Questions we get asked.

Can I finance equipment without providing tax returns?

Yes. iFinancial Group finances equipment on a one-page application with no tax returns, no annual financial statements and no covenants to maintain. A bank asks for three years of returns because it is underwriting your entire balance sheet. iFinancial underwrites the equipment and the business operating it, which is a smaller question and typically a faster one.

How much can I finance on an application only?

There is no minimum, and up to $1,000,000 on the one-page application. Transactions above that are typically structured under a master lease rather than a single financing, particularly for multi-site rollouts or ongoing equipment programs where one approval covers repeated purchases.

How long does a decision take?

Terms are typically back within 24 hours, and often the same day. After the application comes in, iFinancial calls to confirm the equipment and anything underwriting needs, then sends terms to review. There is no obligation until you sign off on them.

What is the difference between a direct lender and an equipment finance broker?

A broker takes your application and shops it to a list of funding sources, which means your file gets pulled by several parties and the answer depends on whoever bites. iFinancial Group is a direct lender. The application is reviewed in house, the decision is made in house, and there is no third party to wait on. That is the reason decisions are typically same or next day.

It also changes what happens when a file does not work as submitted. A broker sends a decline email. A direct lender can call and talk about restructuring it.

Can I finance used equipment, or equipment I'm buying at auction or from a private party?

Yes. iFinancial finances new and used equipment purchased from a dealer, a private party or an auction. Auction purchases in particular tend to run on a clock, which is why the one-page application and the speed of the review matter more than they look like they should.

What if my business is less than two years old?

Newer businesses are handled under a separate program. Most banks and captive lenders decline on time in business alone without looking at the equipment or the operator, which is not how iFinancial reviews a newer file. Requirements vary by file, so the application is the fastest way to get a real answer.

How long does an approval stay good?

Approvals hold for up to 60 days. An approval is an offer iFinancial makes to you, not something you have agreed to, so you can get approved now and decide on your own timeline rather than anyone else's.

What kinds of equipment does iFinancial finance?

iFinancial works most in construction, manufacturing, technology, medical, fleet, agriculture and energy. That list is where the volume is, not a boundary. If your equipment isn't on it, it is still worth a call.

Can I finance a whole system rather than a single machine?

Yes, and one purchase order is rarely one machine. The machine, the controls, the material handling and the integration can be structured as a single financing rather than several separate approvals, any one of which could hold up the rest of the project.

Does iFinancial finance in all 50 states?

Yes. iFinancial Group is a nationwide direct lender operating in all 50 states.

How long has iFinancial Group been in business?

Since 1997, with roughly $600 million funded to date and close to thirty years of business built almost entirely on referrals and repeat customers. iFinancial Group is a member of the Equipment Leasing and Finance Association. Customers have ranged from a single machine at an independent shop to equipment programs for Fortune 500 technology manufacturers.

Can I write off financed equipment under Section 179?

Financed equipment can generally qualify for the Section 179 deduction in the year it is placed in service, which is why the timing of a purchase often matters as much as the price. The deduction limits and the phase-out threshold change annually. Confirm the treatment of your own purchase with your tax advisor.