiries and a borrower already fielding calls. A file that comes to you alone arrives with one soft credit pull from EFN and a borrower waiting to hear from one lender.

What it costs

Joining is free. The referral fee is 1% of the funded amount, and a referral fee applies only on deals that actually fund. Pay nothing for leads you pass on.

One flat referral fee for every lender in the network. No lender can pay to be routed ahead of another. EFN asks for no exclusivity from you. Each deal is yours alone once you claim it, and you keep every dealer, vendor and referral source you already have.

Common questions

Do I have to take every below-prime deal?
No. Pass on anything you do not want. A deal you pass on costs you nothing, and it moves to the next match.

Can I take startups but not challenged credit, or the other way round?
Yes. Credit, startup appetite, time in business, equipment age, mileage and seller type are separate settings in your profile, and each one shapes what you receive.

Do you send private-party truck sales?
Yes, to lenders whose profile says they take private-party purchases. The file shows the seller type up front, before you claim it.

Is the borrower told who I am?
Only once you claim the deal. Then the borrower is told which lender has the file and that you will be in touch. Your criteria and pricing are never shown to borrowers or to other lenders.

What does it cost if a deal does not fund?
Nothing. The referral fee is 1% of the funded amount and applies only on deals that actually fund. Joining is free.

Set your box. Receive only what fits.

Watch how it works (2 min) · See a sample routed deal

Free to join. The referral fee is 1% of the funded amount, and it applies only on deals that actually fund.

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 · Equipment finance lead sources: where deal flow comes from, and what each one asks of you · Equipment leasing referral partners: what a good one looks like · How to get more equipment finance applications without buying leads · Pay only on funded deals: how a success-based referral fee works · Application-only equipment deal flow, matched to your program · Small-ticket equipment deal flow, sized to your program · Guides for lenders

Equipment Funding Network is a matching and referral service, not a lender and not a broker. Lenders make every credit decision and set every term.