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When you are looking to acquire a new piece of equipment, the equipment finance process is very straight forward.

First, you will need to get an invoice, estimate, or quote of the equipment from an equipment vendor.  The quote should list all the conditions for sale including the year, make, and model number of the equipment, the sale price, down payment made, and so on.

Second, you complete an application for financing that will include your personal net worth statement and an authorization for lenders to review your credit.

If you are looking to secure more than $50,000, you may also need to provide copies of your business financial statements.