Equipment Finance Companies
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  1. #1

    Equipment Finance Companies

    Today I've received 5 requests for equipment financing, nothing crazy, 8-20k deals, are there any funders here who offer this?
    I've emailed Everlast, but it would be good to know some other options, I'd like to get them rolling on Monday if possible.

    Thank you

  2. #2
    Member Reputation points: 817 Jplummer's Avatar
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    For deals this size I would suggest Time Payment
    Jim Plummer
    Quality Leasing Co., Inc.
    A Tom Wood Automotive Company
    Office: 317-253-4415
    Direct: 317-845-8768
    Fax: 317-688-6420
    Cell: 317-512-9618
    www.qualityleasingco.com

  3. #3
    Quote Originally Posted by Jplummer View Post
    For deals this size I would suggest Time Payment
    Thank you.

    For future reference what does your box look like?

  4. #4
    Senior Member Reputation points: 17365 jfeinberg's Avatar
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    Send email to ISO@everlastingcapital.com. 50% of our business is equipment finance!

    Also check out www.equipmentbrokerschool.com

  5. #5
    Quote Originally Posted by jfeinberg View Post
    Send email to ISO@everlastingcapital.com. 50% of our business is equipment finance!

    Also check out www.equipmentbrokerschool.com
    I did this morning! Waiting for a reply, thank you.

  6. #6
    Member Reputation points: 817 Jplummer's Avatar
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    Quote Originally Posted by Jamesf View Post
    Thank you.

    For future reference what does your box look like?
    Typically we will look at equipment from $30,000.00 to $3,000,000.00. We have a few restrictions no planes or boats, livery equipment and emergency equipment. Credit scores typically need to be around 650 or higher. We will consider down to 600 if they have a reasonable explanation. The customer needs to have 3 years industry experience and a minimum ending bank balance of $10,000.00 month over month for 3 months (sometimes we will make exceptions to this rule but rarely). If the deal is under $150,000 we would typically require an application, 3 months bank statements, last 2 years tax returns and the equipment with specs.
    Jim Plummer
    Quality Leasing Co., Inc.
    A Tom Wood Automotive Company
    Office: 317-253-4415
    Direct: 317-845-8768
    Fax: 317-688-6420
    Cell: 317-512-9618
    www.qualityleasingco.com

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