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12-28-2021, 02:47 PM #1
Make It Your New Years' Resolution To Start Funding More Equipment In 2022
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!
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