Tapping into equipment financing: A checklist for banks and credit unions
Equipment financing is a $1.3 trillion market, yet many banks and credit unions hesitate to enter or expand into the market due to unfamiliar credit models, operational complexity, and regulatory uncertainty. Without a clear strategy, institutions face misaligned credit culture, onboarding delays, and rising operational costs.
This checklist summarizes what makes equipment finance distinct from traditional lending and the actions leaders can take to update risk frameworks, streamline processes, and support scalable growth.
Learn how to:
- Navigate regulatory expectations while updating risk frameworks for a new asset class
- Incorporate data-driven scoring, asset-focused underwriting, and residual risk management
- Build the operational, tax, accounting, and asset-management processes needed to scale
Additional resource:
- Webinar on-demand: Tapping into the equipment finance opportunity: What financial institutions need to know