Home > Applying for Financing

Applying for Financing

  • Who can apply?

    Businesses of all types are eligible to apply for financing with us. Our commercial customers include sole proprietors, established companies, limited liability companies, new business and start up organizations.

  • What do I need to apply?

    Marlin’s online application is a simple application. You can apply in less than five minutes. For companies in business for fewer than five years: it is encouraged you provide the owner’s name and social security number for credit review.

  • What are your qualifications for approval?

    Marlin has programs available for a wide variety of credit types including well-established businesses as well as start-up companies.

  • What are your rates?

    The rate you get approved for is subject to a combination of factors, including but not limited to: your business credit. how long you’ve been in business. your personal credit. how much you’re looking to borrow, and for how long.  With that in mind, Marlin Business Services Corp. is a publicly traded entity with a […]

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  • How long does it take to get financing from Marlin?

    Once you apply, Marlin will typically notify you or your dealer about your approval after 2-4 business hours.

  • Can I finance multiple pieces of equipment (or software, etc.) at one time?

    We can finance your entire purchase, regardless of how many items you need to buy. Use the slider on our online application to select the estimated total amount of the purchase you have in mind. You will need to provide details of individual items on your application.

  • What else can I finance besides my equipment?

    You can bundle in additional costs such as installation, extended warranty and delivery as part of your total equipment cost. Marlin also offers a working capital loan to cover costs that can’t be included in your equipment financing.

  • Do you provide financing to startups?

    We typically require companies to be in business for at least two years to receive a Working Capital Loan. Startup business with at least six months of history may qualify for equipment financing, so please complete an application to proceed.

  • How is my quote calculated?

    The estimate you see after using our calculator is based on an average credit rating. When you actually apply for financing with us, there is potential for qualifying for different programs at Marlin. We’re able to work with a wide range of credit ratings, which allows us to offer financing to those who might not qualify with […]

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  • Will my final monthly payment be different from my quote?

    The quote is meant to give you an idea of what your monthly payments could be. When you apply, other factors including but not limited to length of time in business, credit history and ratings help us determine what an actual payment would be.

  • When would my bill be due?

    Generally speaking your first invoice generates due 23 days after your documentation is complete. Other factors contributing to your due date include invoicing, your ACH or autopay settings, and your supplier’s delivery preference. Be sure to complete all of your documentation steps in a timely manner to ensure you don’t miss your […]

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  • What's the difference between pre-approved and qualified offers?

    Both pre-approved and pre-qualified offers are based on your business’ prior history with Marlin and recent credit information. Pre-approved offers are currently available to select customers only for equipment financing and reflect a high likelihood of approval for qualified equipment purchases up to the amount indicated. Pre-qualified offers reflect our initial estimate of the amount […]

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  • Why is my pre-qualified offer larger than my pre-approved offer?

    Pre-qualified offers are an initial estimate of the amount of financing we expect to be able to provide based on information available to us before you apply. Your final loan amount may be higher or lower than your pre-qualified offer, depending on the information provided in your application.

  • How short or long are your payment terms?

    Our terms typically range 24-60 months for our equipment financing solutions. Our Working Capital Loan product is short term and typically less than 24 months. Contact your sales representative, who may have more information on other term options available.

  • When would I receive my equipment (or software)?

    Marlin’s entire process can take less than a day. However, we only cover the financing part of your purchase. For information about delivery, availability, and lead time, please check with your supplier.

  • I'm pre-qualified or pre-approved for equipment financing. So why can't I apply for a Working Capital Loan?

    Possibly. Unfortunately, based on the information we available to us, sometimes your business is not eligible for our working capital loan product. You can apply for equipment financing if you are planning to purchase any equipment that can be financed. If you find that you are unable to apply for our working capital loan and […]

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  • Can I apply for more than my pre-qualified or pre-approved amount?

    Our offer amounts are indicative of the amount of financing we expect to be able to approve, before reviewing your actual credit application. We may be able to approve your business for financing above these amounts, but may require additional information, including recent bank statements or financial information. Please contact your Marlin Sales Representative for […]

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  • Can I apply for financing before selecting an equipment dealer?

    Yes, you can apply and be pre-approved for financing while you are still shopping for equipment at various dealers. Please enter “Unknown Dealer” in the Equipment Dealer Name field. You will be required to provide dealer details later in the process. Please note that your selected dealer will need to be reviewed before the loan […]

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  • Can I apply if I have existing working capital loans?

    If you have existing working capital loans, you may still apply. If approved, you will need to provide details of existing working capital loans and a portion of your loan amount will be used to pay off existing working capital loans.

  • What if I have multiple banking accounts?

    Please provide the bank statements from the primary business checking account for your business that shows your businesses revenue and cash flows. If your business income is split across multiple bank accounts, please call your Marlin Sales Representative to provide bank statements from additional accounts.

  • I'm a sole proprietorship. Can I use my personal checking account?

    We require that you provide statements from a business checking account to apply for a working capital loan. This must also be the account that you will use to make automated payments on your loan.

  • What file size and file format do you accept?

    We would prefer a PDF file downloaded from your online banking portal. Scanned or photographed statements may cause a delay in processing your loan. The maximum file size is 15MB.

  • Can I provide you with online access to my bank account?

    We do not currently provide this feature. We are working on implementing the ability for customers to provide bank statements by authorizing a one-time direct connection to their online bank statements.

  • Why can't I change my email address?

    Unfortunately, we are unable to change your email address while an application is in progress. You will be able to update your email address by calling your sales representative once you submit your application.

  • Financing Timeline

    Life of a Financing Agreement Timeline You select your equipment (if applicable*) and desired financing solution. The application is either completed online or in special cases, phoned or faxed.  A credit analyst receives your application for a decision: Approve, Decline, or Pending More Information. If accepted: A Marlin rep is notified of acceptance and notifies […]

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  • Will this impact my credit?

    Proving your personal credit to Marlin will most likely show up as an inquiry on your personal credit bureau. If approved, Marlin does not report tradelines to Consumer Bureaus unless there is a default. Marlin does share commercial data with Dun & Bradstreet and Paynet to help you build commercial credit.

  • What's next once I'm approved for Equipment Financing?

    Once you are approved for Equipment Financing, the dealer is paid and you will receive the equipment. At the end of the term, you are the owner of the equipment you were financing. You will have options to upgrade your purchase when the time comes.

  • What's next once I'm approved for a Working Capital Loan?

    Once you are approved for Equipment Financing, the dealer is paid and you will receive the equipment. You are the owner of the equipment you are financing, and Marlin will have a security interest in the equipment. You will have options to upgrade your purchase when the time comes.

  • When can I apply for additional Working Capital Loan funds?

    You can apply for additional funds or renew your Working Capital Loan once you are 50% through with your term payments. Contact [email protected] for more information.

  • Why was I charged an application or administration fee?

    Marlin does not charge an application fee. We may charge a fee to compensate us for processing the documents and reimburse us for the fees incurred with filing UCC-1 financing statements. When applicable by law, taxes may be applied to this fee.

  • Why was I charged a tax administration fee?

    Many local jurisdictions assess an annual tax on tangible personal property. The lessor, as the owner of the equipment, pays this tax to the appropriate taxing authority. (Our lease rate does not include this tax.) We pass this tax on to you on an annual basis. Again, these taxes change periodically and are not included […]

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  • Why was I charged sales tax on property tax?

    Under the terms of the lease, a lessee is reimbursing Marlin for property taxes paid on the lessee’s behalf. Many states consider this reimbursement as a taxable gross receipt for sales tax purposes. In these instances, Marlin is required to collect and remit sales tax on this taxable gross receipt.

  • Why was I charged interim rent?

    After we confirm that the equipment has been delivered and we’ve received all of the required documents, your equipment supplier is paid. We then set up the contract on our billing system and an invoice is sent to you for the first payment due. This payment covers the following full 30-day period. Included on the […]

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  • All About DocuSign

    Docusign is an electronic service Marlin uses for quick, convenient and paperless document execution. Using Docusign allows Marlin to: Prevent or intercept fraud attempts Authenticate signees Speed up our funding process for approved applicants – in other words, you get your money fastest with Docusign Offer our customers the convenience of end-to-end electronic processing Why […]

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  • How To Verify Your Tax Exempt Status

    If your organization is tax-exempt, please inform the vendor sales representative and provide your tax documentation at the point of sale. They will work with us directly to make sure your tax-exempt status is reflected in your financing agreement.

  • How does Marlin decide whether or not to approve my loan or lease?

    Credit decisions can vary depending upon the individual business and its industry, credit rating, time in business, borrowing experience, etc. Similar to how you qualify for personal credit. *Note that there are times where your personal credit will still need to be considered even when you have established commercial credit. Risk-based pricing vs. pass-fail pricing […]

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  • What is a UCC-1 financing statement?

    A Uniform Commercial Code-1 (UCC-1) financing statement is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor. (A “debtor” is a person who owes a debt to the creditor as typically specified in the agreement creating the debt.)

  • Understanding Your Cover Letter

    You’ll use this letter as a checklist to make sure you are providing all the documentation we’ll need to release your funds to you.

  • Why don't I have the title to the vehicle I'm financing with Marlin?

    As the lienholder for the financed vehicle, Marlin retains the title until your finance agreement is paid in full.

  • Without title information, I'm not able to register my vehicle. Can you help?

    In order for Marlin to process the title work for the vehicle and/or trailer you’re financing, our third-party title processing company requires the original Title/MSO and an original Notarized Power of Attorney. Please work with us to help us secure these documents as soon as possible. Once we receive them, the title processing company will reach […]

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  • I've paid my finance agreement in full, but I still haven't received my title.

    The title will be released to you 7-10 business days after we receive your payoff. We’ll mail your title to the address on file, via UPS Ground Delivery, unless otherwise requested.

  • Why is my equipment delayed or why is my financing in question if I’ve been approved?

    Sometimes due to Documentation and other post-approval processes, your funds can be held up if we don’t receive everything needed to release funds to you or to the vendor. That’s why it is important to refer to your cover letter to ensure you’ve completed all the post-approval steps. If the deal has funded […]

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  • Does the equipment I want to finance impact my approval?

    Yes, because the type of equipment and whether it is new or used helps us determine the length of term and which financing solution works best. For example, some equipment that may not qualify for a lease could, however, be eligible for Marlin’s other equipment financing solutions. It’s always our goal to get the equipment […]

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  • How to Read My Invoice

    How to read my invoice For an in-depth explanation of your invoice, click here. If you have a question or a dispute about your invoice call Customer Service at (888) 236-2409. Representatives are available from 8:00 AM to 8:00 PM EST, Monday through Friday.

  • Online Application FAQs
  • I'm Approved What's Next

    You are now a Marlin preferred customer. Once approved you will be contacted by a salesperson You'll receive documentation specific to the product you have selected You'll be informed of any additional information required for the transaction

  • Understanding First Invoice
  • Apply for Additional Financing

    Marlin provides equipment financing for a broad range of industries. We will work with you and create financing solutions to cater to the distinct needs of your business. Give us a call at (888) 318-6756 or simply apply online. You can also contact the Marlin account representative you last worked with - simply contact them[...]

  • Application FAQs

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