Posts Tagged ‘Financing’
Finance and Lease Computers and Office, Hardware Machinery and Equipment, New and Used, Leasing and Financing Programs Update, Part1 | Scribd
Finance and lease computers and office, hardware, machinery and equipment programs are still available for new and used computer and office equipment, however leasing and financing volume for the first part of 2010, was basically flat for most United States Industries.
Even though we are going through tough credit times, computers and office, hardware, machinery and equipment financing and leasing is still available for the good credit applicant and also for the not so good applicant. We are going to discuss the available computer and office finance and lease programs in general to give you an idea that money is still available for start up and seasoned businesses.
First we are going to start with the applicant with great credit. That would be an applicant with 680 or higher credit and time in business that exceeds three years. The applicant should not have any prior bankruptcies and should have low debt ratios. This applicant can qualify up to $25,000 to $50,000 application only programs. Additionally, this gives the good credit applicant a good opportunity to acquire a great lending rate. If the applicant seeks more than $50,000, they will have to provide more documentation to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable) A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the computer and office equipment acquisition would be required as well..
Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired computer and office equipment acquisition. They should have a minimum of three years in business without prior bankruptcies. Low debt to income ratios are also looked at favorable. Additionally, some lenders still might offer application only programs and anything beyond the minimum application only levels would require the same documentation as above.
With the second tier credit described above, the rates will be slightly higher than “A” Credit with great computer and office equipment and machinery financing and leasing opportunities available.
Applicants with Credit scores between 600-650, there are many computer and office equipment lending programs available without perfect credit. Even though there may be some dings on the applicant’s credit, there are still financing and leasing opportunities out in the financing market. There won’t be application only programs but plenty of lenders will look at you. Once again, strong healthy bank balances with time in business with profitable operations showing on your tax return is a big plus… Usually, full documentation information is required. The front money in these financing programs can run anywhere from 10-20% where as the first two programs can run as low as the first two payments..
There are other lenders that are not credit driven, but are story book driven. They work with start ups and seasoned businesses without perfect credit. They are more cash driven, and require some additional requirements to qualify. These lenders rates are higher than the computer and office programs described above but gives the applicant options that might be available elsewhere..
There are other lenders that are not credit driven at all but look at the free and clear assets that are available to the lender. Most lenders like machinery, bulldozers, trucks, excavators, etc that have retained a good value. These are cash poor applicants but have good qualified assets that the lender will qualify.
These lenders have their own formula to work out a lending base. One should call to find out the particular details (Copies of free and Clear Titles are required).These finance and lease programs can finance up to $5,000,000 or more based upon qualified assets.
In this recession, many lenders have had to focus on their repossessed computer hardware and office equipment inventories instead of normal business due to cash flow demands, out of balance credit lines with their own lenders, and competing with other lenders for the small supply of buyers in the market place.
In the prior better times, there were many application only programs up to $250,000 and $150,000. This meant there were no financial statements, tax returns or bank statements required. Today, there are less application only lending programs available, or the available programs require more information and their rate factors are higher than before. Due to problems in the computer industries, many lenders have gone back to more conventional lending requirements.
.
These lending changes have a tremendous impact on normal business for marginal credit buyers, start up businesses and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have a unique business opportunity to acquire a repossession with a credit score as low as 550. Repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional financing.
Since new business capital is difficult to obtain, it is suggested that the start up and seasoned business examine the repo markets. This could be a rewarding in the combination of both price and financing.
Remember, there are finance and lease programs that go into the millions for larger applicants, obvious they will require full documentation packages.
If conventional isn’t available to you for whatever reason, please check out the repossession market and see what deals you may be eligible for poor applicants but have good qualified assets that the lender will qualify.
Happy hunting for your new and used computer and office, hardware, equipment and machinery acquisition and its related financing
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending
U.S Corporate Capital Leasing assists the start up and seasoned business for all their computer and office equipment, machinery and hardware financing needs.
http://www.cclgequipmentleasing.com/lease_computers.htm
http://www.cclgequipmentleasing.com/lease_equipment.htm
Finance and Lease Fitness, Gym, Exercise Machinery and Equipment, New and Used, Leasing and Financing Programs Update, Part1
Finance and lease fitness, gym, exercise, machinery and equipment programs are still available for new and used equipment, however leasing and financing volume for the first part of 2010, was basically flat for most United States Industries.
Even though we are going through tough credit times, gym, fitness, exercise, machinery and equipment financing and leasing is still available for the good credit applicant and also for the not so good applicant. We are going to discuss the available gym, fitness, exercise finance and lease programs in general to give you an idea that money is still available for start up and seasoned businesses.
First we are going to start with the applicant with great credit. That would be an applicant with 680 or higher credit and time in business that exceeds three years. The applicant should not have any prior bankruptcies and should have low debt ratios. This applicant can qualify up to $25,000 application only programs. Additionally, this gives the good credit applicant a good opportunity to acquire a great lending rate. If the applicant seeks more than $25,000, they will have to provide more documentation to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable) A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the fitness, gym and exercise equipment acquisition would be required as well..
Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired fitness, gym and exercise equipment acquisition. They should have a minimum of three years in business without prior bankruptcies. Low debt to income ratios are also looked at favorable. Additionally, some lenders still might offer application only programs and anything beyond the minimum application only levels would require the same documentation as above.
With the second tier credit described above, the rates will be slightly higher than “A” Credit with great fitness, gym, and exercise equipment and machinery financing and leasing opportunities available.
Applicants with Credit scores between 600-650, there are many fitness, gym and exercise equipment lending programs available without perfect credit. Even though there may be some dings on the applicant’s credit, there are still financing and leasing opportunities out in the financing market. There won’t be application only programs but plenty of lenders will look at you. Once again, strong healthy bank balances with time in business with profitable operations showing on your tax return is a big plus… Usually, full documentation information is required. The front money in these financing programs can run anywhere from 10-20% where as the first two programs can run as low as the first two payments..
There are other lenders that are not credit driven, but are story book driven. They work with start ups and seasoned businesses without perfect credit. They are more cash driven, and require some additional requirements to qualify. These lenders rates are higher than the gym, fitness and exercise programs described above but gives the applicant options that might be available elsewhere..
There are other lenders that are not credit driven at all but look at the free and clear assets that are available to the lender. Most lenders like machinery, bulldozers, trucks, excavators, etc that have retained a good value. These are cash poor applicants but have good qualified assets that the lender will qualify.
These lenders have their own formula to work out a lending base. One should call to find out the particular details (Copies of free and Clear Titles are required).These finance and lease programs can finance up to $5,000,000 or more based upon qualified assets.
In this recession, many lenders have had to focus on their repossessed fitness, gym and exercise equipment inventories instead of normal business due to cash flow demands, out of balance credit lines with their own lenders, and competing with other lenders for the small supply of buyers in the market place.
In the prior better times, there were many application only programs up to $250,000 and $150,000. This meant there were no financial statements, tax returns or bank statements required. Today, there are less application only lending programs available, or the available programs require more information and their rate factors are higher than before. Due to problems in the economy, many lenders have gone back to more conventional lending requirements. .
These lending changes have a tremendous impact on normal business for marginal credit buyers, start up businesses and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have a unique business opportunity to acquire a repossession with a credit score as low as 550. Repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional financing.
Since new business capital is difficult to obtain, it is suggested that the start up and seasoned business examine the repo markets. This could be a rewarding in the combination of both price and financing.
Remember, there are finance and lease programs that go into the millions for larger applicants, obvious they will require full documentation packages.
If conventional isn’t available to you for whatever reason, please check out the repossession market and see what deals you may be eligible for
Happy hunting for your new and used fitness, exercise and gym equipment and machinery acquisition and its related financing.
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assistst the start up and seasoned businesses for all their
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Tags: applicant, Credit, debt to income ratios, Equipment, Exercise, Finance, Financing, Fitness, income tax returns, lease, Leasing, Machinery, Part1, personal income tax, Programs, update, used | 
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Finance and Lease Technology, Medical, Manufacturing Machinery and Equipment, New and Used, Leasing and Financing Programs
Finance and lease programs for technology, medical, manufacturing machinery and equipment, new and used, are still available in 2010 even though leasing and financing volume for the first part of 2010 was basically flat
Even though we are going through tough credit times, technology, medical, manufacturing machinery and equipment financing and leasing is still available for the good credit applicant and also for the not so good applicant with marginal credit. We are going to discuss the available technology finance and lease programs in general to give you an idea what money is still available for start up and seasoned businesses.
First we are going to start with the applicant with great credit. That would be an applicant with 680 or higher credit and time in business that exceeds three years. The applicant should not have any prior bankruptcies and should have low debt ratios. This applicant can qualify up to $150,000 application only programs. Additionally, this gives the good credit applicant a good opportunity to acquire a great lending rate. If the applicant seeks more than $150,000, they will have to provide more documentation to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable) A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the technology machinery and equipment acquisition would be required as well..
Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired technology machinery and equipment acquisition. They should have a minimum of three years in business without prior bankruptcies. Low debt to income ratios are also looked at favorable. Additionally, some lenders still might offer application only programs and anything beyond the minimum application only levels would require the same documentation as above.
With the second tier credit described above, the rates will be slightly higher than “A” Credit for technology medical, manufacturing equipment and machinery financing and leasing opportunities available.
Applicants with Credit scores between 600-650, there are many technology lending programs available without perfect credit. Even though there may be some dings on the applicant’s credit, there are still financing and leasing opportunities out in the financing market. There won’t be application only programs but plenty of lenders will look at you. Once again, strong healthy bank balances with time in business with profitable operations showing on your tax return is a big plus… Usually, full documentation information is required. The front money in these financing programs can run anywhere from 10-20% where as the first two programs can run as low as the first two payments..
There are other lenders that are not credit driven, but are story book driven. They work with start ups and seasoned businesses without perfect credit. They are more cash driven, and require some additional requirements to qualify. These lenders rates are higher than technology machinery and equipment programs described above but gives the applicant options that might be available elsewhere..
There are other lenders that are not credit driven at all but look at the free and clear assets that are available to the lender. Most lenders like machinery, bulldozers, trucks, excavators, etc that have retained a good value. These are cash poor applicants but have good qualified assets that the lender will qualify.
These lenders have their own formula to work out a lending base. One should call to find out the particular details (Copies of free and Clear Titles are required).These finance and lease programs can finance up to $5,000,000 or more based upon qualified assets.
In this recession, many lenders have had to focus on their repossessed technology equipment inventories instead of normal business due to cash flow demands, out of balance credit lines with their own lenders, and competing with other lenders for the small supply of buyers in the market place
.
In the prior better times, there were many application only programs up to $250,000 and $150,000. This meant there were no financial statements, tax returns or bank statements required. Today, there are less application only lending programs available, or the available programs require more information and their rate factors are higher than before. Due to problems in the economy, many lenders have gone back to more conventional lending requirements.
.
These lending changes have a tremendous impact on normal business for marginal credit buyers, start up businesses and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have a unique business opportunity to acquire a repossession with a credit score as low as 550. Repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional financing.
Since new business capital is difficult to obtain, it is suggested that the start up and seasoned business examine the repo markets. This could be a rewarding in the combination of both price and financing.
Remember, there are finance and lease programs that go into the millions for larger applicants, obvious they will require full documentation packages.
If conventional isn’t available to you for whatever reason, please check out the repossession market and see what deals you may be eligible for.
Happy hunting for your new and used technology medical, manufacturing equipment and machinery acquisition and its related financing
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assists the start up and seasoned businessess for financing in all different industries…
http://www.cclgequipmentleasing.com/lease_medical.htm
http://www.cclgequipmentleasing.com/lease_equipment.htm
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Tags: applicant, Credit, debt to income ratios, Equipment, Finance, Financing, income tax returns, lease, Leasing, Machinery, manufacturing, Medical, personal income tax, Programs, technology, used |
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Equipment, New And Used, Leasing And Financing Update
For equipment, new and used, leasing and financing in 2009 and the early part of 2010, economic times were no different than most United States Industries.
Even though we are going through tough credit times, financing and leasing is still available for the good credit applicant and not the so the good applicant. We are going to discuss the available financing and leasing programs in general to give you an idea that money is still available for start up and seasoned businesses.
First we are going to start with the applicant with great credit. That would be an applicant with 680 or higher credit and time in business that exceeds three years. The applicant should not have any prior bankruptcies and should have low debt ratios. This applicant can qualify up to $50,000 to $75,000 application only programs. Additionally, this gives the good credit applicant a good opportunity to acquire a great lending rate. If the applicant seeks more than $50,000 to $75,000, they will have to provide more documentation to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable) A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the acquisition would be required as well..
Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired acquisition. They should have a minimum of three years in business without prior bankruptcies. Low debt to income ratios are also looked at favorable. Additionally, some lenders still might offer application only programs and anything beyond the minimum application only levels would require the same documentation as above.
With the second tier credit described above, the rates will be slightly higher than “A” Credit with great financing and leasing opportunities available.
Applicants with Credit scores between 600-650, there are many lending programs available without perfect credit. Even though there may be some dings on the applicant’s credit, there are still financing and leasing opportunities out in the financing market. There won’t be application only programs but plenty of lenders will look at you. Once again, strong healthy bank balances with time in business with profitable operations showing on your tax return is a big plus… Usually, full documentation information is required. The front money in these financing programs can run anywhere from 10-20% where as the first two programs can run as low as the first two payments..
There are other lenders that are not credit driven, but are story book driven. They work with start ups and seasoned businesses without perfect credit. They are more cash driven, and require some additional requirements to qualify. These lenders rates are higher than the programs described above but gives the applicant options that might be available elsewhere..
There are other lenders that are not credit driven at all but look at the free and clear assets that are available to the lender. Most lenders like bulldozers, trucks, excavators, etc that have retained a good value. These are cash poor applicants but have good qualified assets that the lender will qualify. These lenders have their own formula to work out a lending base. One should call to find out the particular details (Copies of free and Clear Titles are required)
In this recession, many lenders have had to focus on their repossessed inventories instead of normal business due to cash flow demands, out of balance credit lines with their own lenders, and competing with other lenders for the small supply of buyers in the market place.
In the prior better times, there were many application only programs up to $250,000 and $150,000. This meant there were no financial statements, tax returns or bank statements required. Today, there are less application only lending programs available, or the available programs require more information and their rate factors are higher than before. Due to problems in the industry, many lenders have gone back to more conventional lending requirements. .
These lending changes have a tremendous impact on normal business for marginal credit buyers, start up businesses and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have a unique business opportunity to acquire a repossession with a credit score as low as 550. Repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional financing.
Since new business capital is difficult to obtain, it is suggested that the start up and seasoned business examine the repo markets. This could be a rewarding in the combination of both price and financing.
The following types of industries are examples of what we are describing here for equipment leasing and financing construction trucks and equipment, work and commercial vehicles, over the road trucking including Semis and big rig Trucks, commercial trailers including flatbed, bottom and end dump, dry van etc and all types of construction equipment, backhoes, excavators, bulldozers, dump trucks, farm equipment, forestry equipment, heavy equipment, garbage trucks, concrete, cement and boom trucks, office and medical equipment
If conventional isn’t available to you for whatever reason, please check out the repossession market and see what deals you may be eligible for.
Happy hunting for your equipment leasing and financing needs.
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assists the start up and seasoned businesses for financing in all different industries.
http://www.cclgequipmentleasing.com
http://www.cclgequipmentleasing.com/lease_construction.htm
Finance, Financing, Leasing, Lease Opportunities for New, Used Construction Equipment Acquisitions
For construction equipment, new and used, leasing, lease, finance and financing opportunities in 2009 and the early part of 2010 were no different than most United States Industries.
Even though the United States is going through tough credit times, construction finance and lease opportunities are still available for the good credit applicant and not the so the good applicant. We are going to discuss the available construction financing and leasing programs in general to give you an idea that money is still available for start up and seasoned businesses.
First we are going to start with the applicant with great credit. That would be an applicant with 680 or higher credit and time in business that exceeds three years. The applicant should not have any prior bankruptcies and should have low debt ratios. This applicant can qualify up to $50,000 to $75,000 application only programs. Additionally, this gives the good credit applicant a good opportunity to acquire a great lending rate.
If the applicant seeks more than $50,000 to $75,000, they will have to provide more documentation to qualify. This would include two years prior years business and personal income tax returns and the summary page of your last three months business bank statements.( high average bank balances are looked at favorable) A personal financial statement might be required as well as interim financial statements. A copy of the invoice detailing the acquisition would be required as well..
Applicants with personal credit scores between 650 and higher still have a good opportunity to acquire their desired acquisition. They should have a minimum of three years in business without prior bankruptcies. Low debt to income ratios are also looked at favorable. Additionally, some lenders still might offer application only programs and anything beyond the minimum application only levels would require the same documentation as above.
With the second tier credit described above, the rates will be slightly higher than “A” Credit with great construction equipment financing and leasing opportunities available.
Applicants with Credit scores between 600-650, there are many lending programs available without perfect credit. Even though there may be some dings on the applicant’s credit, there are still finance and lease opportunities out in the financing market. There won’t be application only programs but plenty of lenders will look at you. Once again, strong healthy bank balances with time in business with profitable operations showing on your tax return is a big plus… Usually, full documentation information is required. The front money in these financing programs can run anywhere from 10-20% where as the first two programs can run as low as the first two payments..
There are other lenders that are not credit driven, but are story book driven. They work with start ups and seasoned businesses without perfect credit. They are more cash driven, and require some additional requirements to qualify. These lenders rates are higher than the programs described above but gives the applicant finance and lease options that might be available elsewhere..
There are other lenders that are not credit driven at all but look at the free and clear assets that are available to the lender. Most lenders like bulldozers, trucks, excavators, etc that have retained a good value. These are cash poor applicants but have good qualified assets that the lender will qualify. These lenders have their own formula to work out a lending base. One should call to find out the particular details (Copies of free and Clear Titles are required)
In this recession, many lenders have had to focus on their repossessed inventories instead of normal business due to cash flow demands, out of balance credit lines with their own lenders, and competing with other lenders for the small supply of buyers in the market place.
In the prior better times, there were many application only programs up to $250,000 and $150,000. This meant there were no financial statements, tax returns or bank statements required. Today, there are less application only lending programs available, or the available programs require more information and their rate factors are higher than before. Due to problems in the construction industry, many lenders have gone back to more conventional lending requirements. .
These leasing and financing changes have a tremendous impact on normal business for marginal credit buyers, start up businesses and more mature businesses. One interesting area that has arisen out of this economic downturn is dealer/special financing. With all the repossessions in the market place today, buyers still have a unique business opportunity to acquire a repossession with a credit score as low as 550. Used and new construction equipment repossessions can be obtained with very little or no money down, sixty months to repay, regardless of age, and more favorable financing terms than conventional construction equipment financing.
Since new business capital is difficult to obtain, it is suggested that the start up and seasoned business examine the repo markets. This could be a rewarding in the combination of both price and financing.
The following types of industries are examples of what we are describing here for construction equipment, new and used, leasing and financing includes the following
Excavators, Backhoes, Skid Steer and Wheel loaders, Dump trucks, Concrete Mixers, Compactors, Concrete Pumps, Dozers, Forklifts Etc
If conventional construction financing and leasing isn’t available to you for whatever reason, please check out the repossession market and see what deals you may be eligible for
Happy hunting for your new and used construction equipment and its related lease and finance needs.
Rick has over thiry years in the financial field, including financing,
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Tags: Acquisitions, Construction, Equipment, Finance, Financing, lease, Leasing, opportunities, used |
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Heavy Construction Equipment and Trucks For Sale, Canada, With Canadian Financing
Heavy construction equipment and trucks in Canada or United States that are for sale are available with Canadian financing. Whether you are locating heavy construction equipment and trucks in Canada and/or Unites States for sale, such as concrete pumps, dump trucks, hydraulic excavators, bulldozers, crawler tractors, motor scrapers, diamond grinders, compaction equipment, aggregate equipment, off highway truck, etc can be an acquisition and financing opportunity for Canadians.
Today’s economy in the Unites States is all over the place and offers Canadians tremendous discount opportunities on United States construction truck and equipment with conventional Canadian financing and leasing being offered on either U.S or Canadian equipment acquisitions.
Canadian construction truck and equipment owners can seek special acquisition deals in the U.S secondary markets where there are repos and off lease trucks and equipment to be secured for acquisition.
These acquisition deals are spread out from California to the East Coast and enables the start up and seasoned Canadian owner operators an unique opportunity to acquire construction trucks, trailers and related construction equipment items for an extraordinary discounted price with Canadian financing being offered…
The clearance of these heavy duty construction trucks and related construction equipment are paramount for these U.S dealerships and banks to continue operations.
Canadian lenders are offering either financing on either normal conventional acquisitions, and/or repos and off lease heavy duty construction equipment and trucks with a minimum credit score starting as low as 550 and require as little as first and last payment to start and/or expand their business for Canadians. Additionally, there are some application only Canadian financing programs up to $50,000. Amounts over $50,000 require some additional documentation no order to satisfy banking requirements.
In addition, if you are a cash buyer, there is large opportunity to acquire a construction truck, trailer and/or construction equipment at a substantial discount….
The types of heavy trucks and construction equipment dealers are offering are built by:
Peterbilt, Kenworth, Freightliner, Mack, International, Volvo. Sterling, Ford, GMC, John Deere, Caterpillar, Case, Olin, Reed, Komatsu, Kobelco etc
In conclusion, a Canadian can buy construction equipment and trucks either in the United States or Canada and be eligible for Canadian financing. This is a buyers market for construction trucks and equipment..
Canadians, happy hunting for your acquisition of a heavy duty truck, trailer and construction equipment and its related Canadian financing.
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
http://www.cclgequipmentleasing.com/lease_construction.htm
http://www.cclgequipmentleasing.com/work_trucks.htm
Posted in Info |
Tags: California, Canada, Canadian, Construction, diamond grinders, East Coast, Equipment, Financing, Heavy, heavy construction equipment, heavy duty construction, Mack, Rick, sale, Sterling, Trucks, U.S., United States |
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Conventional Financing And Leasing For Agricuture Equipment, Trucking, Medical Equipment, Construction Equipment, And Franchises, Minimal Credit 680
Conventional financing and leasing is still available for credit scores higher than 680 for construction equipment, trucking, medical equipment, agriculture equipment and franchises. There are application only programs up to $75,000 with full documentation packages up to $250,000. This lender is very disciplined in its lending requirements and will qualify only applicants that meet their standards.
This lender requires that a business must be established for at least three years. Additionally, this lender will consider irregular payment structures on a case by case basis.
Additionally, this lender has some repo and off lease equipment available to applicants that don’t qualify for their normal lending practices. These off lease and repos will offered out with less stringent credit and lending requirements.
Check out the program structure, credit and asset guidelines and the asset and industry restrictions as well below. If you have any questions, give us a call
Happy hunting for your conventional financing for construction equipment, trucking, medical equipment, agriculture equipment and franchises.
Program Structure
1. Application-only transactions from $5,000 to $75,000
2. Transactions from $75,000 to $250,000 require a full financial package:
a. Two years’ tax returns or business financial statements
b. Interim financial statements
c. Personal financial statements for all owners
d. Two years’ personal tax returns for all owners
3. Discounting available for approved lessors and with approved documents
4. Terms 12 to 60 months
5. Approvals are good for 20 days. Approvals may be extended upon request.
6. Irregular payment structures (semi-annual, deferred, seasonal, balloon payments) are considered and will require up front credit approval
7. Sale/leasebacks are will not be considered
Credit Guidelines
1. Minimum personal guarantor credit score of 680.
2. Minimum time in business of 3 years
3. Minimum Equifax business credit score of 480 and minimum D & B Paydex score of 65.
4. Corporation-only transactions considered for publicly traded companies only; however established companies may be considered with good financial statements and business credit scores.
5. All individuals with at least 10% ownership are required to personally guarantee.
6. A signed credit release is required in order to pull credit.
Asset Guidelines
1. Trucks and trailers ( model year 2001 and newer )
2. Construction Equipment- includes cranes, wheel loaders, crawlers, dozers, backhoes, skid steer loaders, excavators, etc.
3. Agricultural Equipment
4. Vocational Equipment
5. Limos ( 48 month term max. )
6. Furniture
7. Tow Trucks
8. Doctors Equipment ( must be licensed physicians )
9. Forklifts
10. Landscape Equipment ( zero turn mowers )
11. Franchises
12. Restaurant Equipment (serialized )
Assets and Industry Restrictions
1. Generally, only “hard” assets will be considered
2. No real estate or items permanently attached to real estate
3. Restaurant equipment for established franchises only
4. No airplanes and boats
5. No Computers and software
6. No direct to garment printers
7. No televisions and select audio/visual equipment
8. No hotel FF & E
9. No exercise equipment
10. No medical equipment to non-licensed physicians
11. No residential contractors or construction companies. Commercial and utility contractors are OK.
12. No real estate development companies
13. No timber or logging
14. No long haul trucking companies
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing Group assists the start up and seasoned businesses for financing in all different industries..
http://www.cclgequipmentleasing.com/lease_construction.htm
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Tags: Agricuture, B Paydex, Construction, Conventional, Credit, Equipment, Financing, Franchises, Leasing, Medical, Minimal, paydex score, personal financial statements, personal tax returns, Rick, Trucking, U.S Corporate |
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Conventional Heavy Construction Equipment Financing and Leas
Conventional heavy construction equipment financing and leasing is still available in these financial times. Today, we are going to address some application only programs www.cclgequipmentleasing.com
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Tags: Construction, Conventional, Equipment, equipment financing, financial times, Financing, Heavy, heavy construction equipment, Leas |
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Conventional Financing And Leasing For Construction Equipment, Trucking, Medical Equipment, Agriculture Equipment, And Franchises, Minimal Credit 680
Conventional financing and leasing, for new and used equipment, is still available for credit scores higher than 680 for construction equipment, trucking, medical equipment, agriculture equipment and franchises. There are application only programs up to $75,000 with full documentation packages up to $250,000. This lender is very disciplined in its lending requirements and will qualify only applicants that meet their standards.
This lender requires that a business must be established for at least three years. Additionally, this lender will consider irregular payment structures on a case by case basis.
Additionally, this lender has some repo and off lease equipment available to applicants that don’t qualify for their normal lending practices. These off lease and repos will offered out with less stringent credit and lending requirements.
Check out the program structure, credit and asset guidelines and the asset and industry restrictions as well below. There are many financing and leasing programs below a credit score of 680.These are great financing programs as well..
Happy hunting for your conventional financing for construction equipment, trucking, medical equipment, agriculture equipment and franchises.
Program Structure
Application-only transactions from $5,000 to $75,000
Transactions from $75,000 to $250,000 require a full financial package: Two years’ tax returns or business financial statements
Interim financial statements
Personal financial statements for all owners
Two years’ personal tax returns for all owners
Discounting available for approved lessors and with approved documents
Terms 12 to 60 months
Approvals are good for 20 days. Approvals may be extended upon request.
Irregular payment structures (semi-annual, deferred, seasonal, balloon payments) are considered and will require up front credit approval
Sale/leasebacks are will not be considered
Credit Guidelines
Minimum personal guarantor credit score of 680.
Minimum time in business of 3 years
Minimum Equifax business credit score of 480 and minimum D & B Paydex score of 65.
Corporation-only transactions considered for publicly traded companies only; however established companies may be considered with good financial statements and business credit scores.
All individuals with at least 10% ownership are required to personally guarantee.
A signed credit release is required in order to pull credit.
Asset Guidelines
Trucks and trailers ( model year 2001 and newer )
Construction Equipment- includes cranes, wheel loaders, crawlers, dozers, backhoes, skid steer loaders, excavators, etc.
Agricultural Equipment
Vocational Equipment
Limos ( 48 month term max. )
Furniture
Tow Trucks
Doctors Equipment ( must be licensed physicians )
Forklifts
10. Landscape Equipment ( zero turn mowers )
11. Franchises
12. Restaurant Equipment (serialized )
Assets and Industry Restrictions
Generally, only “hard” assets will be considered
No real estate or items permanently attached to real estate
Restaurant equipment for established franchises only
No airplanes and boats
No Computers and software
No direct to garment printers
No televisions and select audio/visual equipment
No hotel FF & E
No exercise equipment
10. No medical equipment to non-licensed physicians
11. No residential contractors or construction companies. Commercial and utility contractors are OK.
12. No real estate development companies
13. No timber or logging
14. No long haul trucking companies
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending.
U.S Corporate Capital Leasing assists the start up and seasoned business for financing in all different industries….
http://www.cclgequipmentleasing.com/lease_construction.htm
http://www.cclgequipmentleasing.com/truckfinancing.htm
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Tags: Agriculture, agriculture equipment, B Paydex, Business, Construction, Conventional, Credit, E No, Equipment, Financing, Franchises, Leasing, Medical, Minimal, personal financial statements, personal tax returns, Rick, Trucking, U.S Corporate |
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Conventional Heavy Construction Equipment Financing and Leasing
Conventional heavy construction equipment financing and leasing is still available in today’s financial markets. In this article, we are going to address some application only programs that are available up to $75,000 and full documentation packages up to $250,000.
In today’s market, many lenders have either run out of money to lend, or must liquidate their off lease inventories to generate working capital or are no longer in business. This economic crisis has affected everyone including banks and lenders.
The available programs described here include you locating your own heavy construction equipment and bringing to a conventional lender for financing
The requirements for application only programs up to $75,000 are the following:
A Credit requires the following:
5 years TIB (time in business) under current ownership 700+ credit score
B Credit requires the following:
2+ years TIB (time in business) under current ownership 650-700 credit score
The rates on A and B paper will be slightly different.
Additionally, a filled out lease application dated and signed by the owners and summary page of the last three months business bank statements will get the lending process started. A copy of an invoice, purchase order etc would be required from the qualified dealer. Additionally, other information might be required but this is taken on a case by case basis.
For financing up to $250,000, these are the following requirements:
5 years TIB (time in business) under current ownership Full Financial Package is required will ALL applications 675+ credit score Low 5 Average bank balance with no NSF’s or Overdrafts
Additionally, the details of this program is listed belo
if a Corporation of any kind)
2 current years corporate tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS) Last 2 years profit & loss statements Last 2 years balance sheets Year to date profit & loss statements Year to date balance sheets 2 current years personal tax returns for ALL owners (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS) Current signed and dated personal financial statements for ALL owners COMPLETE application with ALL owners information and signatures
(if a Sole. Prop.)
2 current years personal tax returns (COMPLETE WITH ALL SCHEDULES AND ATTACHMENTS) Current signed and dated personal financial statements Last 2 years profit & loss statements Last 2 years balance sheets Year to date profit & loss statements Year to date balance sheets COMPLETE application with ALL owners information and signatures
Once again, a signed and dated lease application would be required to get the financing process started. A copy of an invoice, purchase order etc would be required from the qualified dealer. Additionally, other information be might be required but this is taken on a case by case basis.
This application only and full documentation program would apply to following types but not inclusive types of construction equipment:
Backhoes, excavators, bulldozers, wheel loaders, skid loaders, tractor, concrete mixer, concrete pump, compactor etc
Examples of heavy construction equipment could be manufactured by John Deere, Case, Caterpillar, Komatsu, Kobelco, Hitachi, Hyundai etc
Happy hunting for your heavy construction equipment acquisition and its related financing……
Rick has over thiry years in the financial field, including leasing, working capital and hard asset money loans, and commercial lending
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Tags: Construction, Conventional, Equipment, Financing, Heavy, Leasing |
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