8/9/2019 Conventional Financing and Leasing for Construction Equipment, Trucking, Medical Equipment, Agriculture Equipme…

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Jaguar Equip. FinanceJaguar Equip. Finance 

Conventional Financing and Leasing for Construction Equipment,Trucking, Medical Equipment, Agriculture Equipment, and Franchises,Minimal Credit Score 680

Conventional financing and leasing is still available for credit scoreshigher than 680 for construction equipment, trucking, medicalequipment, agriculture equipment and franchises. There are applicationonly programs up to $75,000 with full documentation packages up to$250,000. This lender is very disciplined in its lending requirements and

will qualify only applicants that meet their standards.

This lender requires that a business must be established for at least threeyears. Additionally, this lender will consider irregular paymentstructures on a case by case basis.

Additionally, this lender has some repo and off lease equipmentavailable to applicants that don’t qualify for their normal lending

 practices. These off lease and repos will offered out with less stringentcredit and lending requirements.

Check out the program structure, credit and asset guidelines and theasset and industry restrictions as well below. If your credit is below 680,we have many other leasing and financing programs for you. Call or email us for details…..

Happy hunting for your conventional financing for constructionequipment, trucking, medical equipment, agriculture equipment andfranchises.

www.jaguarequipmentleasing.com

  www.jaguarequipmentleasing.com/leaseconstruction.htm

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Program Structure

1. Application-only transactions from $5,000 to $75,000

2. Transactions from $75,000 to $250,000 require a full financial package:

a. Two years’ tax returns or business financial statements

 b. Interim financial statements

c. Personal financial statements for all owners

d. Two years’ personal tax returns for all owners

3. Discounting available for approved lessors and with approved documents

4. Terms 12 to 60 months

5. Approvals are good for 20 days. Approvals may be extended upon request.

6. Irregular payment structures (semi-annual, deferred, seasonal, balloon payments) are

considered and will require up front credit approval

7. Sale/leasebacks are will not be considered

Credit Guidelines

1. Minimum personal guarantor credit score of 680.

2. Minimum time in business of 3 years

3. Minimum Equifax business credit score of 480 and minimum D & B Paydex score of 65.4. Corporation-only transactions considered for publicly traded companies only; however 

established companies may be considered with good financial statements and businesscredit scores.

5. All individuals with at least 10% ownership are required to personally guarantee.

6. A signed credit release is required in order to pull credit.

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Asset Guidelines

1. Trucks and trailers ( model year 2001 and newer )

2. Construction Equipment- includes cranes, wheel loaders, crawlers, dozers, backhoes,

skid steer loaders, excavators, etc.

3. Agricultural Equipment

4. Vocational Equipment

5. Limos ( 48 month term max. )

6. Furniture

7. Tow Trucks

8. Doctors Equipment ( must be licensed physicians )

9. Forklifts

10. Landscape Equipment ( zero turn mowers )

11. Franchises

12. Restaurant Equipment (serialized )

Assets and Industry Restrictions1. Generally, only “hard” assets will be considered

2. No real estate or items permanently attached to real estate

3. Restaurant equipment for established franchises only

4. No airplanes and boats

5. No Computers and software

6. No direct to garment printers

7. No televisions and select audio/visual equipment

8. No hotel FF & E

9. No exercise equipment

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10.

11. No medical equipment to non-licensed physicians

12. No residential contractors or construction companies. Commercial and utility contractors

are OK.

13. No real estate development companies

14. No timber or logging

15. No long haul trucking companies