Date post: | 07-Jan-2017 |
Category: |
Business |
Upload: | smarter-finance-usa |
View: | 3,732 times |
Download: | 2 times |
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