Equipment Lease

Depending on the type of equipment, your industry, your credit and other factors, you might be eligible for equipment leasing under one of our 3 options:

Option A Option B Option C
Minimum FICO 700+ 700+ 675+
Minimum TIB 3 years 3 years 3 years
Rates 7.5% – 11% 7% – 7.75% 15% – 50%
Loan Size $15K – $5MM* $15K – $500K $15K – $150K
Term 24 – 60 months 24 – 72* months 24 – 60 months
Down Payment Up to 10% TBD Up to 20%
Bankruptcies Considered after 7 years No Considered after 2 years
REQUIRED DOCUMENTS
UNDER $150K App & Invoice; 3 Months Bank Statements – Last Tax Return (Business & Personal) App & Invoice App & Invoice
OVER $150K App & Invoice; 3 Months Bank Statements – 3 years financials App & Invoice; 3 Months Bank Statements – 3 years financials App & Invoice; 3 Months Bank Statements – 3 years financials

We apologize, but we currently do not offer lease programs for:

  • Start Ups (Min 3 years in business)
  • Restaurant, Bars or any Food related industries.
  • Gyms or Fitness Clubs
  • Laundry or Dry Cleaning
  • Programs described on this page are not available for Transportation/Trucking. Please see the Transportation Lease page.

MINIMUM REQUIREMENTS:

  • 3 YEARS TIB
  • 675+ FICO
  • 100% OWNERSHIP BREAKDOWN (OWNERS WITH 15% OR MORE NEED TO BE ON THE APP)
  • TITLED DEALS – MAY TAKE AT LEAST A WEEK

IMPORTANT NOTES:

  • Credit Score: Although many of the above programs have a minimum FICO score required, there’s little if any weight on the score itself. For the loan sizes $150K and below, the main criteria underwriters care mainly about are delinquencies, credit utilization, credit history, and access to credit.
  • Titled Equipment: Any equipment that is titled (anything with a license plate) is, generally, more difficult to get done and require additional paperwork. With the
    financing being secured against the equipment, and said equipment having the ability to move, makes the diligence process a little more stringent for titled equipment
  • Private Party Sale: If the equipment is being purchase from an individual, generally, the deal will be more difficult to complete. We need to know who the equipment is coming from, and often only allow funding to be issued when the equipment is purchased from a reputable Vendor/Dealership. PRIVATE PARTY SALES ARE APPROVED ON A CASE BY CASE BASIS ONLY PLEASE.
  • Business Essential: Any equipment being purchased MUST be business essential (i.e. a doctor buying a truck is not essential).