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What equipment does your business need ?       Programs for good and bad credit.
CALL: (321) 432 7717  or  EMAIL info@fundequipment.com
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500 - 600
600 - 700
700 or higher
Equipment needed
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Over the last 15 or more years many banks that once offered small business loans have left the market. When added to the diminishing number of community banks, the lenders really motivated to offer financing to small businesses are alternative lenders that offer specialized products like MCA loans, factoring, franchise loans, equipment loans, and other similar loan products. The cost of capital for these lenders, combined with the risk profiles of the borrowers they serve, equates to higher interest rates than a traditional term loan at the bank.

Most alternative lenders would suggest, and we wholeheartedly agree, if you have the ability and the time to get a traditional low-interest rate from the bank, thatís where you should go. Unfortunately itís becoming more difficult, not less difficult, for small businesses to do. Alternative lenders are also geared up for the smaller loan amounts many small business owners are looking for. One of the biggest challenges small business owners face is not that they are asking for too much, itís that they arenít asking for enough. A $20,000 or $50,000 loan is a big loan to many small businesses and are just too expensive for many banks to process. We donít believe that higher interest rates are the best thing for every small business, but we do believe the capital they make available to many small businesses is critical to growth and creating jobs. In fact, we are already witnessing alternative lenders becoming the primary source of capital for most small businesses.

FOOD FOR THOUGHT
LARGE COMPANY EQUIP$3m+
TRUCK/ CONSTRTN WITH POOR CREDIT (PLAN A)
SITE UNDER CONSTRUCTION
GREAT CREDIT APP ONLY TO $100k
  PLAN A PLAN B PLAN C PLAN D PLAN E
  Details Plan A        
Funding Range $10k to $250k $3k to $30k $10k to $500k $25k to $100k $20k to $5 million
Credit Score ANY REVIEW ONLY REVIEW ONLY 700+ 660+
Minimum Annual Revenue N/A $300k $300k $500k $500k
Time In Business N/A 1 YEAR 2 YEARS 4 YEARS 4 YEARS
Minimum # of employees    1 + 3 + 6 + 10 + 10 +
Security Deposit 0% From 10% From 10% Depends on deal Depends on deal
At Lease End YOU OWN IT
NO RESIDUAL PAYM'T
10% PURCHASE OPTION
CAN USE SECURITY DEP
10% PURCHASE OPTION
CAN USE SECURITY DEP
Depends on deal Depends on deal
Past Bankruptcies OK OK OK No negatives No negatives
Past Tax Liens OK OK OK No negatives No negatives
Collateral (free & clear equipm'nt) Full Cover req'd NONE * NONE * Not required Not required
Home Ownership or co-signer Needed over $40k PG Needed PG Needed PG Needed PG Needed
Past Due Child Support NO DEAL No criteria No criteria No criteria No criteria
Restricted Business Types ONLY GOOD FOR THE FOLLOWING:
YELLOW IRON
TRUCKS  & TRAILERS
HEAVY AGRICULTURE
MACHINE TOOLS
DO NOT DO: SALONS, BAR/RESTAURANT, LONG HAUL TRUCKS, ADULT ENT'MT, VENDING, LOGGING OR NON ACTIVE OWNER DO NOT DO:
ONE MAN SHOPS,
VENDING,
MALL KIOSKS,
   
Restricted States   LA, AK LA,HI,AK    
Details Plan B
SMALL TICKET LEASING (PLAN B)