Kolena AI Agent
Commercial Equipment-Finance Underwriting
Turn a commercial equipment-finance credit package into a cited underwriting analysis - applicant, collateral, DSCR, structural checks, and a tiered recommendation.
Impact
At a production commercial equipment lender, Kolena cut the funding-process turnaround from about 5 days to a few hours
per funding process
Volume fit
Works best for
lenders and their broker/vendor channels underwriting dozens or more equipment-finance applications a month
Too small for
a one-off single deal a credit officer can spread by hand faster than assembling the package
Typical inputs
Documents
- Signed credit application
- Business tax returns and financial statements
- Business debt schedule
- Operating bank statements
- Equipment invoice, quote, or purchase order
- Equipment appraisal or inspection
- Personal financial statement
- Executed personal / corporate guaranty
- Commercial and personal credit-bureau reports
Systems
- Loan origination system
- Document repository
- Commercial credit bureau (PayNet / Equifax / Experian Business / D&B)
Output
A structured, cited underwriting analysis with a computed DSCR, collateral and structure validation, file-completeness gate, and a tiered credit recommendation
Delivered to
- Credit decision / approval memo
- Loan origination system
- Credit committee package
What it extracts
· 13 fields
- Form
Underwriting Summary
A one-look roll-up of the credit request - applicant, purpose, amount, term, product, and equipment - so a credit officer can orient before reading the detail.
- Form
Applicant Business Profile
The applicant business's legal identity and standing, including the exact legal name and state of organization that any UCC-1 filing depends on, plus time in business and NAICS/SIC industry.
- Table
Ownership and Guarantors
Every owner and guarantor by role, ownership percentage, and guaranty type, with a Guaranty Present flag - the personal-guaranty test that commercial equipment credits almost always require.
- Form
Requested Financing Terms
The exact structure the applicant is requesting - amount, product, term, payment, rate, down payment, and residual - which drives the debt-service, advance-rate, and term-versus-useful-life checks.
- Table
Equipment and Collateral
Every financed equipment item as collateral - cost, make/model, condition, useful life, and resale value - the basis for advance-rate, term, and UCC-1 collateral analysis.
- Table
Business Financial Summary
A spreading of the applicant's financials across recent periods with EBITDA, the cash-flow basis for the DSCR calculation.
- Table
Existing Debt Schedule
Every existing obligation with its monthly payment, so the existing annual debt service feeding the DSCR denominator is complete.
- Table
Bank Statement Cash Flow
A month-by-month read of the operating bank statements - deposits, balances, and NSF/overdraft activity - that corroborates the financials and surfaces liquidity stress.
- Form
Credit Bureau and Payment History
The commercial and personal credit results - business score (for example PayNet MasterScore v2), guarantor FICO, payment history, derogatories, and public records - summarized without raw identifiers.
- Number
DSCR and Debt Capacity
The recomputed global Debt Service Coverage Ratio - cash flow available for debt service over total annual debt service including the proposed new payment - the core repayment-capacity metric.
- Table
Collateral and Structure Validation
The structural underwriting checks a credit officer runs - advance rate, down-payment adequacy, term versus useful life, personal guaranty, UCC filing readiness, and valuation basis - each flagged Pass, Fail, or Review.
- Table
Application Completeness
The intake gate: whether each document an underwriter needs to decide is Present, Missing, or N/A, so an undecidable file is caught before a decision.
- Classification
Credit Recommendation and Tier
A tiered credit recommendation - Approve, Approve with conditions, Refer to committee, Decline, or Incomplete - weighing DSCR, credit, structure, and completeness as decision support for a human credit officer.
Prerequisites
- Your credit policy and approval matrix (DSCR minimums, advance-rate limits, guaranty requirements)
- A complete application package for each deal
- Credit-pull authorization from the applicant and guarantors
Human review
A credit officer reviews the DSCR, structural checks, and tiered recommendation, and clears any Review/Fail flags and missing-file items before a fund/decline decision. The agent produces decision support, not the final credit decision.
Where it fits
Commercial equipment-finance credit underwriting
Application intake - a broker, vendor, or direct applicant submits a signed credit application and supporting package (financials, tax returns, bank statements, equipment invoice/quote, guaranty and credit-pull authorization)
This step
Underwriting
After
Who uses it
Grounded in
- Uniform Commercial Code Article 9 (Secured Transactions), 2010 revisions; UCC 9-301 / 9-307 (debtor location) and 9-502 (financing statement)verified as of 2026-07-22
- Equal Credit Opportunity Act / Regulation B, 12 CFR 1002.9 (Adverse-action notifications), including 1002.9(a)(3) business-credit provisionsverified as of 2026-07-22
- North American Industry Classification System (NAICS), 2022 revision (U.S. Census Bureau)verified as of 2026-07-22
- Industry data standard: PayNet Credit History Report and Equifax MasterScore v2 (commercial credit scoring, 500-800 scale predicting 90+ days past due)verified as of 2026-07-22
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See Commercial Equipment-Finance Underwriting on your documents
We'll run it against a file of yours and walk through every cited field.