Phone: 800.326.4188 ext. 222 & 226
Fax: 850.479.3891
Address: 4300 Bayou Blvd. Suite 33
  Pensacola, Florida 32503
  July 23, 2021 HOME   FCC HISTORY   WHY LEASE?   NEWSLETTER   PROGRAMS   CONTACT


App Only Info & Recently Approved and Funded



 

Typical Credit Package

 

  • Copy of applicant signed detailed credit application containing SS#, Fed ID#, Home Ownership & etc.
  • Copy of credit bureau report
  • D & B report when available
  • PayNet report if available
  • Last 3 months of business bank statements
  • Trade reference verifications. 
  • Complete equipment description (copy of dealer quote, buyer’s order or bill of sale to include the model number(s), options, cost, taxes, maintenance, software, install and any other pertinent information)  

                                                                         .                                

General Guidelines

 

  • “Hard Asset” Equipment preferred
  • Personal guarantee of principals
  • Time in business

    • Five years in business minimum for hard assets
    • Seven years in business on high tech equipment
  • Beacon/FICA score of 700 or higher (725 or higher on high tech equipment)
  • Paydex score of 70 or higher
  • Acceptable PayNet report per industry
  • 24-60 month terms (36 months on high tech max)
  • Detailed bank and trade reference verification
  • No Fleet Rental Financing, Floor Plan Financing, or Inventory Financing
  • No OTR Transportation
  • Vocational Trucks acceptable (Cement, Logging, Electrical, Garbage, etc)
  • No Corporate only transactions (must have personal guarantees)

Recently Approved or Funded Equipment

 

Coach and Tour Buses: $150,000-We recently funded several used coach and tour buses. There is no requirement for the number of buses currently running. The customer must have 5-years time in business to qualify. 

Hydraulic Scaffolding: $45,000-We recently funded hydraulic scaffolding with mast climber, power deck and components. The equipment is used for the construction of building and skyscraper masonry. 

1979 Kenworth Watertruck: We are able to fund your older titled equipment and vehicles. Please let us know if we can help you fund your next older or newer titled equipment.  

Non-Profit Corporations: $280,000-Recently approved for a non-profit corporation working in low income housing that required 14 replacement copiers at its five different locations. 60 month term with one advance payment.

 Farming Equipment: $150,000-Recently approved a specialized self-propelled strawberry harvesting machine for an 8 year-old company that farms and sells prepackaged salad mixes.

 Churches: $250,000-We recently funded audio visual equipment for a Baptist church’s new sanctuary at a second location. Equipment included lighting, cabling, and other soft collateral.

 Laser Spa Equipment: $48,000-Recently approved for a sole-proprietor, not owned by a doctor or medical professional, laser spa equipment used for hair removal.

 Allergy Relief Laser System: $41,000-We recently approved an allergy relief system for a chiropractor’s office with 4 years’ time in business.

 Restaurant P.O.S. System: $100,000-We recently approved P.O.S. systems for a 38 store pizza chain. The first restaurant opened 30 years ago. 70% of the equipment cost was training and soft costs. The other 30% was for software.

 Corp Only Guaranty; Batch Furnace System: $285,000-Financing approved for the residual amount due on an expiring lease for a batch furnace system for a commercial heating plant. The original equipment cost was $1.1 Million.

 Walk-in Commercial Coolers: $150,000-Recently approved a walk-in cooler, cookie room, blast freezer and dry mix room for a large commercial baked goods manufacturer.

 Wireless Modems: $54,000-$50 wireless modems to be placed at a wireless provider’s customer’s multiple locations, recently approved.

 Private Party Sale: $47,000-Recently approved a 13 year old wheel loader for a scrap metal processing facility.