EquipmentWallet - The Future of Equipment Financing & Leasing
Qualifying for equipment leasing
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Transcript of Qualifying for equipment leasing
![Page 1: Qualifying for equipment leasing](https://reader034.fdocuments.us/reader034/viewer/2022042907/587052c31a28aba2118b4a3d/html5/thumbnails/1.jpg)
Qualifying to Financeor Lease Equipment
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1Credit Based Equipment Financing
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With good credit and business cashflow you should have no problemfinancing or leasing equipment at
reasonable rates.
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With 2+ years in business and 625+
credit scores, most businessesshould qualify with no real
problems.
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If your personal credit is poor, thereare often ways to find financing for
the equipment you need.
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2Cash Flow Based Equipment
Financing
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If your business has strong cashflows, your credit score can often be
ignored.
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Rates and payments will be higherwith poor credit than with good
credit
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3Collateral Based Equipment
Financing
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When financing vehicles or heavyequipment, collateral can solve
most challenges
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If you can make a large downpayment, or offer significantcollateral, financing is usually
available
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3Collateral Based Equipment
Financing
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4Story Financing
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Story lenders specialize in not having a"box"
There are no hard rules - a story lendertries to find strength to make a
transaction work
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Not everyone will be approved, but if astrong business case can be made...
... many credit or other financialchallenges can be overcome
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