Equipment financing allows businesses to keep their cash on hand and make monthly payments for needed equipment, rather than making a huge cash outlay to get the equipment they need. It also allows businesses the ability to plan for a predictable, fixed monthly expense.
Equipment Financing From $1K to $20M
Borrower Criteria
| Required | Preferred | |
|---|---|---|
| Time in Business | Startup | 2 Years |
| FICO | 500 | 660 |
| Monthly Revenues | $5k | $15k |
| Entity Structure | N/A | LLC / Corporate |
Terms
| Amounts | $1k - $20M |
| Term Length | Up to 10 years |
| Payment Frequency | Monthly |
| Loan To Value | Up to 100% |
| Closing Time Frame | Same Day Approval |
| Credit Pull | Soft |
Documentation
| Basic credit application |
| Copy of credit report |
| Invoice / bill of sale / quote |
| 6 months of business bank statements |
| Signed by all business owners |
Benefits
| Options for same day approvals available |
| 500 minimum FICO |
| Titled equipment ok |
| 90% industry coverage |
| FMV, EFA, $1 buy out, 10% buy out leases |
*** All files are subject to full underwriting & qualifications specified by each bank. There can be no assurance that any applicant will be approved and that credit will be offered.***
Quick & Reliable
Legal Notices
Working hours
- Mon - Fri
- -
- Sat - Sun
- Closed
Address
4150 Belden Village St NW Ste. 308-O
Canton, OH 44718
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