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Equipment finance runs on volume: thin applications arriving all day from brokers and vendors, most of them incomplete, every one expecting a same-day or next-day answer. The document work, not the credit work, is what sets your deals-per-month ceiling.
Trusted by financial institutions across banking, lending & credit
The Document Burden
Uptiq’s Document AI reads 27 document types across equipment and asset-based finance, from application through monthly monitoring.
The files are thin and the count is high. One application can arrive with a vendor quote or invoice, a fixed assets schedule, a business inventory schedule, an account receivables aging report, an accounts payable aging report, a business credit report, and a business tax return — and the deal sits while someone chases the two documents that never came.
The collateral questions turn on documents no spreadsheet standardizes: UCC filings for lien position, an engineering report on used equipment condition and residual value, and a Safer record when the obligor is a motor carrier. Then servicing asks for much of it again every month, as borrowing-base updates built from the same aging reports and inventory schedules.
Documents We Process
Every document below has a dedicated extraction page. This list is generated from Uptiq's Document AI registry, not hand-picked.
| Document | What Uptiq extracts |
|---|---|
| Account Receivables Aging Report | Extracts Total AR, Current (0-30 days), 31-60 Days + 4 more fields |
| Accounts Payable Aging Report | Extracts Total AP, Current (0-30 days), 31-60 Days + 4 more fields |
| Audited Business Financial Statement | Extracts Auditor Opinion Type, Total Revenue, Net Income + 5 more fields |
| Business Credit Report | Extracts D&B PAYDEX Score, DUNS Number, Business Failure Score + 5 more fields |
| Business Debt Schedule | Extracts Total Outstanding Debt, Number of Instruments, Total Monthly Debt Service + 4 more fields |
| Business Financial Statement | Extracts Total Revenue, Net Income, Total Assets + 4 more fields |
| Business Inventory Schedule | Extracts Total Inventory Value, Finished Goods, Work in Process + 5 more fields |
| Business Plan | Extracts Requested Loan Amount, Use of Funds Summary, Year 1 Revenue Projection + 3 more fields |
| Business Tax Return | Pillar page covering 27 business tax forms and schedules, including Form 1065, 1120, 1120-S and Schedule K-1 |
| Cash Flow Statement | Extracts Net Cash From Operations, Capital Expenditures, Free Cash Flow + 4 more fields |
| Credit Agreement | Extracts Facility Amount, Facility Type, Applicable Margin + 5 more fields |
| Customer Contract | Extracts Counterparty, Contract Value, Initial Term + 5 more fields |
| Customer List | Extracts Customer Name, Revenue (Trailing 12 Months), Percent of Total Revenue + 5 more fields |
| Engineering Report | Extracts Immediate Repair Cost, Replacement Reserve Recommendation, Roof Condition + 5 more fields |
| Fixed Assets Schedule | Extracts Asset Description, Acquisition Cost, Acquisition Date + 5 more fields |
| LOI | Extracts Proposed Loan Amount, Proposed Rate, Proposed Term + 5 more fields |
| Lease Agreement | Extracts Tenant / Lessee, Base Rent, Lease Term + 4 more fields |
| Management Resumes | Extracts Principal Name, Role, Years of Industry Experience + 5 more fields |
| Partnership Agreements | Extracts Entity Name, Managing Member / General Partner, Ownership Percentages + 5 more fields |
| Profit And Loss Statement | Extracts Total Revenue, Cost of Goods Sold, Gross Profit + 4 more fields |
| Safer | Extracts Carrier Legal Name, USDOT Number, Operating Status + 5 more fields |
| Secretary Of State | Extracts Entity Legal Name, Entity Status, State Entity Number + 5 more fields |
| Sources And Use Of Funds | Extracts Total Sources, Total Uses, Loan Proceeds + 5 more fields |
| Statements Of Information | Extracts Chief Executive Officer, Officers and Directors Named, Managers / Managing Members + 5 more fields |
| UCC Filing | Extracts Debtor Name, Secured Party, Filing Number + 4 more fields |
| Document | What Uptiq extracts |
|---|---|
| Vendor Quote Or Invoice | Extracts Equipment Description, Serial / VIN Number, Equipment Price + 4 more fields |
| Document | What Uptiq extracts |
|---|---|
| Vendor Wiring Instructions | Extracts Beneficiary Name, Beneficiary Bank, Routing / ABA Number + 5 more fields |
How It Works
Forward the application the way it arrived — broker email, vendor referral, or portal drop — attachments unopened.
Every attachment is typed on arrival, so a thin package is flagged as incomplete before an underwriter picks it up.
Equipment description, serial or VIN number, price, aging buckets, and monthly debt service come off the schedules directly.
Debtor and entity names are matched across UCC filings, secretary of state records, and the application before funding is queued.
Cash flow, collateral coverage, and customer concentration are calculated so a thin file still gets a same-day credit read.
Decision-ready fields post into your LOS, CRM, and funding queue, so nobody rekeys a vendor invoice at close.
Proven at Scale
Results represent aggregate outcomes across production deployments. Individual results may vary.
Key Benefits
The same underwriting bench clears more applications a week because packages arrive complete, typed, and spread before anyone opens them.
Same-day and next-day answers hold as application volume climbs, which is what keeps brokers and vendors sending the next deal to you instead of elsewhere.
Monthly borrowing-base submissions — account receivables aging reports and business inventory schedules — are read the day they land, so a coverage slip surfaces immediately rather than at the next review.
Structured output drops into the origination and servicing systems you already run, so there is no rip-and-replace and a single agent can be live in five business days.
Common Questions
Related Industries
Book a 30-minute session. We'll run a live extraction demo on your own equipment finance documents.
Uptiq's AI agents sit above your existing LOS, core, and CRM — no rip-and-replace, with a single agent live in 5 business days.
Bring us the workflow with the most drag. We’ll show you an agent running it.
Join ever-growing community of 500+ Financial Institutions who have harnessed the power of Uptiq Insights.
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