qualifying for equipment leasing

Post on 07-Jan-2017

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Qualifying to Financeor Lease Equipment

1Credit Based Equipment Financing

With good credit and business cashflow you should have no problemfinancing or leasing equipment at

reasonable rates.

With 2+ years in business and 625+

credit scores, most businessesshould qualify with no real

problems.

If your personal credit is poor, thereare often ways to find financing for

the equipment you need.

2Cash Flow Based Equipment

Financing

If your business has strong cashflows, your credit score can often be

ignored.

Rates and payments will be higherwith poor credit than with good

credit

3Collateral Based Equipment

Financing

When financing vehicles or heavyequipment, collateral can solve

most challenges

If you can make a large downpayment, or offer significantcollateral, financing is usually

available

3Collateral Based Equipment

Financing

4Story Financing

Story lenders specialize in not having a"box"

There are no hard rules - a story lendertries to find strength to make a

transaction work

Not everyone will be approved, but if astrong business case can be made...

... many credit or other financialchallenges can be overcome

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