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Equipment product · Nationwide

Equipment Finance Agreement (EFA)

An EFA gives you ownership from the start on one short contract, with no residual, no balloon and no buyout to negotiate.

Apply nowAll equipment programs(210) 702-8811
$15K – $10MM+Amounts
Up to $1MMApplication only
12 – 84 mo.Terms
All 50States
Product

How equipment finance agreement (efa) works

An Equipment Finance Agreement is the most common structure in commercial equipment finance today. It reads like a lease but works like a loan: you own the equipment, the lender holds a security interest, and when the last payment is made you're done. There's no residual value and nothing to buy out.

EFAs are popular for trucks, yellow iron, medical and restaurant equipment because they fund quickly, often on an application alone up to $1 million, and they keep your bank lines free for working capital.

Best for

  • Application-only approvals up to $1 million
  • Trucks, construction and medical equipment
  • Owners who want no end-of-term decisions

Program terms

Every product and structure is available through the same equipment program: $15,000 to $10 million and more, application-only approvals up to $1 million, 12 to 84-month terms, A through C- credit and no industry restrictions.

Questions

Equipment Finance Agreement (EFA) FAQ

Answers to common questions.

What's the difference between an EFA and a loan?

Very little in practice. An EFA is a single financing contract with fixed payments and no residual; it's usually faster to document than a bank loan.

Is there a balloon payment?

No. The final scheduled payment pays it off.

How much equipment can I finance?

From $15,000 to $10 million and more. Approvals up to $1 million can often be made on a one-page application, with no tax returns or financial statements.

What credit do I need?

Programs span A through C- credit. Strong credit gets the lowest rates and 100% financing; challenged credit can still be approved with a down payment or additional collateral.

Do you finance startups?

Yes. Businesses with one year or more in operation have the most options, and startup programs are available with a strong owner profile or down payment.

Related

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Turn receivables into cash for equipment

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Cash today for the contracted payments you'll receive

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By state

Equipment Finance Agreement (EFA) by state

Available in all 50 states and D.C.

Discuss your scenario

Rather talk it through first?

Skip the full application. Tell us what you need in a few words and an account executive will call you back with options.

  • No application, no credit pull
  • A real account executive, not a call center
  • Usually a call back within one business day
Prefer to call? (210) 702-8811
Next step

Ready to apply for equipment finance agreement (efa)?

Tell us about the equipment and we'll bring back the right structure.

Start the application

Commercial financing is arranged through Win-Win Capital Funding's network of banks, equipment lessors and asset-based lenders. Rates, terms, advance rates and amounts depend on credit, time in business, revenue, collateral and the equipment, and all financing is subject to credit approval and documentation. Tax treatment varies; consult your tax advisor. This is not a commitment to lend.