Can several equipment contracts be consolidated?

Often yes. Consolidation depends on the assets, the payoff amounts, and the review outcome. Payoff statements from each current holder are required.

Will refinancing lower my payment?

It may change payment timing or amount, but no outcome can be promised before review. Any change should be evaluated against total cost, not payment alone.

Do I need to own the equipment outright?

No. Refinancing typically involves equipment with an existing balance, which is paid off directly as part of closing.

Financing solution

Equipment Refinancing

Equipment refinancing replaces one or more existing equipment obligations with a new structure — often to consolidate several contracts, adjust term length, or reorganize payments around a season. It requires payoff statements from the current holders and a current view of the collateral. No rate or payment outcome can be promised in advance; every file is reviewed by a person.

Who this may serve

Businesses juggling several small equipment contracts
Seasonal operations that need payment timing aligned to revenue
Owners who added equipment quickly and want a single structure
Fleets where several units are near the end of their contracts

How it works

1
Step 1
List the contracts in scope, the assets at
List the contracts in scope, the assets attached, and approximate balances.
2
Step 2
A specialist identifies which payoff state
A specialist identifies which payoff statements and lien releases will be needed.
3
Step 3
You apply through the secure application c
You apply through the secure application channel.
4
Step 4
A human reviewer evaluates the collateral,
A human reviewer evaluates the collateral, the payoffs, and the requested structure.
5
Step 5
On approval, existing holders are paid dir
On approval, existing holders are paid directly and new liens are recorded.

Documentation typically requested

Payoff statements from each current holder
Schedule of equipment with serials or VINs
Basic business information and authorized signer contact
Bank statements or financials on larger consolidations

Sensitive items such as Social Security numbers, dates of birth, and bank details are collected only in the official secure application — never in chat, email, or a web form comment field.

Things to weigh

Total cost, not just payment

Extending a term can lower a payment while increasing total cost. Compare full cost of capital, not payment alone.

Collateral condition

Refinancing depends on remaining useful life. Heavily used assets may support less than expected.

Prepayment terms

Existing contracts may include prepayment provisions. Get exact payoff figures rather than estimates.

Illustrative example — not a rate or approval

A fleet owner is juggling four separate equipment contracts taken out over two growth years and wants one predictable payment aligned to the spring season. Payoff statements from each holder start the file.

This scenario is a hypothetical illustration to explain how the process typically runs. It is not an approval, a quote, or a guarantee of any outcome.

Check your scenario

Share non-sensitive details and a specialist will outline structure options and the documentation your file needs.

Start a scenario check Browse the answer center

Editorial provenance

Human reviewer: Reviewed by: AILCO Credit & Compliance (placeholder reviewer)
Last reviewed: 2026-07-28

Citations & sources

IRS Publication 946 — How to Depreciate PropertyGeneral reference for equipment depreciation concepts. Confirm with your CPA.
U.S. Small Business Administration — Financing basicsGeneral small-business financing education.

Equipment Refinancing

Who this may serve

How it works

List the contracts in scope, the assets at

A specialist identifies which payoff state

You apply through the secure application c

A human reviewer evaluates the collateral,

On approval, existing holders are paid dir