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Capital Resources
Capital Resources
C-Credit Equipment Leasing
We offer a C-credit equipment leasing program that provides a unique alternative
to credit scoring. We help fund new business start-ups and older businesses
with weaker credit by understanding "their story". Leases are approved and
funded based on common sense and the Lessee's potential for positive cash
flow.
This niche product is designed specifically for customers that cannot credit score
with preferred "A Credit" funders. These include companies with weaker credit,
newer companies, new ownership or weak collateral. Typical lease sizes range
from $5,000 to $80,000.
Vendors are pre-funded at least 50% when the lease is signed and 50% when
delivery is made. Vendors must be verified to be in good standing in order to
receive a vendor approval. Once the client is approved for credit, they will sign the
lease and write a check for the lease deposit (10% for older businesses and 15%
for start-ups). The vendor will then be sent a check for 50% of their invoice and
will receive the remaining 50% upon equipment delivery.
C-Credit Defined in 2 ways:
1. New Business start-ups: Any business less than 2 years old. It is important
that new business owners have alternate sources of income such as working
spouses, other business ownership, real estate income, retirement income, etc.
2. Older Businesses with credit issues: Any business more than 2 years old.
Many business owners experience credit problems. It is a common occurrence
when trying to grow a business. Leases can be approved and funded for any
business that can demonstrate integrity, organization skill and the potential for
positive cash flow.
Frequently Asked Questions
Does the lease require a personal guarantee?
YES. Each owner of the company must sign a personal guarantee with the
exception of a public corporation.
How long does the credit approval process take?
About a day! Once we complete the full financial credit package, an interview with
the Lessee will be scheduled and a credit decision will be rendered within 24
hours.
Can the lease be paid off early?
Yes. There are no penalties and an early-payoff discount is given.
What happens to the equipment at the end of the lease?
It can be purchased using the provided purchase option or it can be returned for a
refund of the security deposit.
Is additional collateral required?
Leases are generally approved based on the capacity to repay. From time to time
additional collateral will be considered to mitigate risk.
Can equipment be purchased from an individual?
Yes. Private party sales and used equipment are okay. In some cases title
searches are necessary and it may be necessary to interview the equipment
seller.
Can equipment be purchased from an auction?
Yes. Approximate cost of the equipment and credit will need to be pre-approved to
allow for quick action at the auction. A "letter of credit" will be provided.
We offer a C-credit equipment leasing program that provides a unique alternative
to credit scoring. We help fund new business start-ups and older businesses
with weaker credit by understanding "their story". Leases are approved and
funded based on common sense and the Lessee's potential for positive cash
flow.
This niche product is designed specifically for customers that cannot credit score
with preferred "A Credit" funders. These include companies with weaker credit,
newer companies, new ownership or weak collateral. Typical lease sizes range
from $5,000 to $80,000.
Vendors are pre-funded at least 50% when the lease is signed and 50% when
delivery is made. Vendors must be verified to be in good standing in order to
receive a vendor approval. Once the client is approved for credit, they will sign the
lease and write a check for the lease deposit (10% for older businesses and 15%
for start-ups). The vendor will then be sent a check for 50% of their invoice and
will receive the remaining 50% upon equipment delivery.
C-Credit Defined in 2 ways:
1. New Business start-ups: Any business less than 2 years old. It is important
that new business owners have alternate sources of income such as working
spouses, other business ownership, real estate income, retirement income, etc.
2. Older Businesses with credit issues: Any business more than 2 years old.
Many business owners experience credit problems. It is a common occurrence
when trying to grow a business. Leases can be approved and funded for any
business that can demonstrate integrity, organization skill and the potential for
positive cash flow.
Frequently Asked Questions
Does the lease require a personal guarantee?
YES. Each owner of the company must sign a personal guarantee with the
exception of a public corporation.
How long does the credit approval process take?
About a day! Once we complete the full financial credit package, an interview with
the Lessee will be scheduled and a credit decision will be rendered within 24
hours.
Can the lease be paid off early?
Yes. There are no penalties and an early-payoff discount is given.
What happens to the equipment at the end of the lease?
It can be purchased using the provided purchase option or it can be returned for a
refund of the security deposit.
Is additional collateral required?
Leases are generally approved based on the capacity to repay. From time to time
additional collateral will be considered to mitigate risk.
Can equipment be purchased from an individual?
Yes. Private party sales and used equipment are okay. In some cases title
searches are necessary and it may be necessary to interview the equipment
seller.
Can equipment be purchased from an auction?
Yes. Approximate cost of the equipment and credit will need to be pre-approved to
allow for quick action at the auction. A "letter of credit" will be provided.
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