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Leasing Credit Guidelines

 

Credit Criteria
Applicant's Time in Business:
- Two Years Minimum
- Clean Personal Credit
- Satisfactory Bank Relationship
- Good Trade References
- Satisfactory Comparable Credit History
- Good Dunn and Bradstreet Rating
- Completed Application with reference sheet
Credit Limits

Application Only Program
Up to $100,000 with no Financials
$5,000 to $100,000

Applications Over $100,000
For "A" Credit Rate Structure please provide: Two years Financial statements including Balance Sheets and Income Statements with current interim statement.

Terms

Zero, One, or Two payments In advance
Payment plans from one to five years for amounts $5,000 to $100,000.
Over $100,000 subject to credit approval.

At end of lease, equipment may be returned, purchased or refinanced.

$1.00 and 10% purchase options available*

Terms and conditions are subject to credit approval
- 90 Days Deferred Program / make no payments for the first 90 days
- Skip Payment Program / Skip three months out of each year of the lease.

Companies with fewer than two years in business... The following items are needed to submit for credit approval

  • Clean Personal Credit / Satisfactory Bank Relationship
  • 3 Good Trade References / Satisfactory Comparable Credit History
  • Two years personal tax returns on principals
  • Current interim statement on the business if last tax returns where prepared over three months ago
  • Credit application with reference sheet / Resume on Principle parties (if applicable)
  • Detailed Equipment list with pricing

Terms and conditions are subject to credit approval
Currently offering terms ranging from 12-60 months
Zero, One or Two advance payments
$1.00 buyout or 10% buyout options (balloon payment at the end)

While the Finance market is at an all time low, NOW is the time to buy the equipment you need to grow your business especially during the rising economy. Why wait!! Contact your representative for more details.