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Equipment leasing and finance.  We understand that factoring alone may not be sufficient to meet the funding needs of certain customers, our equipment finance program offer a flexible funding option for those clients who require equipment financing along with our factoring facility. Rates and terms are very competitive.

This equipment loan program is offered in concert with our receivables factoring facility.

BASIC TERMS | INVENTORY REVOLVER

• $500,000 to $25 million (Higher case by case)
• Advance rates of up to 75% of forced liquidation value
• One borrowing base with receivables facility
• Typically 24-month term with a balloon
• 3 to 10 years amortization
• New and used equipment, but generally loans are against used equipment
• Easy application to funding process

We also offer standalone equipment leases for new and used equipment, the options are:

• Capital Lease
• Finance Lease
• Net Lease
• Open-End Lease
• Operating Lease
• Sale Lease Back
• True Lease

BASIC TERMS

• $500,000 (Minimum)
• Minimum two (2) years in business
• Last two years of financials and interim
• Debt coverage ratio: 1.30x

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