Requirements:
- Company in business minimum of 3 years (will consider startups utilizing higher rates)
- Equipment costs maximum $50,000 (Limited exceptions)
- Personal guarantees are required on all proprietorships, partnerships, and “S” corps (most cases).
- The principal of the corporation must be willing to provide his/her Social Security number and home address to verify no previous bankruptcies (For companies in business less than 10 years).
- The application must be completed in its ENTIRETY. References must be able to verify length of time in business and establish comparable credit.
- First and last payments are typically required upon delivery of equipment.
- Maximum term is 60 months.
- Leases that include computer hardware have maximum 30 month terms (Limited exceptions)
- If applicant’s D&B report does not contain financial information, financials may be requested.
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