This product looks simple and is not.

Lenders assess the same loan differently. The same application, for the same excavator, from the same business, submitted to two different lenders, can produce an approval at 7.8% and a decline. Not because the business is a different business. Because the two lenders have different credit appetites, different security requirements, and different policies for the construction-adjacent industry the business operates in.

Understanding this is the foundation of good lender selection.