[JParr]

Startup restaurants are going to be very cautionary for us right now but we do not have a set funding limit. Down payment and/or additional collateral will very likely be required.

We'd be much more interested in expansion opportunities. For instance an established restaurant pivoting to also have a food truck, etc.

Startups in general also don't have a set funding limit with us. Credit, collateral, use of funds, etc. is in most cases what will limit the amount of funding the borrower will be eligible for.

Last year we funded $2MM for MRI, mammography, etc. equipment for a startup medical imaging center. We offered 100% financing, no additional collateral requirement, 48 month term, and 6 months of skip payments as they ramped up. Applicants of course had strong credit, all PHDs, invested a large amount of their own capital, already had LOI from hospital group to use their services, etc.

All in all, if we like a deal we'll find a way fund it.

[DiamondBL]

Startup restaurants are going to be very cautionary for us right now but we do not have a set funding limit. Down payment and/or additional collateral will very likely be required.

We'd be much more interested in expansion opportunities. For instance an established restaurant pivoting to also have a food truck, etc.

Startups in general also don't have a set funding limit with us. Credit, collateral, use of funds, etc. is in most cases what will limit the amount of funding the borrower will be eligible for.

Last year we funded $2MM for MRI, mammography, etc. equipment for a startup medical imaging center. We offered 100% financing, no additional collateral requirement, 48 month term, and 6 months of skip payments as they ramped up. Applicants of course had strong credit, all PHDs, invested a large amount of their own capital, already had LOI from hospital group to use their services, etc.

All in all, if we like a deal we'll find a way fund it.

SLIM is a good lender to have for EQ.

[JParr]

SLIM is a good lender to have for EQ.

Thanks for the recommendation Jon!


Those that are new to equipment finance or the industry in general, keep in mind that we also operate the Commercial Finance Academy. It's a 5 day program designed to teach you the ins and outs of a variety of products including startup funding. At the end of the course you will be onboarded with at least a dozen lenders, including SLIM Capital, so you can start making money day one.

We are now accepting applications for the November class. www.commercialfinanceacademy.com