[jfeinberg]

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

[fundingsmbs]

are you doing equipment financing on your own balance sheet or white label? Looks like more and more co's are broadening their suite of products to ISO's and merchants- smart move

[jfeinberg]

We fund non-titled in house, and titled we have to syndicate with a bank.

[rockingfunder]

We fund non-titled in house, and titled we have to syndicate with a bank.

Jay can you provide some parameters for types of equipment that would qualify for financing ex: rigs, trucks, tractors, etc?