Updated September 29, 2026.
Possibly. A 640 credit score by itself cannot tell you whether an equipment financing request will be approved or what terms will be offered. GFLS does not publish a single minimum score for every transaction. The available programs and underwriting requirements vary, and the complete business and equipment purchase matter.
If you are comparing options, start with the equipment financing overview and gather the information below. GFLS generally discusses equipment transactions from $25,000 to $5,000,000, subject to review.
What else does the financing review consider?
- Cash flow and obligations: Can the business support the proposed payment along with its existing expenses and debt?
- Business history: How long has the company operated, and what experience do the owners bring?
- The equipment: What is the asset, its condition and value, and how will it help the operation?
- The seller and purchase: Is there a clear quote or listing and a workable transaction timeline?
- Credit context: What caused prior issues, how recent are they, and what has improved?
Different credit bureaus and scoring models may show different numbers. A score near a threshold should be discussed in the context of the actual application rather than treated as an automatic approval or denial.
Can I apply with a bankruptcy, lien or other credit issue?
You can describe the circumstances and ask GFLS to review the available options. A bankruptcy, tax lien, judgment or other issue may materially affect eligibility, required documentation, money down and terms. GFLS cannot promise that any specific issue will be accepted, or that every credit profile has an available program.
Provide accurate dates, current status and supporting information when requested. An explanation is most helpful when it shows what has changed in the business since the event.
Does leasing solve a low credit score?
A lease and an equipment finance agreement can have different ownership and end-of-term provisions, but both require a transaction review. Neither is a guaranteed route around underwriting. Ask about payment schedule, end-of-term obligations, fees, insurance and tax treatment for any proposed structure. Consult your tax or legal adviser about the treatment that applies to your business.
How can I strengthen a request?
Identify the equipment and seller, provide a current quote, and explain how the asset will earn revenue, replace an expense or improve capacity. Have recent business bank statements ready. Be clear about the amount requested and whether you have funds for a deposit or first payment if the program requires it. The team may request financial statements, tax returns or other documents depending on the deal.
A complete application can help the review move efficiently. It does not guarantee approval, a particular rate or a decision within a set time.
Start with the right form
Use the quick financing request if you want an initial conversation about the equipment, amount and business. When you have the full transaction details, complete the equipment financing application. The short request is not a credit application and does not authorize a credit pull; any separate credit authorization for the full review follows GFLS’s stated process.
All financing is subject to credit approval, program availability and final documentation. Terms, rates, advance amounts, money down, fees and timing vary.
