Equipment
Sale Leaseback Financing
If your company owns equipment or machinery and you need working capital, our equipment sale leaseback financing program may be for you.
The banks have discontinued any type of sale leaseback program. We are actively looking at ways to help business owners raise capital in this new economy.
Our equipment sale leaseback program is for companies that need cash and want it quickly.
We work with most industries and situations: start up companies, debt restructuring, turn arounds, bankruptcy or simply by using additional collateral to acquire new equipment.
Approvals are based on verifiable asset value. For equipment acquired more than 60 days ago, we require 2:1 ratio (equipment:cash), meaning to borrow $100,000 we will need $200,000 in asset (collateral) value. We can typically finance 70% of the current verifiable auction value of your used equipment. New equipment with 30 day or newer invoice, typically higher amounts.
If you acquired the equipment within the last 60 days - We may be able to offer you 100% financing based on a full financial review.
Call Today @ 877-389-2468
Application - Equipment Sale Leaseback Financing Program
General guidelines:
- Finance Amounts: $50,000 to $5 Million.
- Approval amounts determined by verifiable auction values.
- We use your credit profile to set the pricing.
- Proof of ability to repay is required.
What Equipment is eligible:
- Agricultural Equipment - Bulldozers - Construction Equipment
- Commercial Trucks & Trailers - Cranes - Crushers
- Excavators - Heavy Equipment - Forestry Equipment
- Logging Equipment - Manufacturing Equipment - Mining Equipment
- Production Equipment - Processing Equipment - Yellow Iron
- Specialized Equipment considered case by case.
- Equity in Developed Real Estate
- Equipment 10 years old or newer.
How we determine Equipment Value:
- Recent auction results are used to set the approval amount.
- The equipment must have an active secondary auction market.
Valuation Websites we use:
Documents we will need (Click to Download):
Please have a list of the equipment you wish to use for this asset based lending program ready to fax to us @ 612-435-4811
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