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07-24-2015, 12:16 AM #12
I came from the equipment leasing space, and frankly I can't picture Finpac, Dakota, or anyone else funding a client with 0% down for a C or D credit profile, even on a fully secured leaseback.
I imagine a 15-20% down product at 28% APR or higher, which frankly, our product is often superior to (except for term). Of course this varies from client to client, but there is definitely a time and place for the WBL product that equipment financing can't compete with.Last edited by Zach; 07-24-2015 at 12:28 PM.
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