---
title: What Lenders Look For in an Equipment Financing Application
description: What Lenders Look For in an Equipment Financing Application
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---

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# What Lenders Look For in an Equipment Financing Application

![Bruce Moffat](https://northlend.ca/hs-fs/hubfs/BRUCE.jpeg?width=48&height=48&name=BRUCE.jpeg)

 Bruce Moffat

September 16, 2025

If you’re thinking about financing equipment, you might be wondering: *What do lenders actually care about when they review my application?* Knowing this ahead of time can save you stress and improve your chances of approval.

Here are the key things lenders look at and in order of importance:

### **1. Credit History**

Both your business and personal credit matter. Lenders want to see that you’ve managed debt responsibly in the past. Don’t panic if it’s not perfect — a broker can still find options for you.

### **2. Time in Business**

The longer you’ve been operating, the better. Start-ups can still get approved, but established businesses usually have an easier time.

### **3. Financial Strength**

Lenders often review your revenue, cash flow, and existing debt. They want to know if you can handle the new payment comfortably.

### **4. Equipment Value**

What kind of equipment are you financing? Is it new or used? Specialized or common? Lenders like assets that hold their value and are easy to resell if needed.

### **5. Down Payment (Sometimes)**

Not always required, but putting some money down can strengthen your application and lead to better terms.

**Pro tip:** Working with a broker helps because we know which lenders focus on which factors. Instead of wasting time applying in the wrong place, you get matched with the right fit from the start.

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