Equipment Finance Software ThatActually Saves You Time
Stop spending 40+ minutes calculating each equipment loan payoff. PayoffAgent's AI-powered platform handles complex equipment finance structures in under 2 minutes.
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
"PayoffAgent cut our payoff processing time from 45 minutes to under 2 minutes."
We process 150+ equipment loan payoffs per month. The time savings alone pays for PayoffAgent 10x over—but the accuracy and consistency are priceless.
— Equipment Finance Portfolio Manager
The ROI Is Clear
Time Reduction
From 40+ minutes to under 2 minutes per payoff
Annual Savings
Based on 100 payoffs/month at $35/hour labor cost
Accuracy
Eliminate calculation errors and inconsistencies
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 Equipment Finance Demo