Built for equipment finance lenders

If your payoff process still takes 10+ minutes,it is still manual.

PayoffAgent turns complex equipment finance contracts into accurate, audit-ready payoff quotes in under 2 minutes, including EFAs, step schedules, balloon structures, and variable-rate terms.

Performance Snapshot

10+ min → <2 min

Typical payoff turnaround

~190 Hours

Returned monthly (high-volume teams)

Audit-Ready

Breakdowns and payoff documentation

Equipment Finance Is Complex

Step Payment Schedules

Equipment loans often have payments that step up over time. Manual calculation of payoffs requires finding the current payment tier and calculating remaining balances.

PayoffAgent handles it: Automatically identifies current payment tier and calculates exact payoff amount.

Balloon Payments

Equipment finance frequently uses balloon structures. Calculating payoffs requires understanding the amortization schedule vs. the balloon payment at maturity.

PayoffAgent handles it: Factors balloon payments into total payoff amount automatically.

Prepayment Penalties

Equipment loans often have tiered prepayment penalties that decrease over time. Determining which tier applies and calculating the penalty is time-consuming.

PayoffAgent handles it: Applies correct penalty tier based on loan age and terms.

Works for All Equipment Types

PayoffAgent handles the full spectrum of equipment finance—from small-ticket to large-ticket deals.

Heavy Equipment

  • • Construction equipment
  • • Agricultural machinery
  • • Mining equipment
  • • Material handling

Transportation

  • • Commercial trucks
  • • Trailer fleets
  • • Delivery vehicles
  • • Specialty vehicles

Medical Equipment

  • • Diagnostic imaging
  • • Surgical equipment
  • • Dental equipment
  • • Practice management systems

Technology & IT

  • • Servers & data centers
  • • Network infrastructure
  • • Software & hardware bundles
  • • Telecom equipment

Manufacturing

  • • CNC machines
  • • Production lines
  • • Industrial robots
  • • Quality control equipment

Restaurant & Hospitality

  • • Commercial kitchen equipment
  • • POS systems
  • • HVAC systems
  • • Furniture & fixtures

Purpose-Built for Equipment Finance

AI Document Reading

Upload equipment loan agreements in any format. Our AI extracts:

  • Equipment description & serial numbers
  • Loan amount & payment schedule
  • Step payment tiers with dates
  • Balloon payment amounts
  • Prepayment penalty structure
  • All fees & charges

Complex Calculations

Handles equipment finance complexity:

  • Step payment schedules (any number of tiers)
  • Balloon payment calculations
  • Tiered prepayment penalties
  • Skip payment provisions
  • Seasonal payment structures
  • All day count conventions

SharePoint Integration

Connect to your document management system:

  • Search by equipment ID or customer
  • Automatic document retrieval
  • Payoff letters save back automatically
  • Organized folder structure
  • Searchable metadata
  • Complete audit trail

Portfolio Management

Manage your entire equipment portfolio:

  • Bulk payoff processing (coming soon)
  • Portfolio analytics & reporting
  • Prepayment tracking
  • Customer history
  • Compliance reporting
  • Team collaboration tools

If payoffs are still taking 10+ minutes, the process is still manual.

Equipment finance teams are using PayoffAgent to move from spreadsheet-heavy workflows to a repeatable process that runs in under 2 minutes.

10+ min → <2 min

Per Payoff

Cut manual turnaround on complex equipment loans and leases.

~190 hrs

Returned Monthly

Based on high-volume teams processing around 500 payoff requests per month.

Audit-Ready

Every Calculation

Consistent payoff breakdowns and documentation your team can stand behind.

See PayoffAgent in Action

Schedule a 30-minute demo and see how PayoffAgent handles your equipment finance payoffs. Bring your own loan agreements—we'll process them live.

Schedule a demo