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Application Process |
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Application Process and requirements –
Utilizing multiple funding lines and sources allows us to be very flexible in
regards to the approval process. In most cases a simple credit application
is all we need to process that needed line of credit. Please refer to
the various pricing levels listed below with links to the needed application
and supporting documents.
$2,500-$100,000: Application Only
$75,000-$125,000: Application and Supplemental form
$125,000 plus: Application, Supplemental form, Business Financials. Full financial package is required, 2 years corporate tax returns, 2 years supporting financials including Profit and Loss statements and Balance sheet, plus most current interim statements.
Corporation Only with no personal guarantees: Use the above as references based on the amount of the lease. Generally financing with require guarantees however a corporation only request has to meet minimum guidelines as to number of employees and time in business. Dun & Bradstreet scoring is very important.
Startup Business up to $50,000: Application, Source and Use of funds form, (example Source and Use Form)
Startup Business over $50,000: Application, Source and Use of funds form, Personal Financial Statement. If purchasing an established business please provide background in the industry.
The term, structure and buyout of the lease can be provided once credit is approved. In most cases any structure can be obtained from 0 advance payments, 30-180 day deferred first payment, seasonal or annual payment, large down payment, startups, personal business loans, personal and business real estate.
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