We have a new program for small ticket equipment financing which approves a client and funds a vendor the very same day. Approval decisions happen within 2 hours so you can use your new equipment right away. This is the fastest finance process in the industry!
The Key Points include:
- Finance amount: $5,000 to $25,000
- Term: 24 – 60 months
- Approvals in 2 hours
- Simple 1 page credit application
- Qualified vendors paid in advance
- All documents signed electronically online
- No bank or trade references needed
- No advance payments required
- Used equipment accepted
- Covers all of U.S.A. except for Louisiana
The Customer criteria include:
- Minimum 2 years time in business (Florida must be 5 yrs)
- Minimum 625 FICO score
- Must have commercial location
- Personal guarantee of all owners required
The Vendor criteria include:
- Minimum 2 years in business
- Must have commercial location; no mail stops or business suites
- Business credit report must be clear/no open liens
- Limitation: as of now, lender is not allowing LED or solar or any leasehold improvements; only small equipment
- Simple vendor application
This is a great program for super fast approvals; as a vendor you are paid before the equipment leaves your office; as a customer, you get instant access to your new equipment – win-win for everyone! Let me know if you have any questions.