[JParr]

If you are working with cleaner credit clients in equipment intensive industries, you need to be offering equipment financing. Our credit process and range of programs make funding deals easy!


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.

Reach out to me to learn more and get set up with us!

[JParr]

Amid the persistence of the pandemic, the equipment finance industry pushed ahead and began shifting toward sustainable, inclusive growth. SLIM Capital, LLC, located in Beverly Hills, CA, reported 2021 as a record year for total fundings resulting in an increase of 24.63 percent, year-over-year. Shervin Rashti, CEO is pleased with how 2021 ended and feels extremely optimistic that there will be continued growth and exciting opportunities in 2022.

“By continuing to enhance our processes, credit scoring modeling and upgrades in systems, we have seen a huge uptick in our efficiency. This gives our referring partners the confidence in knowing they can look to SLIM as the premier option to handle their financing requests.” said Shervin Rashti.

Here is a quick snapshot of Business Lending in 2021 for SLIM Capital:

Average Amount Funded: $135,230
Funding Volume Increase (Y/Y): 24.63 percent
Total Number of Deals Processed: 2,225
Total Dollar Amount of Applications Processed: $433,278,682
Processed Increase (Y/Y): 7.7 percent
Look to Book Time: 1 Day

Some of the top industries that SLIM Capital was able to help and saw promising growth in:

Energy: Another stellar record year for Energy, more specifically, renewable energy. SLIM Capital continued to fund deals for businesses in this industry consistently each quarter, making it our most popular financing for 2021. SLIM Capital believes that this area of business will not be slowing down anytime soon!

Construction: SLIM Capital continued to see a steady increase of business from contractors around the country. Many of whom have and will continue to add equipment to their businesses to support bigger contracts. With new spending coming from legislative infrastructure bills, we have seen significant growth and anticipate considerable more spending in the coming years.

Cannabis: This is an industry that has seen continuous activity and interest throughout the country. The cannabis space has the highest year over year growth. Because of our expertise in the equipment and business model, SLIM Capital is fortunate to have the opportunity to invest in these businesses and be a part of a growing market.

https://www.monitordaily.com/news-po...24-63-in-2021/