Frequently Asked Question Frequently Asked Question

What kind of equipment and vehicles are financed?

Our commercial financing programs finance a broad range of assets, which include new and used trucks, trailers, construction equipment, and machinery that are necessary in the operation of the business. The eligibility will be based on the type of equipment, age, condition, and business purpose.

How long does it take to get approved when purchasing equipment or trucks?

At Lewis Capital, most applications are processed within 24 to 48 hours after the information is provided. Underwriting and evaluation may require more time for more complex financing requests.

Would I be able to get financing with bad or poor credit?

Yes. Some lenders do not solely look at credit scores. Another aspect that may be considered when it comes to eligibility is the business revenue, time in operation, equipment value, and overall financial stability. We help you find the right option according to your credit score and other financial aspects.

What are the benefits of equipment financing through Lewis Capital?

Lewis Capital helps businesses acquire essential equipment without high upfront costs. We offer flexible financing options, efficient approval timelines, and solutions tailored to your business goals and credit profile. Equipment financing can also support cash flow management and, in some cases, allow businesses to take advantage of available tax benefits such as Section 179 deductions.

Which documents are required when applying for commercial equipment financing?

Common requirements include a completed credit application, a valid government-issued ID, a sales order or purchase agreement, and basic specifications of the equipment or vehicle. Additional documentation may be requested depending on the financing structure.

Do you provide financing options for the new and used equipment?

Yes. Both new and used equipment may be financed under the same conditions, and all it requires is meeting the lending requirements regarding the age, condition, and resale value of the equipment. However, there might be variations in terms depending on equipment specifications.