Our goal is to help your business succeed.   Given the current business and credit environment, securing the equipment financing your business needs can often be challenging, but not impossible.  The following guidelines are intended to assist you when seeking approvals and competitive financing for your equipment needs.

Some of the key factors that are considered when attempting to secure approvals:

• Good credit history for the principal(s) of the business (personal guarantees are required of those with a 15% or more interest in the business entity)
• Stability is even more important than size.  Time in business (5+ years), profitability and good trends are preferable
• For transactions exceeding $50,000, adequate cash flow to cover the proposed financing and reasonable equity in the business and the transaction’s guarantor(s) is important

For transactions valued $10,000 to $50,000, typically an application only is sufficient.

For transactions in excess of $50,000 financial statements should be submitted with the application: