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09-17-2021, 12:56 PM #1
Equipment Finance - Up to $300K App Only
TIER I CREDIT GUIDELINES
- Application only up to $300K
- 675+ FICO Score
- Terms Up to 72 Months
- $10K Average Bank Balance
- 3+Years Time in Business
- No Suits, Liens, Judgements or BK
- No Paynet Scoring
- Attractive Early Payoff Options
TIER II CREDIT GUIDELINES*
- Application only up to $150K
- 600+ FICO Score
- Terms Up to 72 Months
- 2+ Years Time in Business
- No Open Liens, judgements, or BK (Payment plans OK)
*Additional hard collateral considered for non-qualified applicants
"START-UP" CREDIT GUIDELINES
SLIM Capital consider new businesses with less than two years’ time in business if the customer meets specific credit requirements and under certain structures.
• Max financing amount of $60K (i.e.$75K equipment cost with 20% down ACH is mandatory)
• 700+ FICO AND home ownership for all personal guarantors
• 50% Comparable Debt
• 20% Minimum Down Payment or Security Deposit
In addition to the above credit based programs, we will also consider securing hard assets to structure transactions. We will consider equipment with a strong secondary market value, real estate, and other assets that can be easily monetized as collateral.
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