equipment financing with bad credit
TRANSCRIPT
![Page 1: Equipment Financing With Bad Credit](https://reader034.vdocuments.us/reader034/viewer/2022042619/587053001a28aba2118b4ac5/html5/thumbnails/1.jpg)
Financing EquipmentWith Bad Credit
![Page 2: Equipment Financing With Bad Credit](https://reader034.vdocuments.us/reader034/viewer/2022042619/587053001a28aba2118b4ac5/html5/thumbnails/2.jpg)
Most lenders want borrowers tohave personal credit scores above650 in order to finance or lease
equipment
![Page 3: Equipment Financing With Bad Credit](https://reader034.vdocuments.us/reader034/viewer/2022042619/587053001a28aba2118b4ac5/html5/thumbnails/3.jpg)
BUT
There are still options when yourcredit isn't perfect
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Many private lenders exist that willhelp businesses finance equipment
(even with low credit scores)
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Sometimes, lenders need tostrengthen the deal to offset risk
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Some Ways to Get Very Tough DealsDone:
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Some Ways to Get Very Tough DealsDone:
Get a Cosigner
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Some Ways to Get Very Tough DealsDone:
Get a Cosigner
Make a Large Down Payment
![Page 9: Equipment Financing With Bad Credit](https://reader034.vdocuments.us/reader034/viewer/2022042619/587053001a28aba2118b4ac5/html5/thumbnails/9.jpg)
Some Ways to Get Very Tough DealsDone:
Get a Cosigner
Make a Large Down Payment
Offer Collateral
![Page 10: Equipment Financing With Bad Credit](https://reader034.vdocuments.us/reader034/viewer/2022042619/587053001a28aba2118b4ac5/html5/thumbnails/10.jpg)
"Hard Equipment" Like Trucks orHeavy Machinery is Easier toFinance With Bad Credit
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We do work with specialty lendersthat will consider any credit scorefor heavy equipment, even with low
down payments
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However, very risky deals will havemuch higher payments than low-
risk deals
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