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03-07-2019, 10:02 AM #1
Everlasting Capital's Equipment ISO #'s are in from last month!
Hope everyone is well!
I wanted to let you guys know that we will be looking to add only top ISO's to our Equipment Financing program soon. We will not entertain 1 or 2 guy brokerages. (We will accept almost everyone for capital, however we have to go through a process to approve ISO's to submit equipment applications to us)
Last month these were the averages of our ISO funded Equipment Financing & Leasing deals:
Average Volume: $74,000
Average Lease Rate: 10.38%
Average Term: 54 Months
Average Days App to Funded: 5 days
Approval Rate: 51.47%
Average Commission: 5%
We will work with you to understand the program & process's.
Commission:
$50,000 or less: up to 10%
$50,001 - $100,000: up to 7%
$100,001 - $150,000: up to 5%
$150,000+: Up to 2%
Approval Requirements:
- New or Used Equipment
- 625+ Fico
- Brand new start-ups are okay up to $45k for any one piece of equipment or $80k for multiple pieces.
Submission Requirements:
If equipment is $150,000 or less we will need:
- Application
- Equipment Quote
- 3 months business bank statements
If equipment is $150,000 or more we will need:
- Application
- Equipment quote
- 3 months business bank statements
- 2 years personal tax returns of all owners
- 2 years corporate tax returns
- Personal Financial Statement of all owners
Please feel free to reach out to ISO@everlastingcapital.com, (888) 777-8144 x 1, or www.everlastingcapital.com/partner-program
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