Equipment Financing & Leasing Guidelines (All Industries)
Designed for most equipment transactions—including startups. Clean credit makes life easier, but we structure around real-world cash flow so you don’t starve working capital.Always contact us for additional details. There’s no credit inquiry filling out our forms. This equipment leasing credit guidelines is not absolute. This is a guideline and each clients will vary based on equipment, credit and business history.
Why Businesses Finance Equipment with Liberty
- Application-only up to $350,000
- 100% Pre-Funding to vendors before delivery
- Soft inquiry at pre-qualification
- Section 179 potential tax savings
- Soft costs (tax & installation) financeable
- DocuSign app & e-docs for speed
- High approval ratios
Lease Types We Support
- Operating Lease — use the asset, return at end
- Finance (Capital) Lease — ownership-like; bargain buyout
- TRAC Lease — ideal for vehicles; adjustable residuals
- True Lease — lowest payments; no bargain option
Typical Credit Windows (Guide Only)
Every lender has its own credit box. These ranges cover most industries and asset types. Personal guarantees are typical.
| Amount Range | Min FICO | Time in Business | Financials & Docs | Bank/Trade Requirements | Notes |
|---|---|---|---|---|---|
| $3,000 – $49,999 | 600+ | Startup to 2+ yrs | PG; 5-yr clear history; no major derog; ≥7 satisfactory trades | Bank statements: Med-4 (No NSF); Comparable high credit $35k+ (app & UCC) | Multi-location OK with disclosure & landlord waiver |
| $50,000 – $100,000 | 650+ | 3+ yrs | PG | Bank ref: Low-5; D&B rating or comparable; pulls biz credit | Control must be current |
| $100,000 – $150,000+ | 650+ | 3+ yrs | 2 yrs biz + 2 yrs personal returns; PFS; interim P&L & Balance Sheet | Bank ref: Med-High-5 | PG required |
| $150,000+ | 650+ | Seasoned | 2 yrs biz + personal returns (each owner >20%); PFS; current interim P&L/BS; debt schedule (maybe) | Bank statements: Med-High-5 | PG required |
“PG” = personal guarantee. Bank rating shorthand (e.g., Med-4, Low-5, Med-High-5) reflects liquidity/average balances.
Additional Considerations (Most Industries & Startups)
- Labor, delivery, and service contracts: finance up to 20% of equipment cost.
- Business credit review: Dun & Bradstreet, Paynet, and Experian.
- Bankruptcy considered with re-established credit (typically 3+ years from discharge/missed).
- Startups considered with strong credit and down payment.
- Home businesses considered (DBA or business checking required).
- Used trucks, trailers, and equipment evaluated per asset, cost, and profile; terms up to 60 months on used.
- Down payment may be required if the equipment is 7+ years old.
Vendor & Dealer Resources
Vendor Financing Sign-Up
- Join our network to offer financing on your quotes
- Fast pre-funding and proposal tools
- Dedicated vendor desk support
Instant Quotes for Vendors & Dealers
- On-the-spot payment estimates
- Application-only tiers for speed
- Tax & install (soft costs) included
What Is Equipment Vendor Financing?
- Direct vs. third-party structures
- Cash-flow benefits for buyers
- Sales lift & loyalty for vendors
Become a Liberty-Approved Dealer/Vendor
- Co-branded marketing assets
- Proposal generator access
- Priority funding workflow
Why Lease Equipment?
- Preserve working capital—avoid cash crunch
- Potential tax benefits (Section 179)
- Match payments to useful life
Types of Equipment Leases
- Operating vs. Finance vs. True Lease
- TRAC for vehicles & trailers
- Which structure fits which asset
What You Need to Apply
- Online Application: Complete, upload docs, authorize processing (soft inquiry first; lenders may hard-pull post-approval).
- Equipment Invoice/Quote: Multiple vendors accepted—consolidated to one monthly payment.
- Bank Statements (3–4 months): Verify income, balances for any down payment; set up ACH autopay.
Free Consultation & Pre-Approval
No obligation. Fast answers. Secure form.